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Modern Water Plc (AIM: MWG), the pioneering and innovative technology company specialising in membrane water treatment solutions and advanced monitoring products, announces that at its General Meeting held earlier today, all Resolutions were duly passed.

Application has been made to London Stock Exchange for the Placing Shares, the Placing Fee Shares and the Retainer Fee Shares ("New Ordinary Shares") to be admitted to trading on AIM and it is anticipated that trading in the New Ordinary Shares will commence on AIM at 8.00 a.m. on or around 17 February 2020.  The New Ordinary Shares will rank pari passu with the Existing Ordinary Shares.  

Following Admission, the Company's issued share capital will comprise 502,693,214 Ordinary Shares with voting rights.  The Company does not hold any Ordinary Shares in treasury. The figure of 502,693,214 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules. 

At the General Meeting, Simon Humphrey, confirmed that: "The Board is optimistic about the Company's prospects, and with the anticipated growth made possible by the placing proceeds as well as cost reductions, expects the Company to be cash break even in due course."

Unless the context requires otherwise, definitions used in this announcement will have the same meaning as ascribed to them in the Company's announcement dated 24 January 2020.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Contacts:

Modern Water plc	+44 (0)20 3827 3439
Simon Humphrey, Chief Executive
Cairn Financial Advisers LLP (Nominated Adviser)	+44 (0)20 7213 0880
Sandy Jamieson/Tony Rawlinson Ludovico Lazzaretti
Turner Pope Investments (TPI) Limited (Broker)	+44 (0)20 3657 0050
Andy Thacker / Zoe Alexander