Brief: Pennon Group Announces £550 Mln Fully Underwritten Rights Issue At 250p/Share
BRIEF-Pennon Group Announces £550 Mln Fully Underwritten Rights Issue At 250p/Share Oct 7 (Reuters) - Pennon Group PLC PNN.L:
PENNON GROUP PLC - RIGHTS ISSUE
PENNON GROUP - ANNOUNCES £550 MILLION FULLY UNDERWRITTEN RIGHTS ISSUE AT 250 PENCE PER SHARE
PENNON GROUP - TO REBASE DIVIDEND TO £125 MILLION FOR FY2026/2027
PENNON GROUP - UNDERLYING EBITDA EXPECTED TO INCREASE 5%-10% IN CURRENT FINANCIAL YEAR
PENNON GROUP - TO RECORD £33 MILLION IMPAIRMENT FOR CORNWALL DESALINATION PLANT
PENNON GROUP - CONSIDERING DISPOSAL OF PENNON POWER TO REDUCE DEBT AND REINVEST IN CORE BUSINESS
PENNON GROUP PLC: FOR THE YEAR ENDED 31 MARCH 2026, NET OPERATIONAL OUTCOME DELIVERY INCENTIVE (ODI) PENALTY OF ABOUT £58 MILLION
PENNON GROUP: ANTICIPATE CONTINUE TO INCUR ODI PENALTIES OVER PERIOD TO 2030; TARGETING AT LEAST A 50% REDUCTION IN SUCH PENALTIES ON ANNUALISED BASIS
PENNON GROUP: IN 2026, EXPECTS £12.9 MILLION OF COSTS RELATED TO SETTLEMENT OF THE DWI PROSECUTION
Source text: ID:nRSG9617Xa
Further company coverage: PNN.L