Brief: Pennon Group Expects Capital Investment Of About £3.6 Bln In Regulated Water Businesses Over AMP8
BRIEF-Pennon Group Expects Capital Investment Of About £3.6 Bln In Regulated Water Businesses Over AMP8 Oct 7 (Reuters) - Pennon Group PLC PNN.L:
PENNON GROUP PLC - STRATEGIC UPDATE
PENNON GROUP - PROPOSES SALE OF PENNON POWER WITH £25 MILLION PROCEEDS TO BE REINVESTED IN RENEWABLE GENERATION
PENNON GROUP - EXPECTS CAPITAL INVESTMENT OF APPROX £3.60 BILLION IN REGULATED WATER BUSINESSES OVER AMP8
PENNON GROUP - REBASES TOTAL DIVIDEND FOR FY2026/2027 TO APPROX £125 MILLION FROM £138 MILLION IN FY2025/2026
PENNON GROUP - EXPECTS UNDERLYING DIVIDEND PER SHARE REDUCTION OF APPROX 30% TO AROUND 18 PENCE
PENNON GROUP PLC: ESTIMATES AROUND £170 MILLION OF FURTHER INVESTMENT THROUGH THE 2027 AND 2028 COST CHANGE PROCESSES, SUBJECT TO OFWAT APPROVALS
PENNON GROUP PLC: CONTINUES TO EXPECT TO ACHIEVE EFFICIENCIES ON THE AMP8 TOTEX PROGRAMME
PENNON GROUP PLC: FULLY UNDERWRITTEN RIGHTS ISSUE OF ABOUT £550 MILLION LAUNCHED TODAY, TO FUND THE INCREASED INVESTMENT IN THE REGULATED WATER BUSINESSES
Source text: ID:nRSG9615Xa
Further company coverage: PNN.L