REG - Pennon Group PLC - Director/PDMR Shareholding

PennonAnnouncement

06/08/2019 11:05

RNS Number : 0973I
Pennon Group PLC
06 August 2019
 


 Director/PDMR Shareholding
 
Pennon Group Plc
 
Notification of transactions of persons discharging managerial responsibilities
 
The notification below is made in accordance with the requirements of the EU Market Abuse Regulation. 
 



1


Details of the person discharging managerial responsibilities/person closely associated
 




a)


Name
 


SIMON ANTHONY FOLLETT PUGSLEY




2


Reason for the notification
 




a)


Position/status
 


GROUP GENERAL COUNSEL AND COMPANY SECRETARY
 




b)


Initial notification/Amendment
 


INITIAL NOTIFICATION




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)


Name
 


PENNON GROUP PLC




b)


LEI
 


213800V1CCTS41GWH423




4


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 




a)


Description of the financial instrument, type of instrument
 
Identification code
 


ORDINARY SHARES OF 40.7p EACH
 
 
GB00B18V8630




b)


Nature of the transaction
 


GROSS VESTING AT THE END OF THE 3 YEAR RESTRICTED PERIOD OF 32% OF THE AWARD MADE BY THE ISSUER IN july 2016 UNDER THE PERFORMANCE AND CO-INVESTMENT PLAN.  THE REMAINING 68% HAS LAPSED.  THE VESTING LEVEL REFLECTS PERFORMANCE AGAINST TWO TOTAL SHAREHOLDER RETURN CONDITIONS (TSR) PLUS SATISFACTION WITH AN UNDERPIN CONDITION RELATING TO THE OPERATIONAL AND ECONOMIC PERFORMANCE OF THE COMPANY. SHARES EQUIVALENT TO ACCRUED DIVIDENDS HAVE BEEN INCLUDED, IN ACCORDANCE WITH THE RULES OF THE PLAN. A PROPORTION OF THE VESTING SHARES HAVE BEEN SOLD TO MEET THE INCOME AND N.I. LIABILITIES OF THE PDMR/DIRECTOR ARISING FROM THE VESTING.
 




c)


Price(s) and volume(s)
 





Price(s)
 


Volume(s)




727.00p*
 


2,133








d)


Aggregated information
 
- Volume
 
- Price
 
- Total
 


 
 
2,133 SHARES
 
£7.27*
 
£15,506.91
 
* vesting / sale price
 




e)


Date of the transaction
 


2 AUGUST 2019  




f)


Place of the transaction
 


London Stock Exchange (XLON)



 



Name of authorised official of issuer responsible for making notification
KAREN SENIOR, DEPUTY COMPANY SECRETARY
Date of notification    6 AUGUST 2019



 




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