REG - Pennon Group PLC - Additional Listing

PennonAnnouncement

07/07/2020 11:00

RNS Number : 2679S
  
Pennon Group PLC
  
07 July 2020
  
 

PENNON GROUP PLC 
 
FOR IMMEDIATE RELEASE
 
APPLICATION FOR ADDITIONAL LISTING
 
 
 
Application has been made to the Financial Conduct Authority for the admission of 297,283 ordinary shares of 40.7 pence each in Pennon Group plc to the Official List and to the London Stock Exchange for these securities to be admitted to trading. 
 
The application is being made in respect of issuing shares to executive management upon the early vesting and release of long-term incentives under the terms of the Company's Long-term Incentive Plan (LTIP) and Performance and Co-investment Plan (PCP) (the 'Plans'), as a result of the sale of the Company's waste management business, Viridor. The shares will be allotted and issued to the Plans' trustee, Apex Corporate Trustees (UK) Limited upon admission and then transferred to the LTIP participants. Admission is expected to be effective from 8 July 2020.
 
 
7 July 2020
 
www.pennon-group.co.uk
 


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