REG - Pennon Group PLC Bank of America Corp - Holding(s) in Company
05/02/2025 10:00
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RNS Number : 0106W Pennon Group PLC 05 February 2025
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BNNTLN49
Issuer Name
PENNON GROUP PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights; An acquisition or disposal of
financial instruments
3. Details of person subject to the notification obligation
Name
Bank of America Corporation
City of registered office (if applicable)
Country of registered office (if applicable)
US
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
03-Feb-2025
6. Date on which Issuer notified
04-Feb-2025
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8.A) % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) Total of both in % (8.A + 8.B) Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached 1.842042 3.931319 5.773361 16514303
Position of previous notification (if applicable)
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of shares ISIN code(if possible) Number of direct voting rights (DTR5.1) Number of indirect voting rights (DTR5.2.1) % of direct voting rights (DTR5.1) % of indirect voting rights (DTR5.2.1)
GB00BNNTLN49 5246424 1.834138
US7083262029 22610 0.007904
Sub Total 8.A 5269034 1.842042%
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Type of financial instrument Expiration date Exercise/conversion period Number of voting rights that may be acquired if the instrument is % of voting rights
exercised/converted
Right to Recall N/A N/A 2677037 0.935886
Physical Option 28/06/2027 N/A 21816 0.007627
Physical Option 30/05/2028 N/A 242078 0.084630
Sub Total 8.B1 2940931 1.028143%
8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))
Type of financial instrument Expiration date Exercise/conversion period Physical or cash settlement Number of voting rights % of voting rights
Swaps 28/02/2025 N/A Cash 500000 0.174799
Swaps 01/04/2025 N/A Cash 193749 0.067734
Swaps 15/04/2025 N/A Cash 103182 0.036072
Swaps 30/07/2025 N/A Cash 519827 0.181730
Swaps 22/12/2025 N/A Cash 359378 0.125638
Swaps 30/01/2026 N/A Cash 30575 0.010689
Swaps 16/02/2026 N/A Cash 28665 0.010021
Swaps 27/02/2026 N/A Cash 921862 0.322281
Swaps 02/03/2026 N/A Cash 7053 0.002466
Swaps 18/03/2026 N/A Cash 149701 0.052335
Swaps 30/04/2026 N/A Cash 6671 0.002332
Swaps 25/06/2026 N/A Cash 121349 0.042423
Swaps 29/07/2026 N/A Cash 978080 0.341935
Swaps 31/07/2026 N/A Cash 1364384 0.476985
Swaps 30/10/2026 N/A Cash 147508 0.051568
Swaps 18/11/2026 N/A Cash 2382252 0.832830
Swaps 25/11/2026 N/A Cash 13754 0.004808
Swaps 04/06/2027 N/A Cash 180880 0.063235
Swaps 14/06/2027 N/A Cash 162726 0.056889
Swaps 15/02/2028 N/A Cash 92581 0.032366
Swaps 14/12/2029 N/A Cash 12430 0.004345
Swaps 31/12/2029 N/A Cash 27731 0.009695
Sub Total 8.B2 8304338 2.903176%
9. Information in relation to the person subject to the notification
obligation
2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)
Ultimate controlling person Name of controlled undertaking % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher Total of both if it equals or is higher than the notifiable threshold
than the notifiable threshold
Bank of America Corporation Bank of America, National Association
Bank of America Corporation Merrill Lynch International 3.386890 4.942995%
Bank of America Corporation BofA Securities, Inc.
Bank of America Corporation Managed Account Advisors, LLC
Bank of America Corporation BofA Securities Europe SA
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
12. Date of Completion
04-Feb-2025
13. Place Of Completion
United Kingdom
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