REG - Pennon Group PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">PNN.L</Origin>

PennonAnnouncement

07/09/2017 11:05

RNS Number : 1164Q
Pennon Group PLC
07 September 2017
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
STEPHEN CHARLES BIRD
2
Reason for the notification
a)
Position/status
MANAGING DIRECTOR, SOUTH WEST WATER
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 20.4% OF THE AWARD MADE BY THE ISSUER IN july 2014 UNDER THE PERFORMANCE AND CO-INVESTMENT PLAN. THE REMAINING 79.6% 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)
806.84p*
4,073
d) 
Aggregated information
- Volume
- Price
- Total 
4,073 SHARES
8.0684*
32,862.59
* vesting / sale price
e) 
Date of the transaction
6 SEPTEMBER 2017 
f) 
Place of the transaction 
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
CHRISTOPHER LOUGHLIN
2
Reason for the notification
a)
Position/status
GROUP CHIEF EXECUTIVE OFFICER
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 20.4% OF THE AWARD MADE BY THE ISSUER IN july 2014 UNDER THE PERFORMANCE AND CO-INVESTMENT PLAN. THE REMAINING 79.6% 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)
806.84p*
11,437
d) 
Aggregated information
- Volume
- Price
- Total 
11,437 SHARES
8.0684p*
92,278.29
* vesting / sale price
e) 
Date of the transaction
6 SEPTEMBER 2017 
f) 
Place of the transaction 
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
SUSAN JANE DAVY
2
Reason for the notification
a)
Position/status
CHIEF FINANCIAL OFFICER
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 20.4% OF THE AWARD MADE BY THE ISSUER IN july 2014 UNDER THE PERFORMANCE AND CO-INVESTMENT PLAN. THE REMAINING 79.6% 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)
806.84p*
4,222
d) 
Aggregated information
- Volume
- Price
- Total 
4,222 SHARES
8.0684p*
34,064.78
* vesting / sale price
e) 
Date of the transaction
6 SEPTEMBER 2017 
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 7 SEPTEMBER 2017 

This information is provided by RNS
The company news service from the London Stock Exchange
  END
DSHOKODKKBKDKCK