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

PennonAnnouncement

14/12/2017 12:00

RNS Number : 3867Z
Pennon Group PLC
14 December 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
PAUL MICHAEL RINGHAM
2
Reason for the notification
a)
Position/status
COMMERCIAL DIRECTOR, VIRIDOR
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 OF SHARES PURSUANT TO THE PENNON GROUP ANNUAL INCENTIVE BONUS PLAN - DEFERRED ELEMENT (THE 'PLAN') FOLLOWING THE END OF THE 3 YEAR RESTRICTED PERIOD. SHARES EQUIVALENT TO ACCRUED DIVIDENDS HAVE BEEN INCLUDED, IN ACCORDANCE WITH THE CONDITIONS OF THE PLAN. A PROPORTION OF THE VESTED SHARES HAVE BEEN SOLD BY THE SHARE PLANS TRUSTEE TO MEET THE INCOME TAX AND NATIONAL INSURANCE LIABILITIES OF THE PERSON NAMED IN 1(a) ABOVE.
c) 
Price(s) and volume(s) 
Price(s) 
Volume(s)
7.5829p*
2,884
d) 
Aggregated information
- Volume
- Price
- Total 
2,884 SHARES (gross)
7.5829p*
21,869.08 (gross)
* vesting / sale price
e) 
Date of the transaction
14 December 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 14 December 2017

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