REG - Pennon Group PLC - Half Yearly Report <Origin Href="QuoteRef">PNN.L</Origin> - Part 34

PennonAnnouncement

28/11/2014 07:11

- Part 34: For the preceding part double click  ID:nRSb2520YG 

                                                                                                                                                                                              year was 808p  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     (2013 701p).   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
   11.                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Perpetual      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     capital        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     securities     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Unaudited                                                                         
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Half yearended 30 September2014  Year ended 31 March 2014                         
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     £m             £m                                                                             
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     GBP 300m 6.75%                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     perpetual                                                                                                                      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     subordinated                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    capital securities                            294.8                            294.8                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     On 8 March 2013 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     the Company    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     issued £300m   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     perpetual      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     capital        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     securities.    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     They have no   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     fixed          
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     redemption date 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     but the Company 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     may, at its    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     sole           
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     discretion,    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     redeem all, but 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     not part, of   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     these          
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     securities at  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     their principal 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     amount on 8