REG - Pennon Group PLC - WaterShare+ customer offer closing date

PennonAnnouncement

22/12/2022 11:45

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RNS Number : 6515K  Pennon Group PLC  22 December 2022

PENNON GROUP PLC

 

FOR IMMEDIATE RELEASE

 

WATERSHARE+ CUSTOMER OFFER CLOSING DATE

 

 

The WaterShare+ Scheme Offer for eligible customers of South West Water,
Bournemouth Water and Bristol Water will close at 5pm on 6 January 2023.

 

 

Background

 

Through South West Water's New Deal business plan (2020-25), we committed to
share our success with customers through our pioneering WaterShare+ scheme. In
2020, we shared c.£20 million of outperformance from the previous regulatory
period with South West Water and Bournemouth Water customers, through a choice
of either a £20 reduction in their bill or through the ownership of shares in
Pennon Group plc. We were delighted that one in 16 households in the region
opted to become shareholders, giving them a greater stake in the business and
the opportunity to share in our success, as investors do.

 

We have accelerated the second WaterShare+ scheme and are sharing c.£20
million outperformance in 2022/23. Customers of South West Water, Bournemouth
Water and for the first time Bristol Water can choose a £13 bill reduction or
for customers that meet the eligibility requirements ownership of a share in
Pennon Group plc.

 

 

22 December 2022

 

Andrew Garard

Group General Counsel and Company Secretary

 

www.pennon-group.co.uk (http://www.pennon-group.co.uk)

 

 

 

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