REG - Pennon Group PLC - WaterShare+ Scheme

PennonAnnouncement

01/02/2023 17:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230201:nRSA6454Oa&default-theme=true

RNS Number : 6454O  Pennon Group PLC  01 February 2023

1 February 2023

 

Pennon Group Plc

WaterShare+ Scheme

Building on the successful launch of our WaterShare+ initiative in 2020, we
are delighted to have accelerated the second issuance of our unique
WaterShare+ scheme. £20 million of outperformance has been used to underpin
our commitment not just to South West Water and Bournemouth Water customers
but now also to Bristol Water customers, equating to £13 per customer.

As part of this scheme certain customers were able to elect to receive a
Pennon share as an alternative to receiving a £13 credit on their bill. In
excess of 35,000 customer shares have been purchased for this second offer via
a WaterShare+ dividend of £325,122.37( 1 
(https://otp.tools.investis.com/clients/uk/pennon_group_plc/rns/regulatory-story.aspx?cid=1167&newsid=1423665#_ftn1)
).

Susan Davy, Pennon Chief Executive Officer, commented:

 

"South West Water is setting a new standard in customer engagement as the UK's
leading socially responsible water business through Pennon's second issuance
of WaterShare+. More households than ever before are now shareholders, with 1
in 14 in South West Water participating in WaterShare+. I'm also delighted
that we have been able to expand the scheme to include Bristol Water customers
for the first time, delivering on our commitment to ensure that every customer
should benefit from what we do."

 For further information, please contact:
 Pennon Group plc  +44 (0)1392 443 168
 Paul Boote        Chief Financial Officer
 Jennifer Cooke    Head of Investor Relations
 Media Enquiries   +44 (0)207 251 3801
 James Murgatroyd  FGS Global
 Harry Worthington

 

Important Legal Information

The Pennon shares referred to herein have not been, and will not be,
registered under the US Securities Act of 1933, as amended, or any relevant
securities laws of any state or other jurisdiction of the United States, and
may not be offered, sold, taken up, exercised, resold, renounced, transferred
or delivered, directly or indirectly, within the United States absent
registration or an applicable exemption from the registration requirements.

 

( 1 
(https://otp.tools.investis.com/clients/uk/pennon_group_plc/rns/regulatory-story.aspx?cid=1167&newsid=1423665#_ftnref1)
) For the purposes of paying the WaterShare+ Scheme dividend, in 2020 Pennon
issued and allotted a single non-cumulative redeemable preference share
of £0.01 in the capital of Pennon to Link Market Services Limited.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFLFERFFILIIV