REG - United Utilities Grp - Launch of Retail Offer

United UtilitiesAnnouncement

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RNS Number : 4789C  United Utilities Group PLC  30 April 2026

THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE,
TRANSMISSION, FORWARDING OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR
IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA OR CANADA OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MIGHT
CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE
SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT. FURTHER,THIS
ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR
FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF
AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF UNITED UTILITIES
GROUP PLC IN THE UNITED STATES, CANADA, AUSTRALIA, OR ANY OTHER JURISDICTION
IN WHICH THE SAME WOULD BE UNLAWFUL OR REQUIRE REGISTRATION. NO PUBLIC
OFFERING OF THE SECURITIES REFERRED TO HEREIN IS BEING MADE IN ANY SUCH
JURISDICTION.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW
PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED ("UK MAR").

 

THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION
21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 ("FSMA") AND HAS BEEN
APPROVED BY RETAIL BOOK LIMITED WHICH IS AUTHORISED AND REGULATED BY THE
FINANCIAL CONDUCT AUTHORITY (FRN 994238). THIS FINANCIAL PROMOTION IS NOT
INTENDED TO BE INVESTMENT ADVICE.

 

For immediate release

 

30 April 2026

 

United Utilities Group PLC

 

("United Utilities" or the "Company")

 

Launch of Retail Offer

 

·      United Utilities announces a conditional retail offer of new
ordinary shares via RetailBook (https://www.retailbook.com/) ;

·      The issue price for the new ordinary shares will be equal to the
Placing Price (as defined below);

·      Investors can take part through RetailBook's partner network of
retail brokers, wealth managers and investment platforms (subject to such
partners' participation);

·      Applications for new ordinary shares through these partners can
be made from tax efficient savings vehicles such as ISAs or SIPPs, as well as
General Investment Accounts ("GIAs");

·      The Retail Offer is available to both existing shareholders and
new investors in the United Kingdom;

·      There is a minimum subscription of £250 per investor in the
Retail Offer;

·      No commission will be charged by RetailBook on applications to
the Retail Offer;

·      Brokers wishing to offer their customers access to the Retail
Offer and future RetailBook transactions, should
contact partners@retailbook.com (mailto:partners@retailbook.com) ;

·      UK Investors that wish to receive alerts for future RetailBook
transactions should sign up here: https://www.retailbook.com/investors
(https://www.retailbook.com/investors) .

 

 

The Retail Offer

 

 

United Utilities is pleased to announce a conditional retail offer of new
ordinary shares of 5 pence each in the capital of the Company ("Retail Offer
Shares") via RetailBook (the "Retail Offer").

 

As separately announced today, the Company is also conducting a
non-pre-emptive placing of new ordinary shares of 5 pence each (the "Placing
Shares") in the capital of the Company to both existing institutional
shareholders and new institutional investors (the "Placing") by way of an
accelerated bookbuilding process (the "Bookbuild"). The price at which the
Placing Shares are to be placed (the "Placing Price") will be determined at
the close of the Bookbuild. In addition to the Placing and the Retail Offer,
certain directors of the Company have agreed to, conditional on the Placing,
subscribe for new ordinary shares of 5 pence each in the Company (the
"Subscription Shares") (the "Subscription", together with the Placing and
Retail Offer, the "Equity Issue") as announced by the Company earlier today.
For the avoidance of doubt, the Retail Offer is not part of the Placing or
Subscription.

 

The issue price for the Retail Offer Shares, as well as the Subscription
Shares, will be equal to the Placing Price.

 

The Placing Shares, the Retail Offer Shares and the Subscription Shares will
be admitted to the Equity Shares (Commercial Companies) category of the
Official List of the Financial Conduct Authority (the "FCA") and an
application will be made for their admission to trading on the main
market for listed securities of London Stock Exchange plc
("Admission"). Admission and settlement of the Retail Offer Shares are
expected to take place on or before 8:00 a.m. on 5 May 2026. The Retail Offer
is conditional, among other things, upon Admission of the Placing Shares
becoming effective and not being terminated in accordance with its terms.

 

The Retail Offer will not be completed without the Placing also being
completed.

 

The Company will use the net proceeds of the Equity Issue to fully fund the
equity element of c.£2.5 billion of incremental investment for the AMP8
regulatory cycle (FY2025-2030).

 

Reason for the Retail Offer

 

The Company values its retail shareholder base and is therefore pleased to
provide retail investors the opportunity to participate in the Retail Offer.

 

The Retail Offer is open to eligible investors resident and physically located
in the United Kingdom following release of this announcement. The Retail
Offer is expected to close at the same time as the Placing and may close
earlier at the discretion of the Company.

 

Investors can participate through RetailBook's partner network of investment
platforms, retail brokers and wealth managers, subject to such partners'
participation. More information on RetailBook's partner network can be found
here: https://app.retailbook.com/offers/united-utilities-group-plc
(https://app.retailbook.com/offers/united-utilities-group-plc) .

 

Applications for Retail Offer Shares through participating partners can be
made from tax efficient savings vehicles such as ISAs or SIPPs, as well as
GIAs. Investors wishing to apply using their ISA, SIPP or GIA should contact
their investment platform, retail broker or wealth manager for details of
their terms and conditions, process and any relevant fees or charges.

 

The Retail Offer Shares will, when issued, be credited as fully paid and will
rank pari passu in all respects with existing ordinary shares including the
right to receive all dividends and other distributions declared, made or paid
after their date of issue. This includes the final dividend announced by the
Company today in respect of the year ended 31 March 2026.

 

Brokers wishing to offer their customers access to the Retail Offer and future
RetailBook transactions, should contact partners@retailbook.com
(mailto:partners@retailbook.com) . UK Investors that wish to receive alerts
for future RetailBook transactions should sign up here:
https://www.retailbook.com/investors (https://www.retailbook.com/investors) .
 

 

Eligibility for the Retail Offer

 

The Retail Offer is available to new investors and existing shareholders of
the Company in the United Kingdom. To be eligible to participate in the Retail
Offer, applicants must be a customer of a participating partner.

 

Eligible investors wishing to subscribe for Retail Offer Shares should contact
their investment platform, retail broker or wealth manager to confirm if they
are participating in the Retail Offer.

 

Some partners
may only accept applications from existing shareholders and/or existing customers.

 

There is a minimum subscription of £250 per investor. The terms and
conditions on which investors subscribe will be provided by the relevant
financial intermediaries including relevant commission or fee charges. Note,
no commission will be charged to investors by RetailBook in connection with
the Retail Offer.

 

The Company reserves the right to scale back any order under the Retail Offer
at its discretion. The Company reserves the right to reject any application
for subscription under the Retail Offer without giving any reason for such
rejection.

 

Investors should also note that the Retail Offer will remain open alongside a
live share price and the market price of the Retail Shares may be less than
the Issue Price.

 

The Retail Offer is not being made into any jurisdiction where it would be
unlawful to do so. In particular, the Retail Offer is being made only to
persons who at the time of any application or subscription for the Retail
Shares are physically located outside the United States, its territories and
possessions, any state of the United States and the District of Columbia (the
"United States") and are subscribing for the Retail Shares in an "offshore
transaction" as defined in, and in accordance with, Regulation S under the
U.S. Securities Act of 1933, as amended (the "Securities Act").

 

Investors should make their own investigations into the merits of an
investment in the Company. Nothing in this announcement amounts to a
recommendation to invest in the Company or amounts to investment, taxation or
legal advice.

 

It should be noted that a subscription for Retail Offer Shares and investment
in the Company carries a number of risks. Investors should take independent
advice from a person experienced in advising on investment in securities such
as the Retail Offer Shares if they are in any doubt.

 

An investment in the Company will place capital at risk. The value of your
investment in the Company and any income from it is not guaranteed and can go
down as well as rise due to stock market and currency movements. When you sell
your investment, you may get back less than the amount originally invested.

 

Neither past performance nor any forecasts should be considered a reliable
indicator of future results.

 

This announcement should be read in its entirety. In particular, the
information in the "Important Notices" section of the announcement should be
read and understood.

 

The person responsible for making this Announcement on behalf of the Company
is Simon Gardiner, General Counsel and Company Secretary.

LEI: 2138002IEYQAOC88ZJ59

For further information please contact:

Enquiries

 

 United Utilities Group PLC

 Chris Laybutt         Investor Relations and Clean Energy Strategy           +44 (0) 7769 556 858
 Director

 Jennifer Platt         Investor Relations Manager

                                                                            +44 (0) 7733 064 907

 RetailBook Limited                                                           c (mailto:capitalmarkets@retailbook.com) apitalmarkets

                                                                            (mailto:capitalmarkets@retailbook.com) @retailbook.com
                                                                              (mailto:capitalmarkets@retailbook.com)

 Nick Smith / James Deal

 

Further information on the Company can be found on its website at
https://www.unitedutilities.com/ (https://www.unitedutilities.com/) .

 

Important Notices

 

The contents of this announcement, which has been prepared by and is the sole
responsibility of the Company, have been approved by Retail Book Limited
("RetailBook") solely for the purposes of section 21(2)(b) of FSMA.

 

The Retail Offer is offered in the United Kingdom under an exemption from the
requirement to publish a prospectus contained in Schedule 1 of the Public
Offers and Admissions to Trading Regulations 2024 (the "POATR"). As such,
there is no need for publication of a prospectus pursuant to the FCA
Prospectus Rules: Admission to Trading on a Regulated Market Sourcebook (the
"PRM"), or for approval of the same by the FCA. The Retail Offer is not being
made into any jurisdiction other than the United Kingdom.

 

No offering document, prospectus or admission document has been or will be
prepared or submitted to be approved by the FCA (or any other authority) in
relation to the Retail Offer, and investors' commitments will be made solely
on the basis of the information contained in this announcement and information
that has been published by or on behalf of the Company prior to the date of
this announcement by notification to a Regulatory Information Service in
accordance with the FCA Disclosure Guidance and Transparency Rules and UK MAR.

 

This announcement is not for publication or distribution in or into the United
States.  This announcement is not an offer of securities for sale into the
United States. The securities referred to herein have not been and will not be
registered under the U.S. Securities Act, and may not be offered or sold in
the United States, except pursuant to an applicable exemption from, or in a
transaction not subject to, the registration requirements of the Securities
Act and in compliance with any applicable securities laws of any state or any
other jurisdiction of the United States. No public offering of securities is
being made in the United States.

 

The Retail Offer Shares are being offered and sold outside the United States
in "offshore transactions", as defined in, and in compliance with,
Regulation S under the US Securities Act.

 

The Equity Issue has not been approved, disapproved or recommended by the U.S.
Securities and Exchange Commission, any state securities commission or other
regulatory authority in the United States, nor have any of the foregoing
authorities passed upon or endorsed the merits of the Equity Issue, or the
accuracy or adequacy of this announcement. Any representation to the contrary
is a criminal offence in the United States.

 

This announcement and the information contained herein is not for release,
publication or distribution, directly or indirectly, in whole or in part, in
or into Australia, Canada, New Zealand, Japan, the Republic of South Africa,
any member state of the EEA or any other jurisdiction where to do so might
constitute a violation of the relevant laws or regulations of such
jurisdiction.

 

This announcement does not constitute an offer to sell or issue or a
solicitation of an offer to buy or subscribe for Retail Offer Shares in
Australia, Canada, New Zealand, Japan, the Republic of South Africa, any
member state of the EEA or any other jurisdiction in which such offer or
solicitation is or may be unlawful. No public offer of the securities referred
to herein is being made in any such jurisdiction and no investors in those
jurisdictions may participate in the Retail Offer.

 

The distribution of this announcement may be restricted by law in certain
jurisdictions and persons into whose possession any document or other
information referred to herein comes should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.

 

RetailBook is a proprietary technology platform owned and operated by Retail
Book Limited (registered address at 10 Queen Street Place, London EC4R 1AG).
Retail Book Limited is authorised and regulated in the United Kingdom by the
FCA (FRN 994238).

 

The value of ordinary shares and the income from them is not guaranteed and
can fall as well as rise due to stock market movements. When you sell your
investment, you may get back less than you originally invested. Figures refer
to past performance and past performance is not a reliable indicator of future
results. Returns may increase or decrease as a result of currency
fluctuations.

 

Certain statements in this announcement are forward-looking statements which
are based on the Company's expectations, intentions and projections regarding
its future performance, anticipated events or trends and other matters that
are not historical facts. These forward-looking statements, which may use
words such as "aim", "anticipate", "believe", "intend", "estimate", "expect"
and words of similar meaning, include all matters that are not historical
facts. These forward-looking statements involve risks, assumptions and
uncertainties that could cause the actual results of operations, financial
condition, liquidity and dividend policy and the development of the industries
in which the Company's businesses operate to differ materially from the
impression created by the forward-looking statements. These statements are not
guarantees of future performance and are subject to known and unknown risks,
uncertainties and other factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking statements.
Given those risks and uncertainties, prospective investors are cautioned not
to place undue reliance on forward-looking statements.

 

These forward-looking statements speak only as at the date of this
announcement and cannot be relied upon as a guide to future performance. The
Company and Retail Book expressly disclaim any obligation or undertaking to
update or revise any forward-looking statements contained herein to reflect
actual results or any change in the assumptions, conditions or circumstances
on which any such statements are based unless required to do so by the FCA,
the London Stock Exchange or applicable law.

 

The information in this announcement is for background purposes only and does
not purport to be full or complete. None of RetailBook or any of its
affiliates, accepts any responsibility or liability whatsoever for, or makes
any representation or warranty, express or implied, as to this announcement,
including the truth, accuracy or completeness of the information in this
announcement (or whether any information has been omitted from the
announcement) or any other information relating to the Company or associated
companies, whether written, oral or in a visual or electronic form, and
howsoever transmitted or made available or for any loss howsoever arising from
any use of the announcement or its contents or otherwise arising in connection
therewith. RetailBook and its affiliates, accordingly disclaim all and any
liability whether arising in tort, contract or otherwise which they might
otherwise be found to have in respect of this announcement or its contents or
otherwise arising in connection therewith.

 

No statement in this announcement is intended to be a profit forecast and no
statement in this announcement should be interpreted to mean that earnings or
target dividend per share of the Company for the current or future financial
years would necessarily match or exceed the historical published earnings or
dividends per share of the Company.

 

Neither the content of the Company's website (or any other website) nor the
content of any website accessible from hyperlinks on the Company's website (or
any other website) is incorporated into or forms part of this announcement.
The Retail Offer Shares to be issued or sold pursuant to the Retail Offer will
not be admitted to trading on any stock exchange other than the London Stock
Exchange.

 

No other documents or materials are incorporated into, or form part of this
financial promotion and RetailBook has not carried out any verification or due
diligence in respect of any such other documents.

 

 

 

END

 

 

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