Director/PDMR Shareholding

RNS Number : 9717R

Pennon Group PLC

15 December 2016

 

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 2 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) £7.9258p* 1,810
d)	Aggregated information - Volume - Price - Total	1,810 SHARES (gross) £7.9258p* £14,345.70 (gross) * vesting / sale price
e)	Date of the transaction	14 December 2016
f)	Place of the transaction	London Stock Exchange (XLON)
Name of authorised official of issuer responsible for making notification KAREN SENIOR, ASSISTANT COMPANY SECRETARY Date of notification    15 December 2016

 

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