Director/PDMR Shareholding

RNS Number : 9021D

Pennon Group PLC

01 July 2021

 

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	Susan Jane Davy
2	Reason for the notification
a)	Position/status	Group Chief Executive Officer
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	Conditional award of shares pursuant to the Pennon Group Long Term Incentive Plan. The award vests after a period of three years dependent upon the satisfaction of specified performance criteria and other terms in accordance with the plan. A further holding period of two years also applies. Awards will not accrue any entitlement to the special dividend due for payment on 16 July 2021. Therefore, in order to keep participants whole, the number of shares under award will not be subject to the associated share consolidation.
c)	Price(s) and volume(s)	Price(s) Volume(s) 1140.8p 62,456
d)	Aggregated information - Volume - Price - Total	62,456 £11.408 £712,500
e)	Date of the transaction	1 July 2021
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Paul Michael Boote
2	Reason for the notification
a)	Position/status	Group Finance Director
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	Conditional award of shares pursuant to the Pennon Group Long Term Incentive Plan. The award vests after a period of three years dependent upon the satisfaction of specified performance criteria and other terms in accordance with the plan. A further holding period of two years also applies. Awards will not accrue any entitlement to the special dividend due for payment on 16 July 2021. Therefore, in order to keep participants whole, the number of shares under award will not be subject to the associated share consolidation.
c)	Price(s) and volume(s)	Price(s) Volume(s) 1140.8p 39,446
d)	Aggregated information - Volume - Price - Total	39,446 £11.408 £450,000
e)	Date of the transaction	1 July 2021
f)	Place of the transaction	London Stock Exchange (XLON)

Name of authorised official of issuer responsible for making notification Steve Hornbuckle, Interim Company Secretary Date of notification 1 July 2021

 

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