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Pennon Group PLC (PNN)

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Thursday 23 December, 2010

Pennon Group PLC

Holding(s) in Company

RNS Number : 5587Y
Pennon Group PLC
23 December 2010
 

 

 

PENNON GROUP PLC

 

FOR IMMEDIATE RELEASE

 

HOLDING IN COMPANY

 

NOTIFICATION OF MAJOR INTERESTS IN SHARES

 

1.     Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

 

        PENNON GROUP PLC

 

2.     Reason for the notification

 

        Disposal of voting rights taking Legal & General Group Plc (Group) and Legal & General Investment Management Limited (LGIM) holdings to below 5%.  Disclosure required as both the Group and LGIM's holding are now below 5%.

 

3.     Full name of person(s) subject to the notification obligation

       

        Legal & General Group Plc and Legal & General Investment Management Limited.

 

4.     Full name of shareholder(s)

 

        Legal & General Assurance (Pensions Management) Limited (PMC)

        Legal & General Group Plc (L&G)

 

5.     Date of the transaction (and date on which the threshold is crossed or reached if different)

 

        21 December 2010

 

6.     Date on which issuer notified:

 

        22 December 2010

 

7.     Threshold(s) that is/are crossed or reached:    Group below 5% and LGIM's below 5%.

 

8.     Notified details:  

 

A:    Voting rights attached to shares

 

Class/type of shares if possible using the ISIN CODE

Situation previous to the Triggering transaction



Number of shares

Number of voting Rights

ORD GBP 0.407

19,940,320 *

19,940,320 *

 

*Holding as at 14/12/2010

 

Resulting situation after the triggering transaction

 

Class/type of shares if possible using the ISIN CODE

Number of shares

Number of voting rights (ix)

% of voting rights




Indirect (xi)

Direct

Indirect

Holdings reduced to below

 5%





 

B:    Financial Instruments

        Resulting situation after the triggering transaction

 

Type of financial instrument


Expiration Date




Exercise/Conversion Period/ Date



Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights




 

-

 

-

 

-

 

-


 

C:    Financial Instruments with similar economic effect to Qualifying Financial Instruments
        Resulting situation after the triggering transaction         

 

Type of financial instrument

Exercise Price

Expiration Date

Exercise / Conversion period

Number of voting rights Instrument refers to

% of voting rights

 

Eg CFD






 

Total (A+B+C)

 

Number of voting rights

% of voting rights

Now below 5%


9.     Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable

 

Legal & General Group Plc (Direct and Indirect) (Group) (total position below 5%), Legal & General Investment Management (Holdings) Limited (Direct and Indirect) (total position below 5%), Legal & General Investment Management Limited (Indirect) (total position below 5%).

 

Legal & General Group Plc (Direct holding) (15,831,272 - 4.43% = LGAS, LGPL & PMC)

 

Legal & General Investment Management (Holdings) Limited (Direct) (LGIMHD) (10,850,126 - 3.03% = PMC)

 

Legal & General Insurance Holdings Limited (Direct) (LGIH)

 

Legal & General Assurance (Pensions Management) Limited (PMC) (10,850,126 - 3.03% = PMC)

 

Legal & General Assurance Society Limited (LGAS & LGPL)

 


Legal & General Pensions Limited (Direct) (LGPL)

 

Proxy Voting:

 

10. Name of the proxy holder:

 

  N/A

 

11.  Number of voting rights proxy holder will cease to hold:

 

        N/A

 

12. Date on which proxy holder will cease to hold voting rights:

 

        N/A

 

13. Additional information:

Notification using the total voting rights figure of 356,938,736.

 

A:    Identity of the person or legal entity subject to the notification obligation

 

Full name (including legal form for legal entities):

 

                Pennon Group Plc

 

Contact address (registered office for legal entities):

 

Peninsula House, Rydon Lane, Exeter, Devon, EX2 7HR

 

Contact name    Richard Zmuda - Assistant Company Secretary

 

Phone number   01392 443517

 

23 December 2010

 

www.pennon-group.co.uk


This information is provided by RNS
The company news service from the London Stock Exchange
 
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