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Pennon Group PLC (PNN)

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Wednesday 08 February, 2012

Pennon Group PLC

Holding(s) in Company

RNS Number : 0613X
Pennon Group PLC
08 February 2012
 

 

 

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

 

        Acquisition of voting rights.

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

       

        The Goldman Sachs Group, Inc.

 

4.     Full name of shareholder(s)

 

        Goldman Sachs International / Goldman Sachs Group, L.P

               

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

 

        03 February 2012

 

6.     Date on which issuer notified:

 

        07 February 2012

 

7.     Threshold(s) that is crossed:   3%

 

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

GB00B18V8630

Below 3%





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

 

GB00B18V8630

13,652,393


13,652,393


3.79%

 

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

 

Equity Linked Note

(Cash Settled)

 

 

6.425

 

31/12/15

 

On or before 31/12/15

 

1,439,737

 

0.40%

 

Total (A+B+C)

 

Number of voting rights

% of voting rights

15,092,130

4.19%

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

 

        The interest in 13,652,393 shares arose from a beneficial interest held by Goldman Sachs International, an indirect subsidiary of The Goldman Sachs Group, Inc. These shares are, or will be, registered at CREST in account CREPTEMP.

 

        The interest in 1,439,737 shares arose from a cash settled financial instrument held by Goldman Sachs Group, L.P, a subsidiary of Goldman Sachs Group, Inc. relating to underlying shares to the Issuer.   

 

 

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:

 

        General email contact for Goldman Sachs: shareholderdisclosures@gs.com

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

 

8 February 2012

 

www.pennon-group.co.uk


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