TIDMPNN

RNS Number : 0973I

Pennon Group PLC

06 August 2019

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                              SIMON ANTHONY FOLLETT PUGSLEY 
     --------------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position/status                   GROUP GENERAL COUNSEL AND COMPANY 
                                         SECRETARY 
     --------------------------------  ------------------------------------------ 
 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      ORDINARY SHARES OF 40.7p EACH 
       instrument, type of instrument 
 
       Identification code               GB00B18V8630 
     --------------------------------  ------------------------------------------ 
 b)   Nature of the transaction         GROSS VESTING AT THE END OF THE 
                                         3 YEAR RESTRICTED PERIOD OF 32% 
                                         OF THE AWARD MADE BY THE ISSUER 
                                         IN july 2016 UNDER THE PERFORMANCE 
                                         AND CO-INVESTMENT PLAN. THE REMAINING 
                                         68% HAS LAPSED. THE VESTING LEVEL 
                                         REFLECTS PERFORMANCE AGAINST TWO 
                                         TOTAL SHAREHOLDER RETURN CONDITIONS 
                                         (TSR) PLUS SATISFACTION WITH AN 
                                         UNDERPIN CONDITION RELATING TO 
                                         THE OPERATIONAL AND ECONOMIC PERFORMANCE 
                                         OF THE COMPANY. SHARES EQUIVALENT 
                                         TO ACCRUED DIVIDENDS HAVE BEEN 
                                         INCLUDED, IN ACCORDANCE WITH THE 
                                         RULES OF THE PLAN. A PROPORTION 
                                         OF THE VESTING SHARES HAVE BEEN 
                                         SOLD TO MEET THE INCOME AND N.I. 
                                         LIABILITIES OF THE PDMR/DIRECTOR 
                                         ARISING FROM THE VESTING. 
     --------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          727.00p*    2,133 
                                                     ---------- 
     --------------------------------  ------------------------------------------ 
 d)   Aggregated information 
 
       - Volume                           2,133 SHARES 
 
       - Price                            GBP7.27* 
 
       - Total                            GBP15,506.91 
 
                                          * vesting / sale price 
     --------------------------------  ------------------------------------------ 
 e)   Date of the transaction           2 AUGUST 2019 
     --------------------------------  ------------------------------------------ 
 f)   Place of the transaction          London Stock Exchange (XLON) 
     --------------------------------  ------------------------------------------ 
 
 
 Name of authorised official of issuer responsible for making 
  notification 
  KAREN SENIOR, DEPUTY COMPANY SECRETARY 
  Date of notification 6 AUGUST 2019

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END

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August 06, 2019 06:00 ET (10:00 GMT)

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