Pennon Group PLC Additional Listing (2679S)
07 Julio 2020 - 4:58AM
UK Regulatory
TIDMPNN
RNS Number : 2679S
Pennon Group PLC
07 July 2020
PENNON GROUP PLC
FOR IMMEDIATE RELEASE
APPLICATION FOR ADDITIONAL LISTING
Application has been made to the Financial Conduct Authority for
the admission of 297,283 ordinary shares of 40.7 pence each in
Pennon Group plc to the Official List and to the London Stock
Exchange for these securities to be admitted to trading.
The application is being made in respect of issuing shares to
executive management upon the early vesting and release of
long-term incentives under the terms of the Company's Long-term
Incentive Plan (LTIP) and Performance and Co-investment Plan (PCP)
(the 'Plans'), as a result of the sale of the Company's waste
management business, Viridor. The shares will be allotted and
issued to the Plans' trustee, Apex Corporate Trustees (UK) Limited
upon admission and then transferred to the LTIP participants.
Admission is expected to be effective from 8 July 2020.
7 July 2020
www.pennon-group.co.uk
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END
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