RNS Number : 5255C
Pennon Group PLC
08 February 2024
 

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

 

STEVEN BUCK

2

Reason for the notification

 

a)

Position/status

 

GROUP CHIEF FINANCIAL 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 61.05p EACH

 

 

GB00BNNTLN49

b)

Nature of the transaction

 

As part of Mr Buck's joining arrangements, a conditional award of shares pursuant to the Pennon Group Long Term Incentive Plan has been awarded. Full details will be disclosed in the Annual Report and Accounts 2024.

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.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£7.142

98,711

d)

Aggregated information

 

- Volume

 

- Price

 

 

N/A

 

 

 

e)

Date of the transaction

 

08 February 2024

f)

Place of the transaction

 

Outside a trading venue

 

Name of authorised official of issuer responsible for making notification

ANDREW GARARD, GROUP GENERAL COUNSEL AND COMPANY SECRETARY

Date of notification 08 February 2024

 

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