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RNS Number : 4707Z
Pennon Group PLC
18 September 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION OUTSIDE
OF THE UNITED KINGDOM, INCLUDING BUT NOT LIMITED TO THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN, SWITZERLAND, NEW ZEALAND AND THE
REPUBLIC OF SOUTH AFRICA.
18 September 2020
Pennon Group Plc
Publication of Prospectus - WaterShare+ Scheme
Pennon Group Plc ("Pennon") is pleased to announce that South
West Water ("SWW") has launched its unique customer scheme,
WaterShare+ (the "WaterShare+ Scheme").
The WaterShare+ Scheme has been developed in direct response to
feedback from SWW's customers and will see GBP20 million being
given to customers. The WaterShare+ Scheme was approved by
shareholders at Pennon's AGM on 31 July 2020.
Through the WaterShare+ Scheme customers will be able to benefit
to the value of GBP20. Certain customers may be able to have the
option choosing a minimum of GBP20 in Pennon shares.
A Prospectus has been produced in connection with the
WaterShare+ Scheme Offer which has now been approved by the
Financial Conduct Authority (the "FCA"). The Prospectus sets out
the details of the WaterShare+ Scheme Offer and will shortly be
available on Pennon's website at
www.pennon-group.co.uk/investor-information/watershare .
Further details, including information required to apply for the
WaterShare+ Scheme Offer, will be posted to Eligible Customers (as
defined in the Prospectus) from the 21 September 2020.
A copy of the Prospectus has also been submitted to the National
Storage Mechanism and will be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
For further information, please contact:
+44 (0)1392 443
Pennon Group plc 168
Paul Boote Group Finance Director
Jennifer Cooke Group Investor Relations Manager
+44 (0)207 251
Media Enquiries 3801
James Murgatroyd Finsbury
Harry Worthington
Important Legal Information
This announcement is an advertisement and not a prospectus for
the purposes of the Prospectus Rules of the FCA and is not an offer
to sell, or a solicitation of an offer to subscribe for or to
acquire, securities in or into the United States or in any other
jurisdiction, including in or into any Restricted Jurisdiction (as
defined in the Prospectus). Neither this announcement nor anything
contained herein shall form the basis of, or be relied upon in
connection with, any offer or commitment whatsoever in any
jurisdiction. No persons should accept the offer for the Existing
Ordinary Shares referred to in this announcement except solely on
the basis of the information contained in a prospectus in its final
form (together with any supplementary prospectus, if relevant, the
"Prospectus") published by Pennon in connection with the proposed
offer of Existing Ordinary Shares in Pennon as part of the
WaterShare+ Scheme, including the risk factors set out in the
Prospectus.
The information contained in this announcement is for background
purposes only and does not purport to be full or complete. No
reliance may be placed for any purpose on the information contained
in this announcement or its accuracy, fairness or completeness.
Neither this announcement nor the information contained herein
is for publication, distribution or release, in whole or in part,
directly or indirectly, in or into or from the United States
(including its territories and possessions, any State of the United
States and the District of Columbia), any Restricted Jurisdiction
or to any persons in any of those jurisdictions or any other
jurisdictions where to do so would be unlawful or would require
registration or other measures.
The Existing Ordinary Shares referred to herein have not been,
and will not be, registered under the US Securities Act of 1933, as
amended (the "Securities Act") or any relevant securities laws of
any state or other jurisdiction of the United States and may not be
offered, sold, taken up, exercised, resold, renounced, transferred
or delivered, directly or indirectly, within the United States.
The Existing Ordinary Shares have not been and will not be
registered under the applicable securities laws of any of the
Restricted Jurisdictions and, and may not be offered or sold within
any Restricted Jurisdiction or to any national, resident or citizen
of any Restricted Jurisdiction. Neither this announcement nor any
copy of it may be taken or transmitted, directly or indirectly,
into the United States (including its territories and possessions),
any Restricted Jurisdiction, or to any persons in any of those
jurisdictions or any other jurisdictions where to do so would
constitute a violation of the relevant securities laws or
regulations of such jurisdiction. Any failure to comply with the
foregoing restrictions may constitute a violation of the securities
laws of the United States, or any Restricted Jurisdiction. The
WaterShare+ Scheme Offer and the publication or distribution of
this announcement and other information in connection with the
WaterShare+ Scheme Offer in other jurisdictions may be restricted
by law and persons into whose possession any document or other
information referred to herein comes should inform themselves
about, and observe, any such restrictions. Any failure to comply
with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.
This announcement does not constitute an offer or invitation to
participate in the WaterShare+ Scheme Offer in any jurisdiction,
nor does it purport to give legal, tax or financial advice. Nothing
contained herein shall form the basis of or be relied upon in
connection with, or act as an inducement to enter into, any
investment activity. The information, statements and opinions
contained in this announcement do not constitute a public offer
under any applicable legislation or an offer to sell, or a
solicitation of an offer to buy, any shares in and are not for
release, publication or distribution (directly or indirectly) in or
into the United States, any Restricted Jurisdiction or any other
jurisdiction where such distribution or offer is unlawful.
This announcement does not constitute a recommendation
concerning the WaterShare+ Scheme Offer. The price and value of the
shares can decrease as well as increase. Potential investors should
consult a professional advisor as to the suitability of the
WaterShare+ Scheme Offer for the person concerned. You should not
base your financial decision on this announcement.
The WaterShare+ Scheme Offer timetable may be subject to change.
Pennon may decide not to go ahead with the WaterShare+ Scheme
Offer. You should not base your financial decisions on Pennon's
intentions in relation to the WaterShare+ Scheme Offer at this
stage. Acquiring investments to which this announcement relates may
expose an investor to a significant risk of losing all of the
amount invested.
Pennon is not under an obligation to update, revise or keep
current the information contained in this announcement and the
information in this announcement is subject to change without
notice.
Pennon, its affiliated undertakings, nor any of their respective
parent or subsidiary undertakings, or the subsidiary undertakings
of any such parent undertakings, or any of such persons' respective
partners, directors, officers, employees, agents, affiliates,
advisers or agents accepts any responsibility, obligation or
liability whatsoever for, or makes any representation or warranty,
express or implied, as to, and no reliance should be placed on, the
fairness, truth, fullness, accuracy, completeness or correctness
of, the information in this announcement or whether any information
has been omitted from the announcement or as to any other
information relating to Pennon or its affiliates, whether written,
oral or in a visual or electronic form, and howsoever transmitted
or made available or for any loss howsoever arising from any use of
this announcement, its contents or otherwise arising in connection
therewith.
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END
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