Pennon Group PLC

Director's Dealing • Dec 14, 2017

National Storage Mechanism | Additional information

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RNS Number : 3867Z

Pennon Group PLC

14 December 2017

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

PAUL MICHAEL RINGHAM

2

Reason for the notification

a)

Position/status

COMMERCIAL DIRECTOR, VIRIDOR

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 40.7p EACH

GB00B18V8630

b)

Nature of the transaction

GROSS VESTING OF SHARES PURSUANT TO THE PENNON GROUP ANNUAL INCENTIVE BONUS PLAN - DEFERRED ELEMENT (THE 'PLAN') FOLLOWING THE END OF THE 3 YEAR RESTRICTED PERIOD.  SHARES EQUIVALENT TO ACCRUED DIVIDENDS HAVE BEEN INCLUDED, IN ACCORDANCE WITH THE CONDITIONS OF THE PLAN. A PROPORTION OF THE VESTED SHARES HAVE BEEN SOLD BY THE SHARE PLANS TRUSTEE TO MEET THE INCOME TAX AND NATIONAL INSURANCE LIABILITIES OF THE PERSON NAMED IN 1(a) ABOVE.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£7.5829p*	2,884

d)

Aggregated information

- Volume

- Price

- Total

2,884 SHARES (gross)

£7.5829p*

£21,869.08 (gross)

* vesting / sale price

e)

Date of the transaction

14 December 2017

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    14 December 2017

This information is provided by RNS

The company news service from the London Stock Exchange

END

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