Pennon Group PLC Director/PDMR Shareholding (1164Q)
07 September 2017 - 8:01PM
UK Regulatory
TIDMPNN
RNS Number : 1164Q
Pennon Group PLC
07 September 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 STEPHEN CHARLES BIRD
--- ------------------------------- ---------------------------------
2 Reason for the notification
--- ------------------------------------------------------------------
a) Position/status MANAGING DIRECTOR, SOUTH
WEST WATER
--- ------------------------------- ---------------------------------
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 ORDINARY SHARES OF 40.7p
financial instrument, EACH
type of instrument
Identification code GB00B18V8630
--- ------------------------------- ---------------------------------
b) Nature of the transaction GROSS VESTING AT THE
OF THE 3 YEAR RESTRICTED
PERIOD OF 20.4% OF THE
AWARD MADE BY THE ISSUER
IN july 2014 UNDER THE
PERFORMANCE AND CO-INVESTMENT
PLAN. THE REMAINING 79.6%
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
DIVIDS 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)
---------- ----------
806.84p* 4,073
---------- ----------
--- ------------------------------- ---------------------------------
d) Aggregated information
- Volume 4,073 SHARES
- Price GBP8.0684*
- Total GBP32,862.59
* vesting / sale price
--- ------------------------------- ---------------------------------
e) Date of the transaction 6 SEPTEMBER 2017
--- ------------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange
(XLON)
--- ------------------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
--- ------------------------------------------------------------------
a) Name CHRISTOPHER LOUGHLIN
--- ------------------------------- ---------------------------------
2 Reason for the notification
--- ------------------------------------------------------------------
a) Position/status GROUP CHIEF EXECUTIVE
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 ORDINARY SHARES OF 40.7p
financial instrument, EACH
type of instrument
Identification code GB00B18V8630
--- ------------------------------- ---------------------------------
b) Nature of the transaction GROSS VESTING AT THE
OF THE 3 YEAR RESTRICTED
PERIOD OF 20.4% OF THE
AWARD MADE BY THE ISSUER
IN july 2014 UNDER THE
PERFORMANCE AND CO-INVESTMENT
PLAN. THE REMAINING 79.6%
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
DIVIDS 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)
---------- ----------
806.84p* 11,437
---------- ----------
--- ------------------------------- ---------------------------------
d) Aggregated information
- Volume 11,437 SHARES
- Price GBP8.0684p*
- Total GBP92,278.29
* vesting / sale price
--- ------------------------------- ---------------------------------
e) Date of the transaction 6 SEPTEMBER 2017
--- ------------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange
(XLON)
--- ------------------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
--- ------------------------------------------------------------------
a) Name SUSAN JANE DAVY
--- ------------------------------- ---------------------------------
2 Reason for the notification
--- ------------------------------------------------------------------
a) Position/status 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 ORDINARY SHARES OF 40.7p
financial instrument, EACH
type of instrument
Identification code GB00B18V8630
--- ------------------------------- ---------------------------------
b) Nature of the transaction GROSS VESTING AT THE END
OF THE 3 YEAR RESTRICTED
PERIOD OF 20.4% OF THE
AWARD MADE BY THE ISSUER
IN july 2014 UNDER THE
PERFORMANCE AND CO-INVESTMENT
PLAN. THE REMAINING 79.6%
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)
---------- ----------
806.84p* 4,222
---------- ----------
--- ------------------------------- ---------------------------------
d) Aggregated information
- Volume 4,222 SHARES
- Price GBP8.0684p*
- Total GBP34,064.78
* vesting / sale price
--- ------------------------------- ---------------------------------
e) Date of the transaction 6 SEPTEMBER 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 7 SEPTEMBER 2017
--------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
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