PNN Pennon Group Plc

TIDMPNN

RNS Number : 3710X

Pennon Group PLC

20 February 2017

PENNON GROUP PLC

FOR IMMEDIATE RELEASE

SCRIP DIVIDEND ALTERNATIVE - DOCUMENTS AVAILABLE FOR INSPECTION

Pennon Group Plc (the "Company") announces that the following documents have been submitted electronically to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM

SCRIP DIVIDEND ALTERNATIVE BOOKLET - TERMS & CONDITIONS

CHAIRMAN'S EXPLANATORY LETTER

SCRIP DIVIDEND ALTERNATIVE FORM OF MANDATE APPLICATION FORM

The documents may also be viewed on the Company's website at

www.pennon-group.co.uk

SCRIP REFERENCE PRICE

The scrip reference price for the fully paid ordinary shares to be issued to shareholders electing to receive the scrip dividend alternative for the interim dividend for the year ending 31 March 2017, payable on 4 April 2017, will be 792.9p.

The scrip reference price is calculated by taking the average of the middle market quotations for the Company's ordinary shares for the day on which they are quoted ex-dividend and the four subsequent business days. In respect of the interim dividend for the year ending 31 March 2017, this was the period 2 February 2017 to 8 February 2017.

The scrip dividend alternative timetable for the interim dividend for the year ending 31 March 2017 is as follows:

 
 Ex-dividend date         2 February 2017 
-----------------------  ------------------- 
 Record date              3 February 2017 
-----------------------  ------------------- 
 Scrip reference price    2 February 2017 to 
  calculation period       8 February 2017. 
-----------------------  ------------------- 
 Last date for receipt    13 March 2017 
  of scrip elections 
-----------------------  ------------------- 
 Dividend payment/Scrip   4 April 2017 
  issue date 
-----------------------  ------------------- 
 

20 February 2017

www.pennon-group.co.uk

End transmission

This information is provided by RNS

The company news service from the London Stock Exchange

END

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