Pennon Group PLC Director/PDMR Shareholding (3867Z)
December 14 2017 - 6:58AM
UK Regulatory
TIDMPNN
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.
Details of the person discharging managerial
1 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 ORDINARY SHARES OF 40.7p
financial instrument, EACH
type of instrument
Identification code 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)
------------- ----------
GBP7.5829p* 2,884
------------- ----------
------ -------------------------------------------------- ----------------------------------
d) Aggregated information
- Volume 2,884 SHARES (gross)
- Price GBP7.5829p*
- Total GBP21,869.08 (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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