Annual Financial Report

RNS Number : 5544O

Pennon Group PLC

30 June 2010

 

PENNON GROUP PLC - Annual Report and Annual General Meeting

The Company has today published the following documents on its website

www.pennon-group.co.uk

         Annual Report and Accounts 2010

         Notice of Annual General Meeting

         Form of Proxy

In accordance with the Listing Rules, two copies of the above documents have also

been submitted to the UK Listing Authority, and will shortly be available for

inspection (normally 6 hours after this announcement has been made) at the UK

Listing Authority's Document Viewing Facility, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

LONDON

E14 5HS

Tel: [phone]

In accordance with the Disclosure and Transparency Rules (DTR), the Company has also submitted to the UK Listing Authority two copies of its Articles of Association showing the amendments to be proposed at its 2010 Annual General Meeting.  This document will also shortly be available for inspection at the UK Listing Authority's Document Viewing Facility.  

The Company will hold its 2010 Annual General Meeting at  Sandy Park Conference Centre, Sandy Park Way, Exeter, Devon EX2 7NN on Thursday 29 July 2010 at

11.00 a.m.

The following information in the Appendix to this announcement is provided for the purposes of compliance with DTR 6.3.5 and is as set out in the Company's Annual Report and Accounts 2010.  It should be read in conjunction with the Company's Preliminary Results announcement released on 25 May 2010 which included a set of consolidated financial statements, a fair review of the development and performance of the business and the position of the Company and its two main trading subsidiary companies (South West Water Limited and Viridor Limited) and a description of the principal risks and uncertainties that could impact the Group's performance.  Together these constitute the information required by DTR 6.3.5 to be communicated to the media in full unedited text.

Appendix

Directors' Responsibilities Statement

The Directors are responsible for preparing the Annual Report, the Directors'

Remuneration Report and the financial statements in accordance with applicable law

and regulations.

Company law requires the Directors to prepare financial statements for each financial

year. Under that law the Directors have prepared the Group and Company financial

statements in accordance with International Financial Reporting Standards (IFRS) as

adopted by the European Union. The financial statements are required by law to give a true and fair view of the state of affairs of the Group and the Company and of their profits and cash flows for the year.

In preparing these financial statements the Directors are required to:

• select suitable accounting policies and then apply them consistently

• make judgements and estimates which are reasonable and prudent

• state that the financial statements comply with IFRS as adopted by the European

Union.

The Directors confirm that they have complied with the above requirements in

preparing the financial statements.

The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Group and the Company and to enable them to ensure that the financial statements and the Directors' Remuneration Report comply with the Companies Act 2006 and, as regards the Group financial statements, article 4 of the International Accounting

Standards (IAS) Regulation. They are also responsible for safeguarding the assets of

the Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

30 June 2010

www.pennon-group.co.uk

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