Holding(s) in Company

RNS Number : 6934X

Pennon Group PLC

21 November 2014

 

PENNON GROUP PLC

FOR IMMEDIATE RELEASE

HOLDING IN COMPANY

NOTIFICATION OF MAJOR INTERESTS IN SHARES

1.     Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

       PENNON GROUP PLC (PNN LN)

2.     Reason for the notification

        Acquisition of voting rights (although reduction in overall % of voting rights due to the increase in the issued share capital of Pennon Group Plc since the previous TR1 notification by RARE Infrastructure Limited).

3.     Full name of person(s) subject to the notification obligation

        RARE Infrastructure Limited

4.     Full name of shareholder(s)

        As detailed in point 3 above  

5.     Date of the transaction (and date on which the threshold is crossed or reached if different)

        14 November 2014

6.     Date on which issuer notified:

        18 November 2014

7.     Threshold(s) that is crossed:  below 5% threshold

8.     Notified details:  

A:    Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE	Situation previous to the Triggering transaction
	Number of shares	Number of voting Rights
GB00B18V8630 (This represented 5.0204% of voting rights as at the last TR1 notification made on 22 May 2013. At this date the issued share capital of Pennon Group Plc was 365,016,955)	18,325,407	18,325,407

Resulting situation after the triggering transaction

Class/type of shares if possible using the ISIN CODE	Number of shares	Number of voting rights (ix)		% of voting rights
			Indirect (xi)	Direct	Indirect
GB00B18V8630	18,325,407		19,366,782	4.8579%

(The issued share capital in relation to this notification is 398,664,083. Although the holding has increased from 18,325,407 to 19,366,782, due to the increase in the issued share capital since the last TR1 notification (May 2013) the overall % of total voting rights has reduced from 5.0204% to 4.8579%).

B:    Financial Instruments

        Resulting situation after the triggering transaction

Type of financial instrument	Expiration Date	Exercise/Conversion Period/ Date	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
-	-	-	-	-

C:    Financial Instruments with similar economic effect to Qualifying Financial Instruments
        Resulting situation after the triggering transaction         

Type of financial instrument	Exercise Price	Expiration Date	Exercise / Conversion period	Number of voting rights Instrument refers to	% of voting rights
-	-	-	-	-	-

Total (A+B+C)

Number of voting rights	% of voting rights
19,366,782	4.8579%

9.     Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

        N/A 

Proxy Voting:

10. Name of the proxy holder:

        RARE Infrastructure Limited

11.  Number of voting rights proxy holder will cease to hold:

        N/A

12. Date on which proxy holder will cease to hold voting rights:

        N/A

13. Additional information: None

A:    Identity of the person or legal entity subject to the notification obligation

Full name (including legal form for legal entities):

                Pennon Group Plc

Contact address (registered office for legal entities):

Peninsula House, Rydon Lane, Exeter, Devon, EX2 7HR

Contact name    Richard Zmuda - Assistant Company Secretary

Phone number   01392 - 443517

21 November 2014

www.pennon-group.co.uk

 

END

 

 

HOLMMMZMMMLGDZM