PR19 Business Plan Submission to Ofwat

RNS Number : 4917Z

Pennon Group PLC

03 September 2018

 

03 September 2018

PENNON GROUP PLC

PR19 Business Plan Submission to Ofwat

Pennon Group's subsidiary, South West Water Limited, has today submitted to Ofwat its Business Plan for the next five-year period, 2020-2025.

Details of the Business Plan and an Investor Summary can be found on the Pennon website through the following link:

https://www.pennon-group.co.uk/investor-information/price-review-2019-pr19

A webcast will be held on Thursday 6 September at 10am to provide an overview of South West Water's PR19 Business Plan.

This webcast can be accessed through the following link:

https://webcasts.eqs.com/pennon20180906.

An on-demand replay will be available at the same link shortly following the presentation.

A conference call facility is also available. Dial-in details:

UK toll free: 0800 358 6377

UK local: [phone]

Access Pin: 3966460

For further information, please contact:

Pennon:           Susan Davy - Chief Financial Officer               
                        Steve Hodges - Investor Relations Manager
                        01392 443 046

Finsbury:         James Murgatroyd
                        Faeth Birch
                        0207 251 3801

Cautionary statement in respect of forward-looking statements

Certain statements in this announcement are forward-looking statements relating to the Group's operations, performance and financial position based on current expectations of, and assumptions and forecasts made by, management. They are subject to a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of the Group to differ materially from any outcomes or results expressed or implied by such forward-looking statements. The Group's principal risks were described in the 2018 Pennon Group Annual Report which can be viewed online at http://annualreport.pennon-group.co.uk/. Such forward looking statements should therefore be construed in light of such risks, uncertainties and other factors and undue reliance should not be placed on them. They are made only as of the date of this announcement and no representation, assurance, guarantee or warranty is given in relation to them including as to their accuracy, completeness, or the basis on which they are made. No obligation is accepted to publicly revise or update these forward-looking statements or adjust them as a result of new information or for future events or developments, except to the extent legally required. Nothing in this Statement should be construed as a profit forecast.

 

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