Director/PDMR Shareholding

RNS Number : 7156F

Pennon Group PLC

29 July 2016

 

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. 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	STEPHEN CHARLES BIRD
2	Reason for the notification
a)	Position/status	MANAGING DIRECTOR, SOUTH WEST WATER
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 financial instrument, type of instrument Identification code	ORDINARY SHARES OF 40.7p EACH GB00B18V8630
b)	Nature of the transaction	GROSS VESTING AT THE END OF THE 3 YEAR RESTRICTED PERIOD OF 37.9% OF THE AWARD MADE BY THE ISSUER IN july 2013 UNDER THE PERFORMANCE AND CO-INVESTMENT PLAN.  THE REMAINING 62.1% HAS LAPSED.  THE VESTING LEVEL REFLECTS PERFORMANCE AGAINST TWO TOTAL SHAREHOLDER RETURN CONDITIONS (TSR) PLUS SATISFACTION WITH AN UNDERPIN CONDITION RELATING TO THE OPERATIONAL AND ECONOMIC PERFORMANCE OF THE COMPANY. SHARES EQUIVALENT TO ACCRUED DIVIDENDS HAVE  BEEN INCLUDED, IN ACCORDANCE WITH THE RULES OF THE PLAN. A PROPORTION OF THE VESTING SHARES HAVE BEEN SOLD TO MEET THE INCOME AND N.I. LIABILITIES OF THE PDMR/DIRECTOR ARISING FROM THE VESTING.
c)	Price(s) and volume(s)	Price(s) Volume(s) 911.24p* 8,772
d)	Aggregated information - Volume - Price - Total	8,772 SHARES 911.24p* £79,933.97 * vesting / sale price
e)	Date of the transaction	28 JULY 2016
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	CHRISTOPHER LOUGHLIN
2	Reason for the notification
a)	Position/status	GROUP CHIEF EXECUTIVE OFFICER
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 financial instrument, type of instrument Identification code	ORDINARY SHARES OF 40.7p EACH GB00B18V8630
b)	Nature of the transaction	GROSS VESTING AT THE END OF THE 3 YEAR RESTRICTED PERIOD OF 37.9% OF THE AWARD MADE BY THE ISSUER IN july 2013 UNDER THE PERFORMANCE AND CO-INVESTMENT PLAN.  THE REMAINING 62.1% HAS LAPSED.  THE VESTING LEVEL REFLECTS PERFORMANCE AGAINST TWO TOTAL SHAREHOLDER RETURN CONDITIONS (TSR) PLUS SATISFACTION WITH AN UNDERPIN CONDITION RELATING TO THE OPERATIONAL AND ECONOMIC PERFORMANCE OF THE COMPANY. SHARES EQUIVALENT TO ACCRUED DIVIDENDS HAVE BEEN INCLUDED, IN ACCORDANCE WITH THE RULES OF THE PLAN. A PROPORTION OF THE VESTING SHARES HAVE BEEN SOLD TO MEET THE INCOME AND N.I. LIABILITIES OF THE PDMR/DIRECTOR ARISING FROM THE VESTING.
c)	Price(s) and volume(s)	Price(s) Volume(s) 911.24p* 24,625
d)	Aggregated information - Volume - Price - Total	24,625 SHARES 911.24p* £224,392.85 * vesting / sale price
e)	Date of the transaction	28 JULY 2016
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	SUSAN JANE DAVY
2	Reason for the notification
a)	Position/status	CHIEF FINANCIAL OFFICER
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 financial instrument, type of instrument Identification code	ORDINARY SHARES OF 40.7p EACH GB00B18V8630
b)	Nature of the transaction	GROSS VESTING AT THE END OF THE 3 YEAR RESTRICTED PERIOD OF 37.9% OF THE AWARD MADE BY THE ISSUER IN july 2013 UNDER THE PERFORMANCE AND CO-INVESTMENT PLAN.  THE REMAINING 62.1% HAS LAPSED.  THE VESTING LEVEL REFLECTS PERFORMANCE AGAINST TWO TOTAL SHAREHOLDER RETURN CONDITIONS (TSR) PLUS SATISFACTION WITH AN UNDERPIN CONDITION RELATING TO THE OPERATIONAL AND ECONOMIC PERFORMANCE OF THE COMPANY. SHARES EQUIVALENT TO ACCRUED DIVIDENDS HAVE BEEN INCLUDED, IN ACCORDANCE WITH THE RULES OF THE PLAN. A PROPORTION OF THE VESTING SHARES HAVE BEEN SOLD TO MEET THE INCOME AND N.I. LIABILITIES OF THE PDMR/DIRECTOR ARISING FROM THE VESTING.
c)	Price(s) and volume(s)	Price(s) Volume(s) 911.24p* 9,093
d)	Aggregated information - Volume - Price - Total	9,093 SHARES 911.24p* £82,859.05 * vesting / sale price
e)	Date of the transaction	28 JULY 2016
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	ANDREW PAUL WILLICOTT
2	Reason for the notification
a)	Position/status	OPERATIONS DIRECTOR, WASTE WATER SERVICES
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 financial instrument, type of instrument Identification code	ORDINARY SHARES OF 40.7p EACH GB00B18V8630
b)	Nature of the transaction	GROSS VESTING AT THE END OF THE 3 YEAR RESTRICTED PERIOD OF 37.9% OF THE AWARD MADE BY THE ISSUER IN july 2013 UNDER THE PERFORMANCE AND CO-INVESTMENT PLAN.  THE REMAINING 62.1% HAS LAPSED.  THE VESTING LEVEL REFLECTS PERFORMANCE AGAINST TWO TOTAL SHAREHOLDER RETURN CONDITIONS (TSR) PLUS SATISFACTION WITH AN UNDERPIN CONDITION RELATING TO THE OPERATIONAL AND ECONOMIC PERFORMANCE OF THE COMPANY. SHARES EQUIVALENT TO ACCRUED DIVIDENDS HAVE BEEN INCLUDED, IN ACCORDANCE WITH THE RULES OF THE PLAN. A PROPORTION OF THE VESTING SHARES HAVE BEEN SOLD TO MEET THE INCOME AND N.I. LIABILITIES OF THE PDMR/DIRECTOR ARISING FROM THE VESTING.
c)	Price(s) and volume(s)	Price(s) Volume(s) 911.24p* 4,571
d)	Aggregated information - Volume - Price - Total	4,571 SHARES 911.24p* £41,652.78 * vesting / sale price
e)	Date of the transaction	28 JULY 2016
f)	Place of the transaction	London Stock Exchange (XLON)

Name of authorised official of issuer responsible for making notification R. C ZMUDA, ASSISTANT COMPANY SECRETARY Date of notification    29 JULY 2016

 

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