Pennon Group PLC
02 June 2004
PENNON GROUP PLC
FOR IMMEDIATE RELEASE
DIRECTORS' SHAREHOLDINGS
Pennon Group Plc announces that it received notification on 1 June 2004 that
pursuant to the rules of the Company's Restricted Share Plan ('the Plan') the
following Ordinary shares of 111p in the Company vested in its three Executive
Directors on 27 May 2004 as follows:
Mr R J Baty - 16,174
Mr C I J H Drummond - 16,174
Mr D J Dupont - 6,842
These shares were awarded to the Executive Directors in September 2000 and held
in trust by Pennon Share Plans (Guernsey) Limited until their release which was
conditional upon the satisfaction of a Total Shareholder Return performance
condition in accordance with the terms of the Plan. The closing mid-market
price of the shares on the date of release was 730p per share.
Also on 1 June 2004, the Company received notification that in accordance with
the rules of the Plan the following shares of the Executive Directors (from the
above shares which vested on 27 May 2004) were sold at a price of 730p each on
28 May 2004 to meet the income tax and National Insurance liabilities of the
Executive Directors arising from the vesting of the shares:
Mr R J Baty - 6,632
Mr C I J H Drummond - 6,632
Mr D J Dupont - 2,806
2 June 2004
www.pennon-group.co.uk
End transmission
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