Pennon Group PLC
20 February 2006
PENNON GROUP PLC
RETURN OF CASH AND LISTING OF NEW ORDINARY SHARES
At the Extraordinary General Meeting of Pennon Group Plc held on 15 February
2006 shareholders approved the return of cash, by way of a B Share scheme, of
110p for each existing issued ordinary share held at the close of business on 17
February 2006 and the consolidation of existing ordinary shares on the basis of
10 new ordinary shares for 11 existing ordinary shares.
130,463,481 B Shares were issued today. The B Shares will neither be admitted
to the Official List of the UK Financial Services Authority nor to trading on
the market for listed securities of the London Stock Exchange.
Following the issue of the B Shares, the 130,463,481 existing ordinary shares
were consolidated into 118,603,164 new ordinary shares of 122 1/10 pence each.
It is expected that the new ordinary shares will be admitted to the Official
List of the UK Financial Services Authority and will commence trading on the
London Stock Exchange at 8.00 a.m. today.
Application has also been made to the UK Financial Services Authority and the
London Stock Exchange for a blocklisting totalling 122,238 new ordinary shares
of 122 1/10 pence each to trade on the London Stock Exchange and to be admitted
to the Official List.
The blocklisting is to replace an existing blocklisting authority already in
place consisting of ordinary shares to be issued under the Pennon Group All
Employee Sharesave Scheme.
Further details of the return of cash are contained in the circular to
shareholders dated 23 January 2006.
For further information please contact:
Merrill Lynch International
Michael Findlay 0207 996 1000
Chris Snoxall
Merrill Lynch International is acting as exclusive financial adviser and
corporate broker to Pennon and is acting for no-one else in connection with the
Return of Cash to Shareholders and will not be responsible to anyone other than
Pennon for providing the protections afforded to customers of Merrill Lynch
International nor for providing advice in connection with the Return of Cash to
Shareholders or the contents of this document or any other matter referred to
herein.
20 February 2006
www.pennon-group.co.uk
End transmission
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.