Holding(s) in Company

RNS Number : 0613X

Pennon Group PLC

08 February 2012

 

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

2.     Reason for the notification

        Acquisition of voting rights.

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

        The Goldman Sachs Group, Inc.

4.     Full name of shareholder(s)

        Goldman Sachs International / Goldman Sachs Group, L.P

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

        03 February 2012

6.     Date on which issuer notified:

        07 February 2012

7.     Threshold(s) that is crossed:   3%

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	Below 3%

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	13,652,393		13,652,393		3.79%

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
Equity Linked Note (Cash Settled)	6.425	31/12/15	On or before 31/12/15	1,439,737	0.40%

Total (A+B+C)

Number of voting rights	% of voting rights
15,092,130	4.19%

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

        The interest in 13,652,393 shares arose from a beneficial interest held by Goldman Sachs International, an indirect subsidiary of The Goldman Sachs Group, Inc. These shares are, or will be, registered at CREST in account CREPTEMP.

        The interest in 1,439,737 shares arose from a cash settled financial instrument held by Goldman Sachs Group, L.P, a subsidiary of Goldman Sachs Group, Inc. relating to underlying shares to the Issuer.   

Proxy Voting:

10. Name of the proxy holder:

  N/A

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:

        General email contact for Goldman Sachs: [e-mail]

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

8 February 2012

www.pennon-group.co.uk

 

END

 

 

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