Holding(s) in Company

RNS Number : 6934X
Pennon Group PLC
21 November 2014
 

 

 

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 (PNN LN)

 

2.     Reason for the notification

 

        Acquisition of voting rights (although reduction in overall % of voting rights due to the increase in the issued share capital of Pennon Group Plc since the previous TR1 notification by RARE Infrastructure Limited).

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

       

        RARE Infrastructure Limited

 

4.     Full name of shareholder(s)

 

        As detailed in point 3 above  

       

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

 

        14 November 2014

 

6.     Date on which issuer notified:

 

        18 November 2014

 

7.     Threshold(s) that is crossed:  below 5% threshold

 

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

 

(This represented 5.0204% of voting rights as at the last TR1 notification made on 22 May 2013. At this date the issued share capital of Pennon Group Plc was 365,016,955)

18,325,407

18,325,407

 

 




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

18,325,407


19,366,782

4.8579%


 

(The issued share capital in relation to this notification is 398,664,083. Although the holding has increased from 18,325,407 to 19,366,782, due to the increase in the issued share capital since the last TR1 notification (May 2013) the overall % of total voting rights has reduced from 5.0204% to 4.8579%).

 

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

 

 

 

-

 

-

-

-

-

-







Total (A+B+C)

 

Number of voting rights

% of voting rights

19,366,782

4.8579%

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

 

        N/A 

 

Proxy Voting:

 

10. Name of the proxy holder:

 

        RARE Infrastructure Limited

 

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: None

 

       

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

 

21 November 2014

 

www.pennon-group.co.uk


This information is provided by RNS
The company news service from the London Stock Exchange
 
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