Pennon Group PLC Director/PDMR Shareholding (9717R)

TIDMPNN

RNS Number : 9717R

Pennon Group PLC

15 December 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.

 
         Details of the person discharging managerial 
   1      responsibilities/person closely associated 
------  -------------------------------------------------------------------------------------- 
 a)      Name                                                PAUL MICHAEL RINGHAM 
------  --------------------------------------------------  ---------------------------------- 
 2       Reason for the notification 
------  -------------------------------------------------------------------------------------- 
 a)      Position/status                                     COMMERCIAL DIRECTOR, VIRIDOR 
------  --------------------------------------------------  ---------------------------------- 
 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                                  ORDINARY SHARES OF 40.7p 
          financial instrument,                               EACH 
          type of instrument 
 
          Identification code                                 GB00B18V8630 
------  --------------------------------------------------  ---------------------------------- 
 b)      Nature of the transaction                           GROSS VESTING OF SHARES 
                                                             PURSUANT TO THE PENNON 
                                                             GROUP ANNUAL INCENTIVE 
                                                             BONUS PLAN - DEFERRED 
                                                             ELEMENT (THE 'PLAN') FOLLOWING 
                                                             THE END OF THE 2 YEAR 
                                                             RESTRICTED PERIOD. SHARES 
                                                             EQUIVALENT TO ACCRUED 
                                                             DIVIDENDS HAVE BEEN INCLUDED, 
                                                             IN ACCORDANCE WITH THE 
                                                             CONDITIONS OF THE PLAN. 
                                                             A PROPORTION OF THE VESTED 
                                                             SHARES HAVE BEEN SOLD 
                                                             BY THE SHARE PLANS TRUSTEE 
                                                             TO MEET THE INCOME TAX 
                                                             AND NATIONAL INSURANCE 
                                                             LIABILITIES OF THE PERSON 
                                                             NAMED IN 1(a) ABOVE. 
------  --------------------------------------------------  ---------------------------------- 
 c)      Price(s) and volume(s)                               Price(s)       Volume(s) 
                                                              -------------  ---------- 
                                                               GBP7.9258p*    1,810 
                                                              -------------  ---------- 
------  --------------------------------------------------  ---------------------------------- 
 d)      Aggregated information 
 
          - Volume                                             1,810 SHARES (gross) 
 
          - Price                                              GBP7.9258p* 
 
          - Total                                              GBP14,345.70 (gross) 
 
                                                               * vesting / sale price 
------  --------------------------------------------------  ---------------------------------- 
 e)      Date of the transaction                             14 December 2016 
------  --------------------------------------------------  ---------------------------------- 
 f)      Place of the transaction                            London Stock Exchange 
                                                              (XLON) 
------  --------------------------------------------------  ---------------------------------- 
 Name of authorised official of issuer responsible 
  for making notification 
  KAREN SENIOR, ASSISTANT COMPANY SECRETARY 
  Date of notification 15 December 2016 
------------------------------------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHAKPDQDBDDPBD

(END) Dow Jones Newswires

December 15, 2016 06:47 ET (11:47 GMT)