Thames Water Utilities Finance PLC Company Announcement (8314U)

TIDMBA18

RNS Number : 8314U

Thames Water Utilities Finance PLC

30 March 2023

Thames Water receives GBP500 million new equity funding from shareholders

Further to the announcement made by Thames Water Utilities Ltd ('Thames Water' or 'the Company') on 30 June 2022, the Company today confirms receipt of the agreed GBP500 million of new equity funding from its shareholders.

The new equity will be used to support the delivery of the Company's revised turnaround plan, approved by shareholders last June, to improve performance and outcomes for customers, leakage and river health and to accelerate delivery of Thames Water's turnaround.

The Company is working with shareholders on plans to provide additional equity funding to drive Thames Water's turnaround over the remainder of the current regulatory period and establish a solid foundation for Thames Water's long-term growth.

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March 30, 2023 11:27 ET (15:27 GMT)