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On 28 July 2022, Pennon Group plc's Chief Executive Officer, Susan Jane Davy, and Group Finance Director, Paul Michael Boote, both had ordinary shares vest under the company's Annual Incentive Bonus Plan. Ms. Davy vested 16,299 shares and sold 7,865 shares at 979.75p to cover tax liabilities, retaining 8,434 net shares for a net value of £82,632. Mr. Boote vested 6,021 shares and sold 2,906 shares at 979.75p for tax purposes, retaining 3,115 net shares for a net value of £30,519.
| Date | 5 Aug 2022 |
| Time | 15:27:08 |
| Category | Director/PDMR dealings |
| ID | 1446V |
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.
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1 |
Details of the person discharging managerial responsibilities/person closely associated
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a) |
Name
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SUSAN JANE DAVY |
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2 |
Reason for the notification
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a) |
Position/status
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CHIEF EXECUTIVE OFFICER |
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b) |
Initial notification/Amendment
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INITIAL NOTIFICATION |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a) |
Name
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PENNON GROUP PLC |
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b) |
LEI
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213800V1CCTS41GWH423 |
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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
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a) |
Description of the financial instrument, type of instrument
Identification code
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ORDINARY SHARES OF 61.05p EACH
GB00BNNTLN49 |
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b) |
Nature of the transaction
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VESTING OF SHARES PURSUANT TO THE GROUP'S ANNUAL INCENTIVE BONUS PLAN - DEFERRED ELEMENT (THE 'PLAN') FOLLOWING THE END OF THE 3 YEAR RESTRICTED PERIOD. A PROPORTION OF THE VESTING SHARES HAVE ALSO BEEN SOLD TO MEET RELATED INCOME TAX AND NIC LIABILITIES. |
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c) |
Price(s) and volume(s)
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d) |
Aggregated information
- Volume
- Price
- Total
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16,299 LESS 7,865 = 8,434 NET SHARES
£9.7975
£159,689 GROSS, £82,632 NET
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e) |
Date of the transaction
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28 July 2022 |
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f) |
Place of the transaction
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London Stock Exchange (XLON) |
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1 |
Details of the person discharging managerial responsibilities/person closely associated
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a) |
Name
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PAUL MICHAEL BOOTE |
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2 |
Reason for the notification
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a) |
Position/status
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GROUP FINANCE DIRECTOR |
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b) |
Initial notification/Amendment
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INITIAL NOTIFICATION |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
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a) |
Name
|
PENNON GROUP PLC |
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b) |
LEI
|
213800V1CCTS41GWH423 |
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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 financial instrument, type of instrument
Identification code
|
ORDINARY SHARES OF 61.05p EACH
GB00BNNTLN49 |
||||
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b) |
Nature of the transaction
|
VESTING OF SHARES PURSUANT TO THE GROUP'S ANNUAL INCENTIVE BONUS PLAN - DEFERRED ELEMENT (THE 'PLAN') FOLLOWING THE END OF THE 3 YEAR RESTRICTED PERIOD. A PROPORTION OF THE VESTING SHARES HAVE ALSO BEEN SOLD TO MEET RELATED INCOME TAX AND NIC LIABILITIES. |
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c) |
Price(s) and volume(s)
|
|
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d) |
Aggregated information
- Volume
- Price
- Total
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6,021 LESS 2,906 = 3,115 NET SHARES
£9.7975
£58,991 GROSS, £30,519 NET
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e) |
Date of the transaction
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28 July 2022 |
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f) |
Place of the transaction
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London Stock Exchange (XLON) |
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Name of authorised official of issuer responsible for making notification Simon Pugsley: General Counsel & Company Secretary Date of notification: 5 August 2022 |