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Pennon Group PLC announced on 25 July 2023 that its Chief Executive Officer, Susan Jane Davy, and Group Chief Financial Officer, Paul Michael Boote, received conditional share awards. On 21 July 2023, Ms. Davy was awarded 103,253 ordinary shares and Mr. Boote was awarded 67,169 ordinary shares, both at a price of £7.142 per share, under the Pennon Group Long Term Incentive Plan.
| Date | 25 Jul 2023 |
| Time | 15:00:34 |
| Category | Director/PDMR dealings |
| ID | 1528H |
Pennon Group plc
Director/PDMR Shareholding
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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Conditional award of shares pursuant to the Pennon Group Long Term Incentive Plan. The award vests after a period of three years dependent upon the satisfaction of specified performance criteria and other terms in accordance with the plan. A further holding period of two years also applies. |
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c) |
Price(s) and volume(s)
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d) |
Aggregated information
- Volume
- Price
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e) |
Date of the transaction
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21 July 2023 |
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f) |
Place of the transaction
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Outside a trading venue |
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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 CHIEF FINANCIAL OFFICER |
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b) |
Initial notification/Amendment
|
INITIAL NOTIFICATION |
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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 financial instrument, type of instrument
Identification code
|
ORDINARY SHARES OF 61.05p EACH
GB00BNNTLN49 |
||||
|
b) |
Nature of the transaction
|
Conditional award of shares pursuant to the Pennon Group Long Term Incentive Plan. The award vests after a period of three years dependent upon the satisfaction of specified performance criteria and other terms in accordance with the plan. A further holding period of two years also applies. |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information
- Volume
- Price
|
|
||||
|
e) |
Date of the transaction
|
21 July 2023 |
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f) |
Place of the transaction
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Outside a trading venue |
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Name of authorised official of issuer responsible for making notification ANDREW GARARD, GROUP GENERAL COUNSEL AND COMPANY SECRETARY Date of notification 25 July 2023 |