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7 Jul 2020 10:58
PENNON GROUP PLC
FOR IMMEDIATE RELEASE
APPLICATION FOR ADDITIONAL LISTING
Application has been made to the Financial Conduct Authority for the admission of 297,283 ordinary shares of 40.7 pence each in Pennon Group plc to the Official List and to the London Stock Exchange for these securities to be admitted to trading.
The application is being made in respect of issuing shares to executive management upon the early vesting and release of long-term incentives under the terms of the Company's Long-term Incentive Plan (LTIP) and Performance and Co-investment Plan (PCP) (the 'Plans'), as a result of the sale of the Company's waste management business, Viridor. The shares will be allotted and issued to the Plans' trustee, Apex Corporate Trustees (UK) Limited upon admission and then transferred to the LTIP participants. Admission is expected to be effective from 8 July 2020.
7 July 2020
www.pennon-group.co.uk
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