Last checked at 19 Feb 2016 17:20
PENNON GROUP PLC
FOR IMMEDIATE RELEASE
HOLDING IN COMPANY
NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
PENNON GROUP PLC / GB00B18V8630
2. Reason for the notification
- Disposal of voting rights.
- Acquisition of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached.
3. Full name of person(s) subject to the notification obligation
Aviva plc & its subsidiaries.
4. Full name of shareholder(s)
Registered Holder:
BNY Norwich Union Nominees Limited 11,047*
Chase (GA Group) Nominees Limited 122,770*
State Street Nominees Limited 12,117,494*
Available on request 27,385*
* Denotes direct interest
5. Date of the transaction and date on which the threshold is crossed or reached:
18 February 2016
6. Date on which issuer notified:
19 February 2016
7. Threshold(s) that is crossed: 3% to < 3% Change at Direct Interest level (section 8A)
8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE | Situation previous to the Triggering transaction | |
| Number of shares | Number of voting Rights |
GB00B18V8630 | 16,008,718 | 16,008,718 |
|
|
|
Resulting situation after the triggering transaction
Class/type of shares if possible using the ISIN CODE | Number of shares | Number of voting rights | % of voting rights | ||
|
| Direct | Indirect | Direct | Indirect
|
GB00B18V8630 | 12,278,696 | 12,278,696 | Not disclosable | 2.98% | Not disclosable |
B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument | Expiration Date | Exercise/Conversion Period/ Date | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights
|
RIGHT TO RECALL LOANED SHARES | N/A | N/A | 1,204,338 | 0.29% |
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction
Type of financial instrument
- | Exercise Price
- | Expiration Date
-
| Exercise / Conversion period
- | Number of voting rights Instrument refers to
- | % of voting rights
- |
|
|
|
|
|
|
Total (A+B+C)
Number of voting rights | % of voting rights |
13,483,034 | 3.27% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
The voting rights are managed and controlled by Aviva Investors Global Services Limited and Friends Provident International Limited, with the following chains of controlled undertakings:
Aviva Investors Global Services Limited:
- Aviva plc (Parent Company)
- Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc)
- Aviva Investors Holdings Limited (wholly owned subsidiary of Aviva Group Holdings Limited)
- Aviva Investors Global Services Limited (wholly owned subsidiary of Aviva Investors Holdings Limited)
Friends Provident International Limited:
- Aviva plc (Parent Company)
- Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc)
- Aviva Life Holdings UK Limited (wholly owned subsidiary of Aviva Group Holdings Limited)
- Friends Life FPG Limited (wholly owned subsidiary of Aviva Life Holdings UK Limited)
- Friends Life FPL Limited (wholly owned subsidiary of Friends Life FPG Limited)
- Friends Life Limited (wholly owned subsidiary of Friends Life FPL Limited)
- Friends Life and Pensions Limited (wholly owned subsidiary of Friends Life Limited)
- Friends Provident International Limited (wholly owned subsidiary of Friends Life and Pensions Limited)
Proxy Voting:
10. Name of the proxy holder:
See Section 4.
11. Number of voting rights proxy holder will cease to hold:
-
12. Date on which proxy holder will cease to hold voting rights:
-
13. Additional information:
-
A: Identity of the person or legal entity subject to the notification obligation
14. Contact Name: Neil Whittaker, Aviva plc
15. Contact telephone number: 01603 684420
B: Identity of the notifier
Full name (including legal form for legal entities):
Pennon Group Plc
Contact address (registered office for legal entities):
Peninsula House, Rydon Lane, Exeter, Devon, EX2 7HR
Contact name Karen Senior - Assistant Company Secretary
Phone number 01392 443060
19 February 2016
www.pennon-group.co.uk