NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION OUTSIDE OF THE UNITED KINGDOM, INCLUDING BUT NOT LIMITED TO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SWITZERLAND, NEW ZEALAND AND THE REPUBLIC OF SOUTH AFRICA.
Pennon Group Plc (“Pennon”) is pleased to announce that South West Water (“SWW”) has launched its unique customer scheme, WaterShare+ (the “WaterShare+ Scheme”).
The WaterShare+ Scheme has been developed in direct response to feedback from SWW’s customers and will see £20 million being given to customers. The WaterShare+ Scheme was approved by shareholders at Pennon’s AGM on 31 July 2020.
Through the WaterShare+ Scheme customers will be able to benefit to the value of £20. Certain customers may be able to have the option choosing a minimum of £20 in Pennon shares.
A Prospectus has been produced in connection with the WaterShare+ Scheme Offer which has now been approved by the Financial Conduct Authority (the “FCA”). The Prospectus sets out the details of the WaterShare+ Scheme Offer and will shortly be available on Pennon’s website at www.pennon-group.co.uk/investor-information/watershare.
Further details, including information required to apply for the WaterShare+ Scheme Offer, will be posted to Eligible Customers (as defined in the Prospectus) from the 21 September 2020.
A copy of the Prospectus has also been submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information, please contact:
| Pennon Group plc |
+44 (0)1392 443 168 |
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Paul Boote |
Group Finance Director |
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Jennifer Cooke |
Investor Relations Manager |
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Media Enquiries |
+44 (0)207 251 3801 |
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James Murgatroyd |
Finsbury |
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Harry Worthington |
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