1 |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name |
ANDREW PAUL WILLICOTT |
2 |
Reason for the notification |
a) |
Position/status |
OPERATIONS DIRECTOR, WASTE WATER SERVICES |
b) |
Initial notification/Amendment |
INITIAL NOTIFICATION |
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 40.7p EACH GB00B18V8630 |
b) |
Nature of the transaction |
GROSS VESTING AT THE END OF THE 3 YEAR RESTRICTED PERIOD OF 37.9% OF THE AWARD MADE BY THE ISSUER IN july 2013 UNDER THE PERFORMANCE AND CO-INVESTMENT PLAN. THE REMAINING 62.1% HAS LAPSED. THE VESTING LEVEL REFLECTS PERFORMANCE AGAINST TWO TOTAL SHAREHOLDER RETURN CONDITIONS (TSR) PLUS SATISFACTION WITH AN UNDERPIN CONDITION RELATING TO THE OPERATIONAL AND ECONOMIC PERFORMANCE OF THE COMPANY. SHARES EQUIVALENT TO ACCRUED DIVIDENDS HAVE BEEN INCLUDED, IN ACCORDANCE WITH THE RULES OF THE PLAN. A PROPORTION OF THE VESTING SHARES HAVE BEEN SOLD TO MEET THE INCOME AND N.I. LIABILITIES OF THE PDMR/DIRECTOR ARISING FROM THE VESTING. |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
911.24p* |
4,571 |
|
d) |
Aggregated information - Volume - Price - Total |
4,571 SHARES 911.24p* £41,652.78 * vesting / sale price |
e) |
Date of the transaction |
28 JULY 2016 |
f) |
Place of the transaction |
London Stock Exchange (XLON) |