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IN BRIEF: Pennon share consolidation becomes effective

5th Jul 2021 18:05

Pennon Group PLC - Exeter-based water utility - Completes two-for-three share consolidation following shareholder approval on June 28. The company now has 281.4 million shares in issue. Consolidation was announced at the same time as the plan to return GBP1.5 billion to shareholders via buybacks and a 355 pence-per-share special dividend.

Current stock price: 1,178.00p

Year-to-date change: down 17%

By Ivan Edwards; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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Pennon
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Change53.53