13th Jan 2006 17:17
Pennon Group PLC13 January 2006 PENNON GROUP PLC PENNON ANNOUNCED THE RESULT OF THE PROPOSAL TO REPAY BONDS EARLY Pennon Group Plc ("Pennon") announced today that a meeting of the holders of its£150,000,000 105/8 per cent. Bonds 2012 (ISIN Code: XS0036051596) (the "Bonds")has passed an extraordinary resolution to redeem the Bonds with effect on 17January 2006 at a price higher than par and equal to the gross redemption yieldon the 5 per cent. Treasury Stock 2012 ('Benchmark Gilt') as at 3 pm London timeon 13 January 2006 plus 0.25%. Price of the Benchmark Gilt= 104.760 per cent. Gross Redemption Yield for the Benchmark Gilt = 4.114 per cent. Gross Redemption Yield plus redemption spread of 0.25 per cent. = 4.364 percent. Redemption Price for £100 nominal amount of the Bonds = £132.363 per cent. plusaccrued interest. 13 January 2006 www.pennon-group.co.uk End transmission This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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