11th Feb 2025 13:58
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BNNTLN49
Issuer Name
PENNON GROUP PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of financial instruments
3. Details of person subject to the notification obligation
Name
JPMorgan Chase & Co.
City of registered office (if applicable)
Country of registered office (if applicable)
US
4. Details of the shareholder
Name | City of registered office | Country of registered office |
J.P. Morgan Securities plc |
5. Date on which the threshold was crossed or reached
07-Feb-2025
6. Date on which Issuer notified
11-Feb-2025
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8.A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer | |
Resulting situation on the date on which threshold was crossed or reached | 1.568570 | 3.510075 | 5.078645 | 14527815 |
Position of previous notification (if applicable) | Below Minimum Threshold | Below Minimum Threshold | Below Minimum Threshold |
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of shares ISIN code(if possible) | Number of direct voting rights (DTR5.1) | Number of indirect voting rights (DTR5.2.1) | % of direct voting rights (DTR5.1) | % of indirect voting rights (DTR5.2.1) |
GB00BNNTLN49 | 4486868 | 1.568570 | ||
Sub Total 8.A | 4486868 | 1.568570% | ||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Type of financial instrument | Expiration date | Exercise/conversion period | Number of voting rights that may be acquired if the instrument is exercised/converted | % of voting rights |
| ||||
Sub Total 8.B1 | ||||
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting rights |
Cash-settled Equity Swap | 04/03/2025 | 04/03/2025 | Cash | 444 | 0.000155 |
Cash-settled Equity Swap | 19/03/2025 | 19/03/2025 | Cash | 445362 | 0.155687 |
Cash-settled Equity Swap | 02/04/2025 | 02/04/2025 | Cash | 6636 | 0.002313 |
Cash-settled Equity Swap | 30/04/2025 | 30/04/2025 | Cash | 213946 | 0.074789 |
Cash-settled Equity Swap | 02/05/2025 | 02/05/2025 | Cash | 1657 | 0.000576 |
Cash-settled Equity Swap | 19/05/2025 | 19/05/2025 | Cash | 852852 | 0.298149 |
Cash-settled Equity Swap | 30/05/2025 | 30/05/2025 | Cash | 459177 | 0.160526 |
Cash-settled Equity Swap | 03/06/2025 | 03/06/2025 | Cash | 862 | 0.000300 |
Cash-settled Equity Swap | 26/06/2025 | 26/06/2025 | Cash | 24854 | 0.008688 |
Cash-settled Equity Swap | 30/06/2025 | 30/06/2025 | Cash | 68721 | 0.024022 |
Cash-settled Equity Swap | 02/07/2025 | 02/07/2025 | Cash | 2597 | 0.000905 |
Cash-settled Equity Swap | 04/08/2025 | 04/08/2025 | Cash | 4180 | 0.001458 |
Cash-settled Equity Swap | 02/09/2025 | 02/09/2025 | Cash | 4777 | 0.001666 |
Cash-settled Equity Swap | 24/09/2025 | 24/09/2025 | Cash | 189232 | 0.066155 |
Cash-settled Equity Swap | 29/09/2025 | 29/09/2025 | Cash | 586568 | 0.205060 |
Cash-settled Equity Swap | 30/09/2025 | 30/09/2025 | Cash | 287339 | 0.100442 |
Cash-settled Equity Swap | 01/10/2025 | 01/10/2025 | Cash | 6340 | 0.002215 |
Cash-settled Equity Swap | 02/10/2025 | 02/10/2025 | Cash | 4449 | 0.001552 |
Cash-settled Equity Swap | 04/11/2025 | 04/11/2025 | Cash | 80446 | 0.028120 |
Cash-settled Equity Swap | 12/11/2025 | 12/11/2025 | Cash | 43581 | 0.015235 |
Cash-settled Equity Swap | 18/11/2025 | 18/11/2025 | Cash | 16688 | 0.005833 |
Cash-settled Equity Swap | 19/11/2025 | 19/11/2025 | Cash | 721 | 0.000250 |
Cash-settled Equity Swap | 28/11/2025 | 28/11/2025 | Cash | 2472 | 0.000862 |
Cash-settled Equity Swap | 02/12/2025 | 02/12/2025 | Cash | 4827 | 0.001684 |
Cash-settled Equity Swap | 15/12/2025 | 15/12/2025 | Cash | 43834 | 0.015310 |
Cash-settled Equity Swap | 17/12/2025 | 17/12/2025 | Cash | 10732 | 0.003746 |
Cash-settled Equity Swap | 24/12/2025 | 24/12/2025 | Cash | 1573116 | 0.549956 |
Cash-settled Equity Swap | 05/01/2026 | 05/01/2026 | Cash | 26871 | 0.009393 |
Cash-settled Equity Swap | 16/01/2026 | 16/01/2026 | Cash | 46514 | 0.016261 |
Cash-settled Equity Swap | 19/01/2026 | 19/01/2026 | Cash | 8855 | 0.003091 |
Cash-settled Equity Swap | 02/02/2026 | 02/02/2026 | Cash | 0 | 0.000000 |
Cash-settled Equity Swap | 03/02/2026 | 03/02/2026 | Cash | 4136 | 0.001442 |
Cash-settled Equity Swap | 11/02/2026 | 11/02/2026 | Cash | 318008 | 0.111167 |
Cash-settled Equity Swap | 18/02/2026 | 18/02/2026 | Cash | 17057 | 0.005961 |
Cash-settled Equity Swap | 25/02/2026 | 25/02/2026 | Cash | 7159 | 0.002502 |
Cash-settled Equity Swap | 27/02/2026 | 27/02/2026 | Cash | 30000 | 0.010487 |
Cash-settled Equity Swap | 03/03/2026 | 03/03/2026 | Cash | 7227 | 0.002525 |
Cash-settled Equity Swap | 09/03/2026 | 09/03/2026 | Cash | 35000 | 0.012234 |
Cash-settled Equity Swap | 24/03/2026 | 24/03/2026 | Cash | 656917 | 0.229654 |
Cash-settled Equity Swap | 28/04/2026 | 28/04/2026 | Cash | 863211 | 0.301736 |
Cash-settled Equity Swap | 31/07/2026 | 31/07/2026 | Cash | 0 | 0.000000 |
Cash-settled Equity Swap | 16/10/2026 | 16/10/2026 | Cash | 278190 | 0.097254 |
Cash-settled Equity Swap | 29/01/2027 | 29/01/2027 | Cash | 0 | 0.000000 |
Cash-settled Equity Swap | 03/02/2027 | 03/02/2027 | Cash | 118806 | 0.041532 |
Cash-settled Equity Swap | 10/02/2027 | 10/02/2027 | Cash | 14314 | 0.005004 |
Cash-settled Equity Swap | 01/03/2027 | 01/03/2027 | Cash | 47644 | 0.016656 |
Cash-settled Equity Swap | 21/07/2027 | 21/07/2027 | Cash | 711196 | 0.248632 |
Cash-settled Equity Swap | 30/05/2028 | 30/05/2028 | Cash | 1544850 | 0.540054 |
Cash-settled Equity Swap | 26/09/2029 | 26/09/2029 | Cash | 1993 | 0.000696 |
Cash-settled Equity Swap | 05/09/2031 | 05/09/2031 | Cash | 7465 | 0.002609 |
Cash-settled Equity Swap | 08/09/2031 | 08/09/2031 | Cash | 17776 | 0.006214 |
Cash-settled Equity Swap | 10/09/2031 | 10/09/2031 | Cash | 12894 | 0.004507 |
Cash-settled Equity Swap | 29/10/2031 | 29/10/2031 | Cash | 11485 | 0.004015 |
Cash-settled Equity Swap | 30/10/2031 | 30/10/2031 | Cash | 8567 | 0.002995 |
Cash-settled Equity Swap | 31/10/2031 | 31/10/2031 | Cash | 15397 | 0.005382 |
Cash-settled Equity Swap | 03/11/2031 | 03/11/2031 | Cash | 9708 | 0.003393 |
Cash-settled Equity Swap | 04/11/2031 | 04/11/2031 | Cash | 54828 | 0.019167 |
Cash-settled Equity Swap | 05/11/2031 | 05/11/2031 | Cash | 16364 | 0.005720 |
Cash-settled Equity Swap | 06/11/2031 | 06/11/2031 | Cash | 5055 | 0.001767 |
Cash-settled Equity Swap | 07/11/2031 | 07/11/2031 | Cash | 15391 | 0.005380 |
Cash-settled Equity Swap | 10/11/2031 | 10/11/2031 | Cash | 13845 | 0.004840 |
Cash-settled Equity Swap | 11/11/2031 | 11/11/2031 | Cash | 6906 | 0.002414 |
Cash-settled Equity Swap | 12/11/2031 | 12/11/2031 | Cash | 8454 | 0.002955 |
Cash-settled Equity Swap | 13/11/2031 | 13/11/2031 | Cash | 9671 | 0.003380 |
Cash-settled Equity Swap | 14/11/2031 | 14/11/2031 | Cash | 17916 | 0.006262 |
Cash-settled Equity Swap | 17/11/2031 | 17/11/2031 | Cash | 18815 | 0.006576 |
Cash-settled Equity Swap | 18/11/2031 | 18/11/2031 | Cash | 12225 | 0.004272 |
Cash-settled Equity Swap | 19/11/2031 | 19/11/2031 | Cash | 9549 | 0.003338 |
Cash-settled Equity Swap | 20/11/2031 | 20/11/2031 | Cash | 18254 | 0.006380 |
Cash-settled Equity Swap | 21/11/2031 | 21/11/2031 | Cash | 10361 | 0.003622 |
Cash-settled Equity Swap | 24/11/2031 | 24/11/2031 | Cash | 20011 | 0.006995 |
Cash-settled Equity Swap | 25/11/2031 | 25/11/2031 | Cash | 13431 | 0.004695 |
Cash-settled Equity Swap | 26/11/2031 | 26/11/2031 | Cash | 6496 | 0.002270 |
Cash-settled Equity Swap | 15/01/2032 | 15/01/2032 | Cash | 15822 | 0.005531 |
Cash-settled Equity Swap | 19/01/2032 | 19/01/2032 | Cash | 5092 | 0.001780 |
Cash-settled Equity Swap | 20/01/2032 | 20/01/2032 | Cash | 4811 | 0.001681 |
Sub Total 8.B2 | 10040947 | 3.510075% | |||
9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
Ultimate controlling person | Name of controlled undertaking | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold |
JPMorgan Chase & Co. | J.P. Morgan Securities plc | 3.510075 | 5.069317% | |
JPMorgan Chase & Co. | J.P. Morgan SE |
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
Chain of controlled undertakings:JPMorgan Chase & Co.JPMorgan Chase Bank, National Association (100%)J.P. Morgan International Finance Limited (100%)J.P. Morgan Capital Holdings Limited (100%)J.P. Morgan Securities plc (100%)JPMorgan Chase & Co.JPMorgan Chase Bank, National Association (100%)J.P. Morgan International Finance Limited (100%)J.P. Morgan SE (100%)
12. Date of Completion
11-Feb-2025
13. Place Of Completion
London, United Kingdom