22nd Sep 2010 10:17
PENNON GROUP PLC
FOR IMMEDIATE RELEASE
HOLDING IN COMPANY
NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
PENNON GROUP PLC
2. Reason for the notification
Following the sale of part of the AXA Life Insurance business to Resolution PLC, changes have been made to the direct and indirect holdings.
3. Full name of person(s) subject to the notification obligation
AXA S.A., 25 Avenue Matignon, 75008 Paris and its group of companies.
4. Full name of shareholder(s)
As above
5. Date of the transaction (and date on which the threshold is crossed or reached if different)
15 September 2010
6. Date on which issuer notified:
20 September 2010
7. Threshold(s) that is/are crossed or reached: 3%
8. Notified details:
A: Voting rights attached to shares
|
Class/type of shares if possible using the ISIN CODE |
Situation previous to the Triggering transaction |
|
|
|
Number of shares |
Number of voting Rights |
|
ORD GBP 0.407 |
19,935,306 |
19,935,306 |
Resulting situation after the triggering transaction
|
Class/type of shares if possible using the ISIN CODE |
Number of shares |
Number of voting rights (ix) |
% of voting rights |
||
|
|
|
|
Indirect (xi) |
Direct |
Indirect |
|
|
415,100 |
415,100 |
19,501,056 |
0.12 |
5.51 |
B: Financial Instruments
Resulting situation after the triggering transaction
|
Type of financial instrument |
Expiration Date |
Exercise/Conversion Period/ Date |
Number of voting rights that may be acquired if the instrument is exercised/ converted. |
% of voting rights |
|
- |
- |
- |
- |
|
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction
|
Type of financial instrument |
Exercise Price |
Expiration Date |
Exercise / Conversion period |
Number of voting rights Instrument refers to |
% of voting rights |
|
Eg CFD |
|
|
|
|
|
Total (A+B+C)
|
Number of voting rights |
% of voting rights |
|
19,916,156 |
5.63% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable
AXA IM UK Direct 415,100.00 shares 0.117316% of issued share capital
AXA IM UK Indirect 19,246,506.00 shares 5.439460% of issued share capital
AXA Rosenberg Indirect 254,550.00 shares 0.071941% of issued share capital
Proxy Voting:
10. Name of the proxy holder:
N/A
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights:
N/A
13. Additional information:
Notification using the total voting rights figure of 5.55%
A: Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal entities):
Pennon Group Plc
Contact address (registered office for legal entities):
Peninsula House, Rydon Lane, Exeter, Devon, EX2 7HR
Contact name Richard Zmuda - Assistant Company Secretary
Phone number 01392 443517
22 September 2010
www.pennon-group.co.uk
Related Shares:
Pennon