28th Jul 2006 11:46
Pennon Group PLC28 July 2006 PENNON GROUP PLC SUBDIVISION OF ORDINARY SHARES At the Annual General Meeting of Pennon Group Plc held on 27 July 2006shareholders approved the subdivision of the Company's ordinary shares by way ofa three for one share split such that each existing ordinary share of 122 1/10pwill be divided into three new ordinary shares of 40.7p each. The 118,363,847 existing issued ordinary shares of 122 1/10p each held at theclose of business on 28 July 2006 will be divided into 355,091,541 new ordinaryshares of 40.7 pence each. It is expected that the new ordinary shares will beadmitted to the Official List of the UK Financial Services Authority and willcommence trading on the London Stock Exchange at 8.00 a.m. on 31 July 2006. Theunissued ordinary share capital will at the same time be divided into newordinary shares of 40.7p each resulting in a total authorised share capital of429,975,270 new ordinary shares of 40.7p each. Application has also been made to the UK Financial Services Authority and theLondon Stock Exchange for a blocklisting totalling 349,665 new ordinary sharesof 40.7 pence each to trade on the London Stock Exchange and to be admitted tothe Official List. The blocklisting is to replace an existing blocklisting authority already inplace consisting of ordinary shares to be issued under the Pennon Group AllEmployee Sharesave Scheme. Further details of the share split are contained in the Notice of Annual GeneralMeeting dated 22 June 2006 which was sent to shareholders on 26 June 2006. Consequent upon the share split and as approved by shareholders at the AnnualGeneral Meeting on 27 July 2006 the final dividend for the year ended 31 March2006 will be 11.7 pence per new ordinary share payable on 3 October 2006 toshareholders on the register on 4 August 2006. This is equivalent to therecommended final dividend of 35.1 pence on the ordinary shares prior to thethree for one share split which was announced by the Company with itspreliminary results on 1 June 2006. For further information please contact: Pennon Group PlcDavid Dupont 01392 443 998Jo Finely 01392 443 401 Merrill Lynch InternationalMichael Findlay 0207 996 1000Chris Snoxall Merrill Lynch International is acting as financial adviser and corporate brokerto Pennon and is acting for no-one else in connection with the subdivision andwill not be responsible to anyone other than Pennon for providing theprotections afforded to customers of Merrill Lynch International nor forproviding advice in connection with the subdivision or the contents of thisdocument or any other matter referred to herein. 28 July 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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