27th Sep 2006 08:30
Pennon Group PLC27 September 2006 27 September 2006 PENNON GROUP PLC PRE-CLOSE TRADING UPDATE Pennon Group Plc today reports on trading for the 6 months to 30 September 2006,prior to entering its close period, and confirms that trading to date remains inline with management expectations. Now in the second year of the K4 period (2005 - 2010), South West Water remainson target to meet the current regulatory contract. Viridor Waste remainsconfident of delivering continued growth in operating profit before amortisationof intangibles. At the Annual General Meeting on 27 July 2006 shareholders approved thesubdivision of the Company's ordinary shares by way of a three for one sharesplit. The new ordinary shares began trading on 31 July 2006. As a result, thenumber of ordinary shares in issue was increased from 118.36 million to 355.08million. A background briefing on Pennon for fund managers and analysts unfamiliar withthe Group will be held on Tuesday October 10. Presentations will be made byPennon's three executive directors and will commence at 5pm at Credit Suisse'soffices at the International Finance Centre, 25 Old Broad Street, EC2. Pleasecontact Juliet Burland on 020 7888 6218 for further information. Pennon intends to announce its Interim Results on Thursday, 30 November 2006. For further information, please contact: PennonDavid Dupont - Group Director of Finance 01392 443998Jo Finely - Investor Relations Manager 01392 443401 FinsburyMark Harris 0207 251 3801Sally Hogan This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Pennon