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
Disposal of voting rights.
3. Full name of person(s) subject to the notification obligation
The Goldman Sachs Group, Inc.
4. Full name of shareholder(s)
Goldman, Sachs & Co. / Goldman Sachs Group, L.P
5. Date of the transaction (and date on which the threshold is crossed or reached if different)
06 February 2012
6. Date on which issuer notified:
08 February 2012
7. Threshold(s) that is crossed: Below 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
|
GB00B18V8630 | 13,652,393 | 3.79% |
|
|
|
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 |
GB00B18V8630 |
|
| 5,510 |
| 0.00% |
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 |
Equity Linked Note (Cash Settled) | 6.425 | 31/12/15 | On or before 31/12/15 | 1,439,737 | 0.40% |
Total (A+B+C)
Number of voting rights
| % of voting rights
|
1,445,247 | 0.40% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
The interest in 5,510 shares arose from a beneficial interest held by Goldman, Sachs & Co. ("GS&Co."), a direct subsidiary of Goldman Sachs, Inc. These shares are, or will be, registered in the name of Goldman Sachs Securities (Nominees) Limited ("GSSN").
The interest in 1,439,737 shares arose from a cash settled financial instrument held by Goldman Sachs Group, L.P, a subsidiary of Goldman Sachs Group, Inc. relating to underlying shares to the Issuer.
We hereby notify you that as at close of business on 06 February 2012 The Goldman Sachs Group, Inc., of 200 West Street, New York 10282-2198, USA, no longer has a notifiable interest in shares.
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:
General email contact for Goldman Sachs: shareholderdisclosures@gs.com
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
9 February 2012
www.pennon-group.co.uk
