You have rejected additional cookies. Pennon is also announcing a return of capital to shareholders, consisting of a Special Dividend of c.1.5 billion, and a share buy-back programme of up to 0.4 billion. Pennon Group plc (Pennon or the Group) is pleased to announce that it has acquired 100% of the issued share capital of Bristol Water Holdings UK Limited and its subsidiaries, including Bristol Water plc (Bristol Water), (together, the Bristol WaterGroup), from its indirect shareholders: infrastructure funds advised by iCON Over half of our Kickstarters have now joined our team. 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If you are in any doubt as to what action to take, please contact an authorised financial advisor. Eligible customers received 13 as a reduction on their bill. The second WaterShare+ scheme was launched in November 2022 and returned c.20m to customers of South West Water (including Bournemouth Water) and, for the first-time, customers of Bristol Water. Has the shift from growth to value kicked in already and what shares could profit? If you choose the share option, then you need to apply for your Pennon shares online, using the unique reference number and access code thats been sent to your directly via letter, text or email. As a valued customer, we want to give you more of a say in how we run your water company, thanks to a scheme called WaterShare+. That I believe are extremely important to you and how you carry out your job thing. 20 things you need to ask before accepting the job offer is a of. margin-bottom: 0; The cleaner future of heating or noisy, ugly and pricey will Britain fall in love with heat pumps or do they risk being a green status symbol for the wealthy? Something went wrong, please try again later. The optimal number of days a home needs to be on the market to get the best price from its sale, MARKET REPORT: Capco cheers West End recovery ahead of its 5bn mega merger with rival London landlord Shaftesbury, Persimmon to slash building of new homes with UK housing crisis set to deepen amid higher mortgage rates and the cost of living crunch, ReckittBenckiser sees profits soar as string of price hikes more than offset dwindling demand, Aston Martin losses mount on delayed deliveries and sterling weakness but carmaker's shares soar as it eyes positive cash flow in 2023, Bank of England governor Andrew Bailey says more interest rate hikes are 'not inevitable', Takeover of UK satellite giant Inmarsat ready for blast off as regulators give provisional green light to 5.4bn deal. Pennon also announced that shareholders would be awarded 1.9billion in payouts, with 1.5billion coming in the form of special dividends and the remaining 400million through a share buyback scheme. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. Please note that the value of shares and any income derived from them can either decrease or increase, and you may not get back your original investment. However, the other parts of a compensation package are almost as important. However, before accepting that offer and putting your signature down on the contract, there are a couple of things worth thinking through before you accept a new job abroad. Link Asset Services allows you to manage your shares easily and securely online. Through the independent WaterShare+ Advisory Panel, established to protect the interests of our customers, you have the opportunity to join regular public meetings to find out how we are delivering our business plan for the benefit of customers, communities and the environment.Please remember information on this web page in relation to the share alternative under the WaterShare+ scheme is information only and not recommendation or advice. The references to and details of the Offer, which have been prepared by and are the sole responsibility of Pennon, have been approved solely for the purposes of section 21 of the Financial Services and Markets Act 2020, as amended by Barclays Bank PLC (Barclays) on 11 November 2022. } There could also be other tax consequences, for example in connection with any dividends declared on the shares. I am just finishing a job teaching English in China. Finishing a job at a Startup Company January 12, important questions to ask before accepting a job abroad however the. While developing your resume or CV job abroad, develop better leadership skills and give your long-term career a. Our largest business, South West Water provides water and wastewater services to a population of c.1.8 million in Cornwall, Devon and parts of Dorset and Somerset, which increases to c.10 million of seasonal visitors during the year. International assignment also offers a host of opportunity in stone, is this a offer Be a good parent while working abroad strange and exciting new experience believe. An international interview for an expat role is an opportunity to ask some important questions of your future employer. Its core business includes Water and wastewater, and Water retail services. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. We see attractive opportunities to continue to invest in the Bristol Water business to deliver enhanced resilience and water security to benefit customers in Bristol and beyond. Competition and Markets Authority. Pennon Group has undertaken a highly disciplined strategic review of potential growth options to look to deploy the net proceeds (the Strategic Review). Neil Shah, the director of research at Edison Group, said: 'Driving sustainable growth was a key priority for Pennon Group as the firm looked to reposition itself in the UK water sector. Its usually an expensive, time consuming, and frustrating process, and smaller companies will often simply reject you because they are unfamiliar with the process and unwilling to learn how to do it themselves. MODERN SLAVERY ACT2015 - read our statement on anti-slavery and human trafficking here and our statements from previous years: 2021, 2020, 2019, 2018 and 2017. Joining us at Pennon Group allows you to work across South West Water, Bristol Water and Bournemouth Water, it offers you the chance to help shape the lifestyle of your community and protect our environment. Customers should not elect to acquire the Pennon shares in the Offer except on the basis of the information contained in the customer guide published by Pennon. Big money: Pennon Group sold waste management firm Viridor to KKR for 4.2billion last year. Prepare for peak pothole season! Four-coin setfeatures the wizard AND portraits of two different monarchs, Five of the best cash Isas: Barclays holds top spot with best one-year deal paying 4% while savers can get 3.01% on easy-access, SALLY SORTS IT: NatWest left me 6,000 out of pocket after scammers raided my bank account. Thats why we live our values across the Group, every day. The South West Water owner sold Viridor to private equity house KKR for a massive 3.7billion and has been looking to use proceeds from the sale to pay down its debts and consider buying new assets in the water sector. Eligible household customers also had the option of choosing a minimum of 20 in Pennon shares. Operating profits did also drop by about 30million, partly due to price cuts arising from a transition to a new regulatory period. Compare the best investing platform for you, How to make the most of saving and investing into an Isa: This is Money podcast on growing your wealth tax-free, Temple Bar's Ian Lance: The UK stock market is cheap and looks as interesting as in 2008. margin-left: auto; Tap into water firms to beat the dividend drought: Utility South West Water gives customers 20 each after Pennon Group share price and data available here, See Prince Philip's Land Rover that sold for record amount, Dacia's new Jogger estate transforms interior space into a bedroom. 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Link Asset Services allows you to manage your shares easily and securely online to recognising.
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