Pennon Group PLC has announced the notification of transactions of persons discharging managerial responsibilities in accordance with the EU Market Abuse Regulation. Susan Jane Davy, the Chief Executive Officer, and Laura Flowerdew, the Chief Financial Officer, have both been granted conditional awards of ordinary shares pursuant to the Pennon Group Long-Term Incentive Plan. The awards vest after a period of three years dependent upon the satisfaction of specified performance criteria and other terms in accordance with the plan, with a further holding period of two years applying. The transactions took place on the 17th of July 2024 at the London Stock Exchange (XLON).
Susan Jane Davy was awarded 118,720 ordinary shares at a price of 646p each, while Laura Flowerdew was awarded 98,684 ordinary shares at the same price. The details of the transactions were disclosed in accordance with the regulatory requirements. Andrew Garard, the General Counsel and Company Secretary, was the authorized official responsible for making the notification.
For more information, the official notification can be found on the company's website.