Pennon Group Plc has released a regulatory news announcement regarding the notification of transactions of persons discharging managerial responsibilities. Susan Jane Davy, the Group Chief Executive Officer, made an initial notification of the sale of ordinary shares to cover tax and national insurance liabilities. This sale follows the vesting of shares pursuant to the Group's 2021 Annual Incentive Bonus Plan - deferred element, after the end of the 3-year restricted period. The transaction took place on 3rd July 2024 at the London Stock Exchange (XLON).
The details of the transaction include the sale of 5,951 ordinary shares of 61.05p each at a price of 5.665. The notification was made in accordance with the requirements of the EU Market Abuse Regulation. Andrew Garard, the Group General Counsel and Company Secretary, was responsible for making the notification.
For more information, the official notification can be found on the company's website.