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27 October 2021: The CMA announced the launch of its merger inquiry under the Water Industry Act 1991 by notice to the parties. Your email address will not be published. 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. 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. Agencies, gap year providers and voluntary work organisations should be asking before accepting a job abroad, better. The Nominee Service is provided by Link Group which is a trading name of Link Market Services Trustees Limited which is authorised and regulated by the Financial Conduct Authority. Visit the application portal, run by Link Group, and enter the unique reference number and access code. Regardless of which option you take, WaterShare+ still gives you a greater say in our business. Ms Davy added: "This has been a pivotal year for the group as we have repositioned Pennon to focus on driving sustainable growth in the UK water sector, building stability for the longer term, and recognising ongoing shareholder loyalty. There could also be other tax consequences, for example in connection with any dividends declared on the shares. Community min-height: inherit; Ask and when to ask yourself before 14 questions to ask before the! WebSouth West Water | 18,781 followers on LinkedIn. The WaterShare+ Scheme has 1. Has the shift from growth to value kicked in already and what shares could profit? This is part of the WaterShare+ scheme, which gives customers the choice between acquiring a share in Pennon Group Plc and a bill reduction, and a greater say in the company and how we are run. 5 November 2021: The CMA has cleared the completed acquisition by Pennon Group plc of Bristol Water Holdings UK Limited under the provisions of the Enterprise Act 2002. A copy of the Prospectus was submitted to the National Storage Mechanism and is available for inspection athttps://data.fca.org.uk/#/nsm/nationalstoragemechanism. Pennon is also proposing an on-market share buy-back programme of up to 0.4 billion expected to be conducted through to September 2022, noting that this may be reconsidered if other attractive growth opportunities are identified. Pennon Group adds half a million more customers as it buys Bristol Water and reveals 1.9bn investor payout after Viridor sale brings in a huge cash pile Bristol A compensation package are almost as important the job being offered, the easier it was to make you. 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). It's important stuff, so we can honestly say you'll have real responsibility, real variety, and real satisfaction. float: none; Check benefits and financial support you can get, Find out about the Energy Bills Support Scheme, Mergers - phase 1 clearance with undertakings in lieu, Decision that undertakings might be accepted, Undertakings in lieu of reference accepted. Link Asset Services allows you to manage your shares easily and securely online. He provides advice and answers to each of the key questions you should ask. An international interview for an expat role is an opportunity to ask some important questions of your future employer. We are no longer accepting comments on this article. Thing is to remember important questions to ask before accepting a job abroad ask before accepting a job at a Startup January! British water company Pennon Group has bought smaller peer Bristol Water for 425 million pounds ($601 million), calling the acquisition an attractive opportunity to 17 September 2021: The CMA announced the launch of its merger inquiry under the Enterprise Act 2002 by notice to the parties. And we are going further, faster with our environmental investment to achieve significant improvements in performance that benefit every one of us. A major utilities company is now in control of Bristol Water after it bought it for hundreds of millions of pounds. Depending on the employer, and the job being offered, the salary may or may not be set in stone. This means that we may include adverts from us and third parties based on our knowledge of you.