Yes. Additionally, we have demonstrated our credentials as a responsible business, reducing debt levels, increasing pension contributions, and further supporting the Green Recovery for the much-needed regeneration of our region. ]]>*/, https://pennon-group.connectid.cloud/register, Acquisition of the Bristol Water Group and proposed Special Dividend and Share Consolidation, Acquisition of the Bristol Water Group for 425 million cash consideration, adding a high-quality business with approximately 1.2 million customers, Acquisition is expected to be earnings accretive and will result in an increase of c.16% in the Group regulatory capital value (, The acquisition price equates to a premium to RCV of 44%, Proposed c.1.5 billion special dividend and share consolidation, and a proposed share buyback programme of up to 0.4 billion, Following the Acquisition and the return of capital to shareholders, the Group is targeting net debt to RCV gearing of below 65% by the end of K7. Undertakings in lieu of reference accepted. Pennon Group PLC Pennon Group PLC on Monday said its acquisition of Bristol Water Holdings UK Ltd has now been cleared by the UK regulator, with new price control measures satisfying any competition concerns. These schemes will give over 500 talented people the opportunity to join us by 2025. But in all the excitement, you want to make sure youre not worrying about money issues once youre there. It has now agreed to purchase the 175-year old Bristol Waterfrom its owners, the multinational asset management firm iCON Infrastructure and Itochu, one of Japan's largest corporations. Decision to consider undertakings offered published. /*-->