Bristol Water joins the group comprising of South West Water, Bournemouth Water and Pennon Water Services serving 3.1 million customers across the Greater South West. Please note, nothing in this letter should be taken as a recommendation to take any particular action. Bristol Water provides water only services to a population of c.1.2 million. If you opt for a share this will be yours until you decide to sell it even if you no longer live in the south west region. City Bristol Water serves 1.2 million customers in Bristol and the surrounding areas. The shares will be acquired by Link Market Services Trustees Limited, part of Link Market Services, Pennons share registrar, who will hold the shares on behalf of participating customers. Depending on the employer, and the job being offered, the salary may or may not be set in stone. References to and details of the customer share offer (the Offer) in Pennon Group Plc (Pennon) on this website are an advertisement and not a prospectus for the purposes of the EU Prospectus Regulations. Making a request for environmental information, Downstream Thinking & Sustainable Drainage, Reliable wastewater network and treatment, Roadfords new intake pumping station - 2023, Wholesale Charges Household and Non-household 2021/22, Getting a water supply for a new development, Using a NAV New Appointment and Variation, Adoption of new sewers or pumping stations, South West Water's Water Resources Update 10 February 2023, South West Waters parent company to share 20 million with customers, Publication of application to Ofwat to merge licenses. That job urge to immediately accept any offer you receive a strange and exciting new experience Seeing World! 7 March 2022: The CMA has accepted undertakings in lieu of reference for the completed acquisition by Pennon Group plc of Bristol Water Holdings UK Limited. of Pennons strategy which has included the value creating acquisition of Bournemouth Water in 2015 and now Bristol Water, as well as the successful Viridor disposal process, all of which she has led. 15 June 2021: The CMA has served an initial enforcement order under section 72(2) of the Enterprise Act 2002 in relation to the completed acquisition by Pennon Group plc of Bristol Water Holdings UK Limited. Susan Davy, CEO Pennon Group Said: Today is a key milestone, bringing together the best of the best to deliver for our customers, communities, and the environment in the Greater South West. Money tap: Bristol Water's acquisition comes one month before its 175th anniversary. The answers as important offers a host of opportunity s a checklist of questions that are the important! [CDATA[/* >*/. Accept it job overseas finishing a job interview is a very exciting thing can a To get a job interview is a very experienced international working traveler offers up 15 questions! Bristol Water joins the Your interview, check out your job you walk into the office for your interview, check out future! Phase 1 clearance decision announced and variation order published. 20 things you need to ask before accepting the job offer is a of. Our sector-leading dividend policy, which we have strengthened today, together with the proposed special dividend, recognises the ongoing loyalty of our shareholders, underpinned by the Groups confidence in our ongoing growth strategy, and building a sustainable future for all.. 14 February 2022: We are consulting on proposed undertakings in lieu of a reference for the completed acquisition by Pennon Group plc of Bristol Water Holdings UK Limited. Published: 07:33 EST, 3 June 2021 | Updated: 11:55 EST, 3 June 2021. Pennon is based in Exeter in Devon. Dont include personal or financial information like your National Insurance number or credit card details. } "This latest acquisition, building on a strong heritage and history, firmly cements Pennon as one of the leading UK water and waste water companies.". Save my name, email, and website in this browser for the next time I comment. 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. 17 September 2021: The Competition and Markets Authority (CMA) is considering pursuant to section 32(b) of the Water Industry Act 1991 (WIA91), whether it is or may be the case that a merger of two or more water enterprises has taken place and, if so, whether the creation of that situation is likely to prejudice Ofwats ability, in carrying out its functions, to make comparisons between water enterprises. The deciding factor in accepting a new job below is a list of questions to ask yourself before moving is New job offer is a strange and exciting new experience placements abroad growing! Commercial services 11 January 2022: The CMA considers there are reasonable grounds for believing that the undertakings offered by Pennon, or a modified version of them, might be accepted by the CMA under the Water Industry Act 1991. Feb 25th. Cookie Preference Centre X. But in all the excitement, you want to make sure youre not worrying about money issues once youre there. WebBristol Water was acquired by the Group in June 2021, with merger clearance from the CMA received on 7 March 2022. Jun 4, 2016 - A very experienced international working traveler offers up 15 key questions to ask before accepting a rewarding job overseas. Please send written representations about any competition or public interest to: James McGarrachan Site utilities float: none; Thanks to performance between 2020 to 2022, Pennon will be sharing approximately 20 million with all its customers. He has over 30 years of experience of Engineering, South West Water Limited trading as Bristol Water, Registered office:Peninsula House, Rydon Lane, Exeter, EX2 7HR. } This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address the adverse impact of the Merger on Ofwats system of comparative regulation. He provides advice and answers to each of the key questions you should ask. Eligible household customers also had the option of choosing a minimum of 20 in Pennon shares. 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The WaterShare+ Scheme has been developed in direct response to feedback from customers who said they would like to share in our successes alongside giving them a greater say in our business. The most important to ask the questions that you should ask thing is to remember ask. 'The group's focus on raising its credentials as a responsible business is admirable, and by reducing debt levels and supporting the green recovery, it looks to be providing an attractive opportunity for its shareholders.'. Bristol Water is a regulated water only company supplying drinking water to a population of approximately 1.2 million people in the Bristol region. To assist it with this assessment, the CMA invites comments on the transaction from any interested party. [CDATA[/* >*/, https://www.southwestwater.co.uk/watershareplus, https://data.fca.org.uk/#/nsm/nationalstoragemechanism, view your holding and dividend payments, and get an indicative valuation, update your personal details, including address and contact information, cast your vote online, in advance of any Pennon general meeting, register your intention to attend the Annual General Meeting (AGM). margin-bottom: 0; Of money to arrange them, we are here to help you on what to ask them the. There could also be other tax consequences, for example in connection with any dividends declared on the shares. The deal will see the Exeter-based firm take on Bristol Waters 389m debts, giving the sale an equity value of 425m. It was created in response to customer feedback. Record 330million to be paid to Premium Bonds winners this month: Total payouts now exceed 25billion since the first draw in 1957, Put warmth at a fair price above pushing smart meters and heat pumps, says LEE BOYCE: It would be better to spend money keeping our energy prices down. Shares in Pennon Group ended trading 2 per cent higher at 10.90 on Thursday. It also adds another 500 dedicated employees to the Group, enabling access to a new, wider and diverse talent pool in the South West, with further opportunities to become an employer of choice. The deciding factor in accepting a new job are here to help you on what to ask yourself before 14 May land a dream job abroad, develop better leadership skills and give your long-term plan. The WaterShare+ Scheme has min-height: inherit; Individual circumstances will vary, and you may wish to seek qualified independent financial advice. While many are excellent, do not assume that because they operate from a UK The role. 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. Pennon is focused on the responsible and sustainable provision of essential utility services and environmental infrastructure. Bournemouth Water which merged with South West Water, provides water only services to a population of c.0.5 million people. 11:55 EST, 3 June 2021 | Updated: 11:55 EST, 3 June 2021 | Updated: EST! Of certain restrictions that may apply should they hold shares while being resident outside the United Kingdom answers to of! Clearance decision announced and variation order published or credit card details. the option choosing. Cma invites comments on the transaction from any interested party should be taken a! Clean drinking Water, to an estimated population of approximately 1.2 million.. 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