Holding(s) in Company
Bank of America Corporation, through Merrill Lynch International, has crossed a notification threshold for Pennon Group PLC, now holding a total of 5.256179% of voting rights, comprising 3.098849% directly attached to shares and 2.157330% through financial instruments. This change, effective October 13, 2026, represents a significant increase from their previous notification of 0.247501%. The total number of voting rights held is 24,808,190.
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Issuer Details
ISIN
GB00BNNTLN49
Issuer Name
PENNON GROUP PLC
UK or Non-UK Issuer
UK
Reason for Notification
An acquisition or disposal of voting rights; An acquisition or disposal of financial instruments
Details of person subject to the notification obligation
Name
Bank of America Corporation
City of registered office (if applicable)
Wilmington
Country of registered office (if applicable)
United States
Details of the shareholder
| Name | City of registered office | Country of registered office |
| Merrill Lynch International | London | United Kingdom |
Date on which the threshold was crossed or reached
13-Oct-2026
Date on which Issuer notified
14-Oct-2026
- Total positions of person(s) subject to the notification obligation
| % of voting rights attached to shares (total of 8.A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer | |
|---|---|---|---|---|
| Resulting situation on the date on which threshold was crossed or reached | 3.098849 | 2.157330 | 5.256179 | 24808190 |
| Position of previous notification (if applicable) | 0.010795 | 0.236706 | 0.247501 | |
| 8A. Voting rights attached to shares | ||||
| Class/Type of shares ISIN code(if possible) | Number of direct voting rights (DTR5.1) | Number of indirect voting rights (DTR5.2.1) | % of direct voting rights (DTR5.1) | % of indirect voting rights (DTR5.2.1) |
| GB00BNNTLN49 | 14618625 | 3.097288 | ||
| US7083262029 | 7368 | 0.001561 | ||
| Sub Total 8.A | 14625993 | 3.098849% | ||
| 8B1. Financial Instruments according to (DTR5.3.1R.(1) (a)) | ||||
| Type of financial instrument | Expiration date | Exercise/conversion period | Number of voting rights that may be acquired if the instrument is exercised/converted | % of voting rights |
| Right to Recall | n/a | n/a | 3580258 | 0.758559 |
| Sub Total 8.B1 | 3580258 | 0.758559% | ||
- Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
| Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting rights |
|---|---|---|---|---|---|
| Swaps | 13/11/2026 | N/A | Cash | 671 | 0.000142 |
| Swaps | 18/11/2026 | N/A | Cash | 500000 | 0.105936 |
| Swaps | 11/12/2026 | N/A | Cash | 101278 | 0.021458 |
| Swaps | 15/01/2027 | N/A | Cash | 1565 | 0.000332 |
| Swaps | 16/04/2027 | N/A | Cash | 165018 | 0.034963 |
| Swaps | 26/04/2027 | N/A | Cash | 51506 | 0.010913 |
| Swaps | 17/05/2027 | N/A | Cash | 42517 | 0.009008 |
| Swaps | 25/06/2027 | N/A | Cash | 54288 | 0.011502 |
| Swaps | 09/09/2027 | N/A | Cash | 26649 | 0.005646 |
| Swaps | 13/09/2027 | N/A | Cash | 117148 | 0.024821 |
| Swaps | 15/09/2027 | N/A | Cash | 151513 | 0.032101 |
| Swaps | 15/10/2027 | N/A | Cash | 2196730 | 0.465427 |
| Swaps | 29/10/2027 | N/A | Cash | 53192 | 0.011270 |
| Swaps | 01/11/2027 | N/A | Cash | 303889 | 0.064386 |
| Swaps | 08/11/2027 | N/A | Cash | 1250000 | 0.264841 |
| Swaps | 30/11/2027 | N/A | Cash | 1000000 | 0.211873 |
| Swaps | 15/02/2028 | N/A | Cash | 135614 | 0.028733 |
| Swaps | 28/02/2028 | N/A | Cash | 115858 | 0.024547 |
| Swaps | 31/03/2028 | N/A | Cash | 102166 | 0.021646 |
| Option | 23/04/2032 | N/A | Cash | 30632 | 0.006490 |
| Option | 15/01/2027 | N/A | Cash | 84399 | 0.017882 |
| Option | 28/06/2027 | N/A | Cash | 7234 | 0.001533 |
| Option | 30/05/2028 | N/A | Cash | 64997 | 0.013771 |
| Option | 04/02/2031 | N/A | Cash | 45075 | 0.009550 |
| Sub Total 8.B2 | 6601939 | 1.398771% |
- Information in relation to the person subject to the notification obligation
| Ultimate controlling person | Name of controlled undertaking | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold |
| Bank of America Corporation | Bank of America, National Association | |||
| Bank of America Corporation | BofA Securities, Inc. | |||
| Bank of America Corporation | Merrill Lynch International | 3.084274 | 4.780269% | |
| Bank of America Corporation | U.S. Trust Company of Delaware | |||
| Bank of America Corporation | BofA Securities Europe SA |
In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
If date does not apply, explain below
- Additional Information
- Date of Completion
14-Oct-2026
Place Of Completion
London, United Kingdom
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