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Pennon Group plc ( (GB:PNN) ) has shared an announcement.
Pennon Group plc announced the successful completion of a Rump Placing as part of its Rights Issue, managed by Barclays Bank PLC and Morgan Stanley & Co. International plc. The placing was oversubscribed, reflecting strong investor confidence in the company and supporting Pennon’s substantial capital investment program aimed at enhancing service delivery to customers, the environment, and shareholders over the next five years.
More about Pennon Group plc
Pennon Group plc is a British company operating in the utilities industry, primarily focused on water and wastewater services. It serves a significant portion of the UK market, delivering essential services to residential and commercial customers.
YTD Price Performance: 3.67%
Average Trading Volume: 1,831,471
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.22B
Find detailed analytics on PNN stock on TipRanks’ Stock Analysis page.
