South West Water (SWW) has started sending to eligible customers, details of how to apply for shares in the water company’s parent, Pennon Group.
The company has launched its WaterShare+ Scheme, to distribute the shares to SWW customers for free. This followed approval by Pennon shareholders at the annual general meeting on 31 July.
The £20m scheme will provide customers with shares to the value of £20 each. A prospectus setting out the WaterShare+ Scheme Offer is available on Pennon’s website.
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