Investing in the Company
As an employee there is an opportunity to buy shares in the Company.
Employees are given the opportunity to join the Pennon Group's Sharesave Scheme. This is a option to buy shares at a discounted price at the end of the savings period.
The option price of the shares will be fixed before you start saving. It will be based on the current Stock Market price less a valuable discount of 20%. No matter how much the market price may have risen after 3, 5 or 7 years when the opportunity arrives for you to buy Pennon Group Plc shares, you will still be able to buy them at the special option price.
Share Incentive Plan
The Pennon Group Share Incentive Plan is an employee share plan which offers you the opportunity to buy ordinary shares of Pennon Group Plc (Shares) through deductions from your pre-tax pay. As the deduction is taken from your pre-tax earnings, you save the income tax and National Insurance Contribution you would otherwise have paid on the amount you invest.
As an employee you will own the Shares you purchase and, as a shareholder be entitled to vote at shareholders' meetings and receive dividends. You will also have the opportunity to reinvest your dividends in the Share Incentive Plan if you so wish.