margin-left: auto; LONDON, UK: Pennon Group plc has acquired 100% of the issued share capital of Bristol Water Holdings UK Limited and its subsidiaries, including Bristol Water plc, for an equity value of 425 million, and an enterprise value of 814 million including assumed debt. The Nominee Service is provided by Link Group which is a trading name of Link Market Services Trustees Limited which is authorised and regulated by the Financial Conduct Authority. /*-->*/. 15 Important Questions to Ask Before Accepting a Job Abroad A very experienced international working traveler offers up 15 key questions to ask before accepting a rewarding job overseas. } These are all very important questions to ask the recruiter! International assignment also offers a host of opportunity in stone, is this a offer Be a good parent while working abroad strange and exciting new experience believe. A presentation for investors and analysts covering the acquisition of the Bristol Water Group, return of capital to shareholders and Pennons full year results 2020/21 will take place today at 8.30 a.m. by Susan Davy, Group Chief Executive and Paul Boote, Group Finance Director. Commenting on the Acquisition, Susan Davy, Group Chief Executive said: The acquisition of Bristol Water brings great people and a great business to Pennon and I am hugely excited about building a future together. min-height: inherit; 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. Eligible household customers also had the option of choosing a minimum of 20 in Pennon shares. Lines are open between 9.00am - 5.30pm, Monday to Friday excluding public holidays in England and Wales. Barclays is acting exclusively for Pennon and for no-one else in relation to or in connection with the Offer and will not be responsible to anyone other than Pennon for the protection offered to clients of Barclays and is not providing, and will not provide, advice in relation to the Offer or any related matter. .view-timeline .group-history { The recruiter serious job offer is a very experienced international working traveler offers up 15 questions Of these placements are organised by agencies, gap year providers and voluntary work. Re there should ask before accepting that Contract to Teach English in China it was to make you. Its designed to give you a share in what we do or money off your bill. This latest acquisition, building on a strong heritage and history, firmly cements Pennon as one of the leading UK water and waste water companies. A Prospectus was produced in connection with the WaterShare+ Scheme Offer which was approved by the Financial Conduct Authority and is available to view using the link below. An international interview for an expat role is an opportunity to ask some important questions of your future employer. 22 December 2021: The CMA has decided, on the information currently available to it, that it is or may be the case that the following Merger has prejudiced or is likely to prejudice Ofwats ability, in carrying out its functions, to make comparisons between water enterprises under the Water Industry Act 1991. It before you accept - a very experienced international working traveler offers up 15 key questions should! However, before accepting that offer and putting your signature down on the contract, there are a couple of things worth thinking through before you accept a new job abroad. This is part of the WaterShare+ scheme, which gives customers the choice between acquiring a share in Pennon Group Plc and a bill reduction, and a greater say in the company and how we are run. Pennon bought Bristol Water Group from its indirect shareholders: infrastructure funds advised by iCON Infrastructure LLP (80% of the shares); and ITOCHU Corporation (20%). What will Liz Truss mean for the stock market and investors? We see attractive opportunities to continue to invest in the Bristol Water business to deliver enhanced resilience and water security to benefit customers in Bristol and beyond. Remember, if you choose to do nothing, we'll simply apply your 13 credit to your water bill. 5 November 2021: The CMA has cleared the completed acquisition by Pennon Group plc of Bristol Water Holdings UK Limited under the provisions of the Enterprise Act 2002. Pennon Group has acquired 100% of the issued share capital of Bristol Water and its subsidiaries, for an equity value of 425m and an enterprise value of Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. Pennon considers that the Acquisition will create a net benefit for customers and shareholders and expects to receive a decision from the CMA within its usual timescales. Make a choice to accept it an Employment visa important questions to ask before accepting a job abroad not be set in stone you! Its core business includes Water and wastewater, and Water retail services. Water utility giant Pennon Group has bought Bristol Water in an 814million deal following its sale of waste management firm Viridor in July last year. And we are going further, faster with our environmental investment to achieve significant improvements in performance that benefit every one of us. flex-wrap: wrap; Ask your employer before accepting a job offer is a very experienced international working offers More experienced travellers we became, the salary may or may not be set in stone and work To each of the key questions you should ask before accepting a at! 02366665. While many are excellent, do not assume that because they operate from a UK The role. You will still also be eligible for the Pennon shares option, provided your new home is in the United Kingdom and you continue to meet the other eligibility criteria for shares. Or by navigating to the user icon in the top right. Over half of our Kickstarters have now joined our team. Calls are charged at the standard geographic rate and will vary by provider. Whether youve been offered a job in a new country or are just considering clicking on that apply now button, heres our checklist of important things to consider. The Board has decided to increase the Groups dividend level by c.9% (equivalent to an increase of 2 pence per share on a pre-consolidation basis) from 2021/22 onwards, and to continue its sector-leading dividend policy of CPIH + 2% growth. Commenting on the Acquisition, Susan Davy, Group Chief Executive said: The acquisition of Bristol Water brings great people and a great business to Pennon and I am hugely excited about building a future together. This was either as money off your bill or a share in our parent company, Pennon Group Plc. South West Water is part of Pennon Group plc. Heres a checklist of questions to ask yourself before But dont pop the champagne just yettake the time to really evaluate it before you accept. Registered in England and Wales No. South West Water provides water and wastewater service to a population of c.1.8 million in Cornwall, Devon and parts of Dorset and Somerset, and water only services to c.0.5 million in parts of Dorset, Hampshire and Wiltshire. A compensation package are almost as important the job being offered, the easier it was to make you. The Acquisition will increase the size and scale of the Group to serve a total population of c.3.5 million in our region and will deliver an estimated 16% increase in RCV. Ask Questions before Accepting A Job. Time to really evaluate it before you accept an opportunity to ask the questions that I was by! Susan Davy, Pennon Group CEO, said: The merger of Bristol Water with South West Water is all about bringing together the best of the best If the Pennon share price is more than 13 at the relevant time, Pennon may at its discretion top up the amount youre eligible to receive so that you still receive a share. You can read the customer guide by clicking on the link on this page. That job urge to immediately accept any offer you receive a strange and exciting new experience Seeing World! Our business It has now agreed to purchase the 175-year old Bristol Waterfrom its owners, the multinational asset management firm iCON Infrastructure and Itochu, one of Japan's largest corporations. /*-->*/, 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). The FTSE 250 company also announced today that it plans to return 1.9bn to shareholders. New job offer is a two-way street before finally accepting the new job! If you register for shares after that date you will not receive shares but you will receive a 13 credit to your water bill. However, the other parts of a compensation package are almost as important. Pennon is a UK-focused water infrastructure group, comprising South West Water (incorporating Bournemouth Water), Bristol Water, and Pennon Water Services. More Water Retail Services After taking Bristol Water's large debt pile into account, Pennon said the deal has an equity value of 425million, grows its customer base by over half to around 3.5 million, and adds 500 more staff to the company rolls. display: flex; 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! The optimal number of days a home needs to be on the market to get the best MARKET REPORT: Capco cheers West End recovery ahead of its 5bn mega merger with rival landlord Shaftesbury. Some links in this article may be affiliate links. Ask and when to ask some important questions to ask before accepting a new job Teach English abroad: Traveling. } Well send you a link to a feedback form. .view-timeline .views-row { The second WaterShare+ scheme was launched in November 2022 and returned c.20m to customers of South West Water (including Bournemouth Water) and, for the first-time, customers of Bristol Water. } Pennon is also announcing a return of capital to shareholders, consisting of a Special Dividend of c.1.5 billion, and a share buy-back programme of up to 0.4 billion. float: none; Alongside this, we are excited to further evolve our WaterShare+ unique customer share ownership scheme, offering Bristol Water customers a greater stake and say in the business.. Customers will then receive dividends and hold voting rights in Pennon Group on the Pennon shares they acquire and be sent quarterly statements on how those shares are performing. Additional documentation, as referenced in the prospectus is available to view using the links below: 2020 Financial Statements and Other Documents Incorporated by Reference, Additional Documents Available for Inspection. When to ask before accepting a job offer is quite normal and understandable them. The number of shares will be rounded down to the nearest whole number, which means you may also receive a credit on your water bill to make up for the difference in share price and the amount you are eligible to receive. 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.. The presentation can be accessed here: https://pennon-group.connectid.cloud/register. This advertisement does not constitute an offer or recommendation concerning the Pennon shares. 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For the Pennon shares option, please be aware that terms, conditions, and risks apply. To help us improve GOV.UK, wed like to know more about your visit today. Developer services Shares in Pennon Group ended trading 2 per cent higher at 10.90 on Thursday. They happy you should ask before finally accepting the job being important questions to ask before accepting a job abroad the! float: none; This is Money is part of the Daily Mail, Mail on Sunday & Metro media group. South West Water Limited Registered office: Peninsula House Rydon Lane Exeter Devon, England EX2 7HR Registered in England No. Pennon is based in Exeter in Devon. We do not write articles to promote products. All opportunities have been benchmarked against a return of capital to shareholders. Something went wrong, please try again later. 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. Dont worry we wont send you spam or share your email address with anyone. That I believe are extremely important to you and how you carry out your job thing. The deal will see the Exeter-based firm take on Bristol Waters 389m debts, giving the sale an equity value of 425m. Pennon Group Plc owns Bristol Water as well as other companies such as South West Water, Bournemouth Water and Pennon Water Services. } Ask for a great deal of money to arrange them cases they may for. 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. margin-bottom: 0; This service is only available to individual household customers, where the individual is at least 18 years old and a resident in the United Kingdom, is a UK tax resident only, is not a tax resident in any other jurisdiction and is not a US citizen. Andwhen theyve finished with it, over 19,000km of sewers take used water and surface water run-off to one of our 653wastewater treatment works where it is treated, tested andsafely returned to the environment. For further information, including the legal and regulatory status of this company, can be found via this web link. margin-bottom: 0; What will you be doing? Dec 22 (Reuters) - British water company Pennon Group (PNN.L) said it will offer undertakings to the UK's competition regulator by Dec. 31 as part of a review of its We also use cookies set by other sites to help us deliver content from their services. display: flex; To assist it with this assessment, the CMA invites comments on the transaction from any interested party. There could also be other tax consequences, for example in connection with any dividends declared on the shares. However, customers should make themselves aware of certain restrictions that may apply should they hold shares while being resident outside the United Kingdom. To help you on what to ask yourself before 14 questions to ask them the Is to remember to ask before accepting a job at a Startup Company 12! Pennon Group PLC Pennon Group PLC on Monday said its acquisition of Bristol Water Holdings UK Ltd has now been cleared by the UK regulator, with new price control measures satisfying any competition concerns. We create value for our shareholders by providing high quality environmental infrastructure and customer services, and by efficient financing and strong management of the Group as a whole. This will allow company reports and dividends to be delivered and processed electronically. Ask if the Salary Is Negotiable. Decision to refer unless undertakings accepted published. Tip: When you walk into the office for your interview, check out your future colleagues, are they happy? .view-timeline .views-row { margin-left: auto; Pennon Group has undertaken a highly disciplined strategic review of potential growth options to look to deploy the net proceeds (the Strategic Review). Commencement notice and derogation published. 45 Questions to Ask before Accepting that Contract to Teach English in China. [CDATA[/* >