WaterShare+ Shares Scheme
Giving you a greater say in your water company.
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WaterShare+ is a unique scheme that rewards our customers when we outperform and gives you a greater say in how we operate.
As part of the scheme, we offer our customers shares in our parent company, Pennon Group Plc, or money off your water bill.
What’s included in the share scheme
Through WaterShare plus, we are demonstrating how a socially responsible model can successfully develop in a monopoly market. Listening to our customers, in 2020 we launched our first WaterShare+ share issuance.
Sharing financial outperformance arising from delivery on our regulatory plans, we have offered money off bills or share ownership. So far, we have c.80,000 customers who have become shareholders through the two issuances we have had.
This equates to nearly four times the number of institutional shareholders. Customers have all the voting rights this affords, whether holding us to account at quarterly public meetings, or attending the Pennon AGM.
When we next run the scheme, there’ll be more information about how you can get involved. Watch this space.
WaterShare+ FAQs
Who is Pennon Group?
Pennon Group Plc owns Bristol Water as well as other companies such as South West Water, Bournemouth Water and Pennon Water Services. It is a public limited company (plc), and its shares are traded on the London Stock Exchange. Pennon is based in Exeter in Devon. For information visit pennon-group.co.uk.
Why am I getting this £13?
In Pennon's five-year business plans, there's a commitment to sharing its success with customers. Thanks to performance between 2020 to 2022, Pennon will be sharing approximately £20 million with all its customers. 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.
Will I still get £13 if I owe you money from unpaid bills?
Yes. We can also help you if you are struggling to pay your water bills – please let us know as various support schemes are available. If you are struggling to pay your water bills, then it is unlikely that the share option is the right choice for you.
Do I have to pay tax on my £13?
No. However, if you choose the share option – you may have to pay capital gains tax if you make a profit above a certain limit when you sell shares. There could also be other tax consequences, for example in connection with any dividends declared on the shares. Individual circumstances will vary, and you may wish to seek qualified independent financial advice.
How does the share scheme work?
If you choose the share option, your £13 will be used to purchase Pennon shares listed on the London Stock Exchange. 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. If the Pennon share price is more than £13 at the relevant time, Pennon may at its discretion top up the amount you’re eligible to receive so that you still receive a share. The shares will be acquired by Link Market Services Trustees Limited, part of Link Market Services, Pennon’s share registrar, who will hold the shares on behalf of participating customers. 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.
The share scheme is online only - customers need to provide an email address and bank account details. This will allow company reports and dividends to be delivered and processed electronically.
For the Pennon shares option, please be aware that terms, conditions, and risks apply. See the Customer Guide for further details. 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. Please note, nothing in this letter should be taken as a recommendation to take any particular action.
Please note that the value of shares and any income derived from them can either decrease or increase, and you may not get back your original investment. If you are in any doubt as to what action to take, please contact an authorised financial advisor.
Can I sell a Pennon share received under WaterShare+?
Yes, you can.
Can I buy more shares?
Yes, you can.
What happens if I move home or stop being an account holder after the scheme has started?
If you move to a new home after you have registered your choice during the registration period, then don’t worry. You are still entitled to the £13 credit on your account. 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.
If you opt for a share – this will be yours until you decide to sell it even if you no longer live in the south west region. However, customers should make themselves aware of certain restrictions that may apply should they hold shares while being resident outside the United Kingdom.
Who is Pennon Group?
Pennon Group Plc owns Bristol Water as well as other companies such as South West Water, Bournemouth Water and Pennon Water Services. It is a public limited company (plc), and its shares are traded on the London Stock Exchange. Pennon is based in Exeter in Devon. For information visit pennon-group.co.uk.
Why am I getting this £13?
In Pennon's five-year business plans, there's a commitment to sharing its success with customers. Thanks to performance between 2020 to 2022, Pennon will be sharing approximately £20 million with all its customers. 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.
Will I still get £13 if I owe you money from unpaid bills?
Yes. We can also help you if you are struggling to pay your water bills – please let us know as various support schemes are available. If you are struggling to pay your water bills, then it is unlikely that the share option is the right choice for you.
Do I have to pay tax on my £13?
No. However, if you choose the share option – you may have to pay capital gains tax if you make a profit above a certain limit when you sell shares. There could also be other tax consequences, for example in connection with any dividends declared on the shares. Individual circumstances will vary, and you may wish to seek qualified independent financial advice.
How does the share scheme work?
If you choose the share option, your £13 will be used to purchase Pennon shares listed on the London Stock Exchange. 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. If the Pennon share price is more than £13 at the relevant time, Pennon may at its discretion top up the amount you’re eligible to receive so that you still receive a share. The shares will be acquired by Link Market Services Trustees Limited, part of Link Market Services, Pennon’s share registrar, who will hold the shares on behalf of participating customers. 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.
The share scheme is online only - customers need to provide an email address and bank account details. This will allow company reports and dividends to be delivered and processed electronically.
For the Pennon shares option, please be aware that terms, conditions, and risks apply. See the Customer Guide for further details. 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. Please note, nothing in this letter should be taken as a recommendation to take any particular action.
Please note that the value of shares and any income derived from them can either decrease or increase, and you may not get back your original investment. If you are in any doubt as to what action to take, please contact an authorised financial advisor.
Can I sell a Pennon share received under WaterShare+?
Yes, you can.
Can I buy more shares?
Yes, you can.
What happens if I move home or stop being an account holder after the scheme has started?
If you move to a new home after you have registered your choice during the registration period, then don’t worry. You are still entitled to the £13 credit on your account. 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.
If you opt for a share – this will be yours until you decide to sell it even if you no longer live in the south west region. However, customers should make themselves aware of certain restrictions that may apply should they hold shares while being resident outside the United Kingdom.
Who is Pennon Group?
Pennon Group Plc owns Bristol Water as well as other companies such as South West Water, Bournemouth Water and Pennon Water Services. It is a public limited company (plc), and its shares are traded on the London Stock Exchange. Pennon is based in Exeter in Devon. For information visit pennon-group.co.uk.
Why am I getting this £13?
In Pennon's five-year business plans, there's a commitment to sharing its success with customers. Thanks to performance between 2020 to 2022, Pennon will be sharing approximately £20 million with all its customers. 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.
Will I still get £13 if I owe you money from unpaid bills?
Yes. We can also help you if you are struggling to pay your water bills – please let us know as various support schemes are available. If you are struggling to pay your water bills, then it is unlikely that the share option is the right choice for you.
Do I have to pay tax on my £13?
No. However, if you choose the share option – you may have to pay capital gains tax if you make a profit above a certain limit when you sell shares. There could also be other tax consequences, for example in connection with any dividends declared on the shares. Individual circumstances will vary, and you may wish to seek qualified independent financial advice.
How does the share scheme work?
If you choose the share option, your £13 will be used to purchase Pennon shares listed on the London Stock Exchange. 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. If the Pennon share price is more than £13 at the relevant time, Pennon may at its discretion top up the amount you’re eligible to receive so that you still receive a share. The shares will be acquired by Link Market Services Trustees Limited, part of Link Market Services, Pennon’s share registrar, who will hold the shares on behalf of participating customers. 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.
The share scheme is online only - customers need to provide an email address and bank account details. This will allow company reports and dividends to be delivered and processed electronically.
For the Pennon shares option, please be aware that terms, conditions, and risks apply. See the Customer Guide for further details. 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. Please note, nothing in this letter should be taken as a recommendation to take any particular action.
Please note that the value of shares and any income derived from them can either decrease or increase, and you may not get back your original investment. If you are in any doubt as to what action to take, please contact an authorised financial advisor.
Can I sell a Pennon share received under WaterShare+?
Yes, you can.
Can I buy more shares?
Yes, you can.
What happens if I move home or stop being an account holder after the scheme has started?
If you move to a new home after you have registered your choice during the registration period, then don’t worry. You are still entitled to the £13 credit on your account. 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.
If you opt for a share – this will be yours until you decide to sell it even if you no longer live in the south west region. However, customers should make themselves aware of certain restrictions that may apply should they hold shares while being resident outside the United Kingdom.
Important information
References to and details of the customer share offer (the “Offer”) in Pennon Group Plc (“Pennon”) on this website are an advertisement and not a prospectus for the purposes of the EU Prospectus Regulations. The references to and details of the Offer, which have been prepared by and are the sole responsibility of Pennon, have been approved solely for the purposes of section 21 of the Financial Services and Markets Act 2020, as amended by Barclays Bank PLC (“Barclays”) on 11 November 2022.
Barclays, whose registered address is at 1 Churchill Place, London E14 5HP, is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. 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.
Customers should not elect to acquire the Pennon shares in the Offer except on the basis of the information contained in the customer guide published by Pennon. You can read the customer guide by clicking on the link on this page.
This advertisement does not constitute an offer or recommendation concerning the Pennon shares. 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. Registered office: Central Square, 10th Floor, 29 Wellington Street, Leeds LS1 4DL. Registered in England and Wales No. 027279260. For further information, including the legal and regulatory status of this company, can be found via this web link.