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Market Impact: 0.4
Pennon Group Resets Strategy With £550M Rights Issue, Dividend Cut and Asset Investment
Source: marketbeat.com
Company FundamentalsCorporate Guidance & OutlookCapital Returns (Dividends / Buybacks)M&A & Restructuring
Pennon Group outlined an operational recovery and investment reset, including a £550 million rights issue, a rebased dividend and the planned sale of Pennon Power. The funding and capital-return changes indicate a significant shift in the company’s financial plan.
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