03:16 AM EDT, 10/07/2026 (MT Newswires) -- Pennon Group (PNN.L) intends to raise 550 million pounds sterling through a fully underwritten rights issue of 220,257,997 new shares at 2.50 pounds each. The British water utility will offer qualifying shareholders seven new ordinary shares for every 15 existing shares held, according to a Wednesday filing. Pennon said the proceeds will support increased investment across its regulated water businesses, including its cost change reopener program, while helping maintain gearing within its long-term policy range through March 2030.

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