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Pennon Group plc ( (GB:PNN) ) has issued an announcement.
Pennon Group PLC has reported a change in major shareholdings, following JPMorgan Chase & Co.’s acquisition of financial instruments which has increased its total voting rights in Pennon to 5.078645%. This announcement highlights a significant shift in Pennon’s shareholder structure, with JPMorgan now holding a substantial influence in the company. The change may impact Pennon’s strategic decisions and future operations, as major shareholders often have significant sway over corporate governance.
More about Pennon Group plc
YTD Price Performance: -1.17%
Average Trading Volume: 1,741,786
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.1B
See more insights into PNN stock on TipRanks’ Stock Analysis page.
