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United Utilities Group PLC Post Transaction Report May 2026
| Category | Details
| United Utilities Group PLC |
| Transaction details | The Equity Issue of 60,975,610 New Ordinary Shares comprises the Placing to institutional investors (including the cornerstone commitment from ATLAS Infrastructure with the Future Fund), the Retail Offer to eligible UK retail investors via RetailBook and the Director Subscription by certain directors, and represents, in aggregate, approximately 8.9 per cent (being less than 10 per cent) of the existing issued ordinary share capital of the Company prior to the Equity Issue. Settlement for the Placing Shares, Retail Offer Shares and Director Subscription Shares and Admission are expected to take place on or before 8.00 a.m. on 5 May 2026. |
| Retail investors | The Equity Issue included the Retail Offer, for a total of 381,000 Retail Offer Shares, via the RetailBook platform. Retail investors who participated in the Retail Offer were able to do so at the same Placing Price as all other investors participating in the Placing and the Director Subscription. The Retail Offer was made available to existing shareholders and new investors in the UK. Investors were able to participate through RetailBook's partner network of retail brokers, wealth managers and investment platforms. As such, to the extent practicable on the transaction timetable, eligible UK retail investors (including certificated retail shareholders) had the opportunity to participate in the Retail Offer alongside institutional investors. Allocations in the Retail Offer were preferentially directed towards existing shareholders in keeping with the principle of soft pre-emption. |
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The Placing Price represents a discount of 9.9% to the middle market price of 1,457 pence at the time at which the Company and the Joint Global Coordinators agreed the Placing Price. ↩