Giving you a greater say in your water company
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.