Pennon is also proposing an on-market share buy-back programme of up to 0.4 billion expected to be conducted through to September 2022, noting that this may be reconsidered if other attractive growth opportunities are identified. min-height: inherit; I am just finishing a job teaching English in China. Commenting on the Acquisition, Susan Davy, Group Chief Executive said: The acquisition of Bristol Water brings great people and a great business to Pennon and I am hugely excited about building a future together. flex-wrap: wrap; The presentation will be followed by a live Q&A conference call at 10.00 a.m. 1 Based on assumed net debt of approximately 389 million as at 31 March 20212 Relating solely to the regulated business, Bristol Water plc, reflecting value attributed by Pennon to other activities3 Before Acquisition-related fair value adjustments,