2nd Aug 2011 13:28
UNITED UTILITIES GROUP PLC DIRECTORS' AND PDMRS' SHAREHOLDINGS NOTIONAL AND ACTUAL DIVIDEND REINVESTMENTS 2 AUGUST 2011
Performance Share Plan
Under the rules of the performance share plan, awards are subject to uplift for notional dividends made or paid during the performance period. Accordingly, the dividend shares shown below have been notionally added to and form part of the award. In respect of the final dividend of 20.00 pence per share paid on 1 August 2011, the number of additional shares granted has been calculated using the closing share price on 1 August 2011 of 584.50 pence per share. The figures reflect the maximum number of shares over which the option might be exercised. The actual number will depend upon the extent to which the established performance conditions are satisfied over the performance period. The awards are issued for nil consideration and may be exercised at nil cost to the participant.
Awarded 6 August 2008 - Performance period 1 April 2008 to 31 March 2011
Name of person Original Cumulative Shares added Balancedischarging managerial balance on for dividend carriedresponsibilities no. of which paid 1 forward Ordinary notional August 2011 shares dividend paid awarded Gaynor Kenyon 11,872 14,321 490 14,811
Awarded 23 June 2009 - Performance period 1 April 2009 to 31 March 2012
Name of person Original Cumulative Shares added Balancedischarging managerial balance on for dividend carriedresponsibilities no. of which paid 1 forward Ordinary notional August 2011 shares dividend paid awarded Gaynor Kenyon 16,467 18,653 638 19,291 Steven Fraser 19,900 22,541 771 23,312
Awarded 13 July 2010 - Performance period 1 April 2010 to 31 March 2013
Name of director/ Original Cumulative Shares added Balance senior manager no. of balance on for dividend carried discharging Ordinary which paid 1 August forward managerial shares notional 2011 responsibilities awarded dividend paid Paul Worthington 22,091 23,373 799 24,172 Gaynor Kenyon 14,923 15,788 540 16,328 Steven Fraser 18,034 19,080 652 19,732 Russ Houlden 47,578 50,339 1,722 52,061
Awarded 8 July 2011 - Performance period 1 April 2011 to 31 March 2014
Name of person Original no. Shares added Balancedischarging of Ordinary for dividend carriedmanagerial shares paid 1 August forwardresponsibilities awarded 2011 Steve Mogford 75,020 2,566 77,586 Russ Houlden 46,166 1,579 47,745 Paul Worthington 20,197 691 20,888 Gaynor Kenyon 14,427 493 14,920 Steven Fraser 18,961 648 19,609 Sally Cabrini 17,724 606 18,330 Neil Colman 13,190 451 13,641 Anthony Conway 13,190 451 13,641
Matching Share Award Plan
Under the rules of the matching share award plan, awards are subject to uplift for notional dividends made or paid during the performance period. Accordingly, the dividend shares shown below have been notionally added to and form part of the award. In respect of the final dividend of 20.00 pence per share paid on 1 August 2011, the number of additional shares granted has been calculated using the closing share price on 1 August 2011 of 584.50 pence per share. The figures reflect the maximum number of shares over which the option might be exercised. The actual number will depend upon the extent to which the established performance conditions are satisfied over the performance period. The awards are issued for nil consideration and may be exercised at nil cost to the participant.
Awarded 8 August 2008 Performance period 1 April 2008 to 31 March 2011
Name of director/ No. of Cumulative Shares added Balancesenior manager Ordinary balance on for dividend carrieddischarging shares which paid 1 August forwardmanagerial awarded notional 2011 responsibilities dividend paid Gaynor Kenyon 5,305 6,937 218 6,615
Awarded 8 July 2011 Performance period 1 April 2011 to 31 March 2014
Name of director/ No. of Shares added Balancesenior manager Ordinary for dividend carrieddischarging shares paid 1 August forwardmanagerial awarded 2011 responsibilities Steve Mogford 16,313 558 16,871 Russ Houlden 21,140 723 21,863 Sally Cabrini 9,025 308 9,333 Steven Fraser 9,965 340 10,305 Gaynor Kenyon 2,595 88 2,683
Deferred Share Award Plan
Under the rules of the deferred share award scheme (`the scheme') awards are subject to uplift for notional dividends made or paid during the vesting period. Accordingly the dividend shares shown below have been notionally added to and form part of the award. In respect of the final dividend of 20.00 pence per share paid on 1 August 2011, the number of additional shares awarded has been calculated using the closing share price on 1 August 2011 of 584.50 pence per share. Under the terms of the scheme, awards will (which are structured as options to acquire shares in the company with a zero exercise price) be satisfied by using shares purchased in the market or by payment of a cash amount equal to the market value, on the date of exercise, of the shares (including dividend equivalent shares) held. Newly issued or treasury shares cannot be used to satisfy awards under this plan. No directors of the company can participate in the scheme. The awards will normally become capable of exercise after the end of the vesting period and must be exercised within 90 days thereafter. The ability to exercise an award is not subject to satisfying a performance target.
Vesting period - 30 January 2009 - 5 August 2011
Name of director/ No. of Cumulative Shares Balancesenior manager Ordinary balance on added for carrieddischarging managerial shares which dividend forwardresponsibilities awarded notional paid 1 dividend paid August 2011 Neil Colman 1,045 1,203 41 1,244 Steven Fraser 6,767 7,810 267 8,077
Vesting period - 23 June 2009 - 23 June 2012
Name of director/ No. of Cumulative Shares added Balancesenior manager Ordinary balance on for dividend carrieddischarging shares which paid 1 August forwardmanagerial awarded notional 2011 responsibilities dividend paid Steven Fraser 6,766 7,663 262 7,925
Matched Share Investment Schemes
Russ Houlden - awarded 1 October 2010
As part of the terms of Russ Houlden's recruitment, the company established a matched share incentive scheme for him as sole participant by which the company undertook to match an investment of 36,710 shares made by Mr Houlden himself upon his appointment provided he remains with the company until October 2015. The award is subject to uplift for notional dividends made or paid during the period. In respect of the final dividend of 20.00p per share paid on 1 August 2011, the number of additional shares granted has been calculated using the closing share prices on 1 August 2011 of 584.50 pence per share.
No. of Cumulative Shares added Balance Ordinary balance on for dividend carried shares which paid 1 forward awarded notional August 2011 dividend paid 36,710 37,377 1,278 38,655
Steve Mogford - awarded 27 May 2011
As part of the terms of Steve Mogford's recruitment, the company established a matched share incentive scheme for him as sole participant by which the company undertook to match an investment of 86,742 shares made by Mr Mogford himself upon his appointment provided he remains with the company until January 2016. The award is subject to uplift for notional dividends made or paid during the period. In respect of the final dividend of 20.00p per share paid on 1 August 2011, the number of additional shares granted has been calculated using the closing share prices on 1 August 2011 of 584.50 pence per share.
No. of Shares added Balance Ordinary for dividend carried shares paid 1 August forward awarded 2011 86,742 2,968 89,710Share Incentive Plan
Notification was been received today that the Trustee, Equiniti Share Plan Trustees Limited, purchased ordinary shares of 5p each on behalf of the following directors/PDMRs on 1 August 2011, as dividend reinvestment shares in accordance with the rules of the Company's HMRC approved share incentive plan. The shares were purchased at a price of 590.0 pence per share.
Name of director/person Balance held No. of Shares Revised balance discharging managerial prior to purchased responsibility dividend purchase Steven Fraser 1,770 60 1,830 Simon Gardiner 2,718 92 2,810 Gaynor Kenyon 1,505 50 1,555 Neil Colman 2,460 83 2,543 Paul Worthington 254 8 262
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Further information can be obtained from Jane Gilmore, Deputy Company Secretary 44 1 925 237052.
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United Utilities Group's ordinary shares trade on the London Stock Exchange and its ADRs, each equal to two ordinary shares, trade over the counter using the trading symbol "UUGRY"
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