29th Jan 2007 15:59
Northumbrian Water Group PLC29 January 2007 Northumbrian Water Group plc (the "Company") Notification of directors' interests and Sale by employee trust The Company has been informed that Northumbrian Water Share Scheme TrusteesLimited (the "Trustee") of the NWG Long Term Incentive Plan (the "Plan") hastoday, 29 January 2007, transferred ordinary 10 pence shares to directors of theCompany at nil cost pursuant to the rules of the Plan. The transfer of shares ispursuant to a conditional award of shares made on 27 January 2004. John Cuthbert, a director, acquired 61,737 shares under the LTIP, representing0.012% of the Company's issued capital. Of these, 25,387 shares (0.005%) weresold at £2.955 per share to meet tax liabilities. A further 10,000 shares weretransferred to family members over the age of 18 and the balance of 26,350shares was transferred to Mrs L E Cuthbert. Mr Cuthbert's beneficial holding inthe Company is now 129,915 shares, representing 0.025% of the Company's issuedshare capital. Chris Green, a director, acquired 40,833 shares under the LTIP, representing0.008% of the Company's issued capital. Of these, 16,791 shares (0.003%) weresold at £2.955 per share to meet tax liabilities, and the balance of 24,042shares was transferred to Mrs G F Green. Mr Green's beneficial holding in theCompany is now 92,607 shares, representing 0.018% of the Company's issued sharecapital. The Trustee has also transferred at nil cost 78,654 shares to participants, notbeing directors of the Company nor persons discharging managerial responsibility("PDMRs"), under the Plan. Of these, 9,820 shares have been sold to meet taxliabilities. Following this reduction, the Trust holds 865,444 shares, representing 0.167% ofthe Company's issued share capital. The Trust holds these shares in order to satisfy awards made under the Company'sLTIP, and so John Cuthbert and Chris Green, as executive directors of theCompany, and Ceri Jones and Graham Neave, as PDMRs, are potential beneficiariesof these shares held in the Trust. This notification is made in accordance with DTR3.1.4R(1). Name of contact and telephone number for queries Martin Parker, Company Secretary Tel: 0191 301 6746 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Natwest