30th Jun 2010 09:48
UNITED UTILITIES GROUP PLC DIRECTORS' AND PDMR'S SHAREHOLDINGS DEFERRED SHARE AWARD PLAN 30 JUNE 2010 Deferred Share Award Plan
The following awards vested on 11 June 2010 pursuant to the rules of the deferred share award scheme (`the scheme') as approved by the board on 25 November 2008. 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. The mid market price on 11 June 2010 was 560p per share. Newly issued or treasury shares cannot be used to satisfy awards under this plan. 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 - 11 June 2010
Name of director/ No. of Number of Cash exercisesenior manager Ordinary Ordinary Shares value at 560pdischarging managerial shares Vesting per shareresponsibilities awarded (Gross) Steven Fraser 6,674 7,279 £40,762.40 Matthew Wright 8,899 9,706 £54,353.00
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 OTC in the USA under the Trading Symbol "UUGRY".
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