31st Jul 2007 15:02
UNITED UTILITIES PLC MATCHING SHARE AWARD PLAN 31 JULY 2007
The ordinary shares in United Utilities PLC in column 1 below were allotted in the UK after close of the market on 30 July 2007 to the undernoted directors and persons discharging managerial responsibility at full market value. These shares will constitute investment shares as defined in the rules of the United Utilities PLC 2007 Matching Share Award Plan (the "Plan") which was approved by the shareholders at the Annual General Meeting on 27 July 2007.
On 30 July 2007, the trustees of the Plan granted in the UK, matching share awards as listed in column 2 below. The matching share awards give each executive an option to acquire up to a maximum number of ordinary shares in United Utilities plc at nil cost to them subject to the rules of the Plan. The actual number of ordinary shares which will vest will depend upon the extent to which the established performance conditions are satisfied over the performance period. Under the rules, the awards are subject to uplift for notional dividends made or paid during the performance period.
Column 1 Column 2 Name of director No of Price per No. of Price paid Price Performance/senior manager investment share Matching for payable perioddischarging shares paid on shares matching on managerial allotted allotment awarded share exercise responsibilities ‚£ award ‚£ of matching share award ‚£ Charlie Cornish 4,308 ‚£6.62 14,606 nil nil 01/04/2007 to 31/03/ 2010 Philip Green 21,756 ‚£6.62 51,624 nil nil 01/04/2007 to 31/03/ 2010 Clive Elphick 4,875 ‚£6.62 8,264 nil nil 01/04/2007 to 31/03/ 2010 Gaynor Kenyon 2,866 ‚£6.62 4,858 nil nil 01/04/2007 to 31/03/ 2010 Tim Weller 9,277 ‚£6.62 22,015 nil nil 01/04/2007 to 31/03/ 2010 Totals 43,082 101,367
Further information can be obtained from Paul Davies, Company Secretary 44 1 925 237051.
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United Utilities' ordinary shares trade on the London Stock Exchange and its ADRs, each equal to two ordinary shares, trade over the counter under the Trading Symbol "UUPLY".
UNITED UTILITIES PLCRelated Shares:
United Utilities