16th Jan 2007 11:47
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1) An issuer making a notification in respect of a transactions relating tothe shares or debentures of the issuer should complete boxes 1 to 16, 23 and24.
(2) An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8,, 13, 14 ,16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3and 17 to 24.
(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
Please complete all relevant boxes should be in block capital letters
1. Name of the issuer 2. State whether the notification relates to (i) a transaction UNITED UTILITIES PLC notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4R(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii) BOTH (i) AND (ii)
3. Name of person discharging 4. State whether notification relates
managerial responsibilities/ to a person connected with a person director discharging managerial responsibilities/director named in 3 PHILIP GREEN and identify the connected person N/A 5. Indicate whether the 6. Description of shares (including
notification is in respect of a class), debentures or derivatives or
holding of the person referred financial instruments relating to to in 3 or 4 above or in respect shares of a non-beneficial interest ORDINARY SHARES OF ‚£1 EACH DIRECTOR
7. Name of registered shareholders 8. State the nature of the transaction
(s) and, if more than one, the number of shares held by each of GRANT OF SHARE OPTION them N/A
9. Number of shares, debentures or 10. Percentage of issued class acquired
financial instruments relating (treasury shares of that class to shares acquired should not be taken into account when calculating percentage)
11. Number of shares, debentures or 12. Percentage of issued class disposed
financial instruments relating (treasury shares of that class to shares disposed should not be taken into account when calculating percentage) 13. Price per share of value of 14. Date and place of transaction transaction
15. Total holding following 16. Date issuer informed of transaction
notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. Date of grant 18. Period during which or date on which it can be exercised 16 JANUARY 2007 AT ANY TIME DURING THE PERIOD COMMENCING ON 12 FEBRUARY 2011 AND ENDING ON 12 AUGUST 2011 19. Total amount paid (if any) for 20. Description of shares or debentures grant of the option involved (class and number) ZERO ORDINARY SHARES. INITIALLY 100,000 ORDINARY SHARES ARE SUBJECT TO THE OPTION BUT THE NUMBER OF SHARES OVER WHICH THE OPTION MAY EVENTUALLY BE EXERCISED WILL BE INCREASED OVER TIME BY REFERENCE TO THE DIVIDENDS THAT ARE PAID IN RELATION TO THE 100,000 SHARES INITIALLY PLACED UNDER THE OPTION. THIS DIVIDEND ENHANCEMENT MECHANISM PROVIDES THAT EACH TIME A DIVIDEND IS PAID, THE NUMBER OF SHARES THAT COULD HAVE BEEN ACQUIRED USING THE AGGREGATE DIVIDEND NOTIONALLY RECEIVED IN RELATION TO THE SHARES UNDER THE OPTION (AT A PRICE EQUAL TO THE MARKET VALUE OF THE SHARES AT THE TIME THE DIVIDEND IS PAID) SHALL BE NOTIONALLY ADDED TO THE NUMBER OF SHARES UNDER THE OPTION. AT THE POINT OF EXERCISE, PHILIP GREEN WILL BE ENTITLED TO ACQUIRE THESE ADDITIONAL DIVIDEND SHARES (OR A PROPORTION OF THEM).
21. Exercise price (if fixed at a 22. Total number of shares or debentures
time of grant) indication that over which options held following
price is to be fixed at the time notification of exercise 100,000 ZERO 23. Any additional information 24. Name of contact and telephone number for queries PHILIP GREEN COMMENCED EMPLOYMENT WITH THE COMPANY ON PAUL DAVIES, COMPANY SECRETARY 13 FEBRUARY 2006 AND WAS APPOINTED AS A DIRECTOR OF THE + 44 1 925 237051 COMPANY ON 20 FEBRUARY 2006. AS PART OF THE TERMS OF HIS RECRUITMENT THE COMPANY AGREED TO ESTABLISH A MATCHED SHARE INVESTMENT SCHEME. THIS IS A LONG TERM INCENTIVE SCHEME UNDER WHICH PHILIP GREEN IS THE SOLE PARTICIPANT. THE OPTION HAS BEEN GRANTED TO PHILIP GREEN UNDER THE TERMS OF HIS LONG TERM INCENTIVE SCHEME TO MATCH THE INVESTMENT THAT PHILIP GREEN MADE HIMSELF BY PREVIOUSLY ACQUIRING 100,000 ORDINARY SHARES IN THE CAPITAL OF THE COMPANY USING HIS OWN RESOURCES. THE OPTION IS GRANTED UNDER THE AUTHORITY PROVIDED BY SUB-PARAGRAPH (2) OF PARAGRAPH 9.4.2R OF THE LISTING RULES. FURTHER DETAILS OF THE OPTION ARE SET OUT ON PAGES 52 AND 53 OF THE 2006 ANNUAL REPORT AND ACCOUNTS WHICH HAVE PREVIOUSLY BEEN DISCLOSED TO SHAREHOLDERS. Name and signature of duly authorised officer of issuer responsible for making notification ¢â‚¬¦¢â‚¬¦T Rayner, Company
Secretary¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦.. Date of notification ¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦16 January 2007¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦¢â‚¬¦.
UNITED UTILITIES PLCRelated Shares:
United Utilities