Director/PDMR Shareholding
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 Balance
discharging managerial balance on for dividend carried
responsibilities 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 Balance
discharging managerial balance on for dividend carried
responsibilities 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 Balance
discharging of Ordinary for dividend carried
managerial shares paid 1 August forward
responsibilities 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 Balance
senior manager Ordinary balance on for dividend carried
discharging shares which paid 1 August forward
managerial 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 Balance
senior manager Ordinary for dividend carried
discharging shares paid 1 August forward
managerial 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 Balance
senior manager Ordinary balance on added for carried
discharging managerial shares which dividend forward
responsibilities 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 Balance
senior manager Ordinary balance on for dividend carried
discharging shares which paid 1 August forward
managerial 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 89,710
Share 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
__________________________________________________________________________
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"