Director/PDMR Shareholding

RNS Number : 9446D
United Utilities Group PLC
03 February 2015
 



UNITED UTILITIES GROUP PLC

 

DIRECTORS' AND PDMRS' SHAREHOLDINGS

 

NOTIONAL AND ACTUAL DIVIDEND REINVESTMENTS

 

3 FEBRUARY 2015

 

 

 

Performance Share Plan

 

Under the rules of the performance share plan ('the 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 interim dividend of 12.56 pence per share paid on 2 February 2015, the number of additional shares granted has been calculated using the closing share price on 2 February 2015 of 1001 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. No further awards will be granted under this plan.

 

 

Awarded 15 June 2012 - Performance period 1 April 2012 to 31 March 2015

 

Name of director/person discharging managerial responsibilities

Original no. of Ordinary shares awarded

Cumulative balance on which notional dividend paid

Shares added for dividend paid 2 February 2015

Balance carried forward

Sue Amies-King

9,404

10,614

133

10,747

Sally Cabrini

15,797

17,833

223

18,056

Neil Colman

11,756

13,271

166

13,347

Gary Dixon

11,217

12,661

158

12,819

Steven Fraser

18,368

20,735

260

20,995

Simon Gardiner

14,695

16,587

208

16,795

Jonathan Hodgkin

12,490

14,100

176

14,276

Russ Houlden

42,174

47,614

597

48,211

Gaynor Kenyon

13,115

14,805

185

14,990

Steve Mogford

66,862

75,488

947

76,435

Janice Smethurst

6,759

7,629

95

7,724

Paula Steer

7,053

7,961

99

8,060

 

 

Matching Share Award Plan

 

Under the rules of the matching share award plan ('the 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 interim dividend of 12.56 pence per share paid on 2 February 2015, the number of additional shares granted has been calculated using the closing share price on 2 February 2015 of 1001 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. No further awards will be granted under this plan.

 

Awarded 15 June 2012 - Performance period 1 April 2012 to 31 March 2015

 

 

Name of director/person discharging managerial responsibilities

No. of Ordinary shares awarded

Cumulative balance on which notional dividend paid

Shares added for dividend paid 2 February 2015

Balance carried forward

Sally Cabrini

6,575

7,422

93

7,515

Neil Colman

3,063

3,456

43

3,499

Gary Dixon

2,014

2,272

28

2,300

Steven Fraser

7,415

8,370

105

8,475

Simon Gardiner

4,618

5,211

65

5,276

Russ Houlden

29,684

33,511

420

33,931

Gaynor Kenyon

2,491

2,810

35

2,845

Steve Mogford

48,151

54,362

682

55,044

 

 

 

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 interim dividend of 12.56 pence per share paid on 2 February 2015, the number of additional shares awarded has been calculated using the closing share price on 2 February 2015 of 1001 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.  Participants cannot be directors of the company at the time of grant. 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 - 3 July 2012 - 3 July 2015

 

Name of director/person discharging managerial responsibilities

No. of Ordinary shares awarded

Cumulative balance on which notional dividend paid

Shares added for dividend paid 2 February 2015

Balance carried forward

Steven Fraser

19,352

21,847

274

22,121

 

Vesting period - 1 July 2014 - 1 July 2017

 

Name of director/person discharging managerial responsibilities

No. of Ordinary shares awarded

Cumulative balance on which notional dividend paid

Shares added for dividend paid 2 February 2015

Balance carried forward

Sue Amies-King

10,285

10,573

132

10,705

 

 

 

 

 

 

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 interim dividend of 12.56 pence per share paid on 2 February 2015, the number of additional shares granted has been calculated using the closing share price on 2 February 2015 of 1001 pence per share.

 

No. of Ordinary shares awarded

Cumulative balance on which notional dividend paid

Shares added for dividend paid 2 February 2015

Balance carried forward

36,710

44,405

557

44,962

 

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 interim dividend of 12.56 pence per share paid on 2 February 2015, the number of additional shares granted has been calculated using the closing share price on 2 February 2015 of 1001 pence per share.

  

No. of Ordinary shares awarded

Cumulative balance on which notional dividend paid

Shares added for dividend paid 2 February 2015

Balance carried forward

86,742

103,058

1,293

104,351

 

 

Deferred Bonus Plan

 

Under the rules of the deferred bonus plan ('the plan') conditional awards are subject to uplift for notional dividends made or paid during the vesting period. Accordingly the dividend equivalent shares shown below have been notionally added to and form part of the award. In respect of the interim dividend of 12.56 pence per share paid on 2 February 2015, the number of additional shares awarded has been calculated using the closing share price on 2 February 2015 of 1001 pence per share. Under the terms of plan, conditional awards will normally be satisfied at the end of the vesting period by using shares purchased in the market. Newly issued or treasury shares cannot be used to satisfy awards under this plan. The conditional award of shares, as uplifted by dividend equivalent shares, will vest on the vesting date.

 

 

 

 

 

Awarded 17 June 2013 - Vesting date 17 June 2016

 

 

Name of director/person discharging managerial responsibilities

Original conditional award of shares

Cumulative balance on which notional dividend paid

Dividend equivalent shares added for dividend paid on 2 February 2015

Balance carried forward

Sue Amies-King

2,769

2,984

37

3,021

Sally Cabrini

4,778

5,149

64

5,213

Neil Colman

3,308

3,565

44

3,609

Gary Dixon

3,285

3,540

44

3,584

Steven Fraser

5,396

5,816

72

5,888

Simon Gardiner

4,211

4,538

56

4,594

Jonathan Hodgkin

3,246

3,498

43

3,541

Russ Houlden

31,278

33,721

423

34,144

Gaynor Kenyon

3,600

3,879

48

3,927

Steve Mogford

49,573

53,446

670

54,116

 

Awarded 30 June 2014 - Vesting date 30 June 2017

 

 

Name of director/person discharging managerial responsibilities

Original conditional award of shares

Cumulative balance on which notional dividend paid

Dividend equivalent shares added for dividend paid on 2 February 2015

Balance carried forward

Sue Amies-King

5,410

5,561

69

5,630

Sally Cabrini

8,026

8,251

103

8,354

Neil Colman

5,600

5,757

72

5,829

Gary Dixon

5,299

5,447

68

5,515

Steven Fraser

9,476

9,742

122

9.864

Simon Gardiner

6,961

7,156

89

7,245

Jonathan Hodgkin

5,475

5,628

70

5,698

Russ Houlden

24,615

25,306

317

25,623

Gaynor Kenyon

6,057

6,227

78

6,305

Steve Mogford

38,998

40,092

503

40,595

 

 

Long Term Plan

 

Under the rules of the long term plan ('the plan') conditional awards are subject to uplift for notional dividends made or paid during the vesting period. Accordingly the dividend equivalent shares shown below have been notionally added to and form part of the award. In respect of the interim dividend of 12.56 pence per share paid on 2 February 2015, the number of additional shares awarded has been calculated using the closing share price on 2 February 2015 of 1001 pence per share. The figures reflect the maximum number of shares which will vest. The actual number will depend upon the extent to which the established performance conditions are satisfied over the performance period. Executive directors are subject to a further two-year holding period.

 

Awarded 29 July 2013 - Performance period 1 April 2013 to 31 March 2016

 

 

Name of director/person discharging managerial responsibilities

Original conditional award of shares

Cumulative balance on which notional dividend paid

Dividend equivalent shares added for dividend paid on 2 February 2015

Balance carried forward

Sue Amies-King

15,631

16,852

211

17,063

Sally Cabrini

22,958

24,750

310

25,060

Neil Colman

16,022

17,272

216

17,488

Gary Dixon

15,631

16,852

211

17,063

Steven Fraser

25,694

27,700

347

28,047

Simon Gardiner

20,516

22,117

277

22,394

Jonathan Hodgkin

16,608

17,904

224

18,128

Russ Houlden *

76,203

82,156

1,030

83,186

Gaynor Kenyon

17,859

19,253

241

19,494

Steve Mogford *

120,746

130,180

1,633

131,813

Janice Smethurst

7,257

7,823

98

7,921

Paula  Steer

6,699

7,221

90

7,311

 

Awarded 27 June 2014 - Performance period 1 April 2014 to 31 March 2017

 

 

Name of director/person discharging managerial responsibilities

Original conditional award of shares

Cumulative balance on which notional dividend paid

Dividend equivalent shares added for dividend paid on 2 February 2015

Balance carried forward

Sue Amies-King

13,356

13,730

172

13,902

Sally Cabrini

19,875

20,432

256

20,688

Neil Colman

13,912

14,302

179

14,481

Gary Dixon

13,038

13,404

168

13,572

Steven Fraser

23,850

24,519

307

24,826

Simon Gardiner

17,132

17,612

220

17,832

Jonathan Hodgkin

13,833

14,221

178

14,399

Russ Houlden *

63,560

65,344

819

66,163

Gaynor Kenyon

14,906

15,324

192

15,516

Steve Mogford *

100,692

103,518

1,298

104,816

Janice Smethurst

6,053

6,222

78

6,300

Paula  Steer

5,451

5,604

70

5,674

 

* Denotes Executive Director subject to additional 2 year holding period.

 

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 2 February 2015, 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 1016 pence per share.

 

 

 

 

Name of director/person discharging managerial responsibilities

Balance held prior to dividend purchase

No. of Shares purchased

 

Revised balance

Sue Amies-King

723

8

731

Sally Cabrini

549

7

556

Steven Fraser

3,096

38

3,134

Simon Gardiner

4,215

52

4,267

Gaynor Kenyon

2,778

34

2,812

Neil Colman

3,910

48

3,958

Jonathan Hodgkin

185

2

187

Russ Houlden

1,421

18

1,439

Gary Dixon

3,516

43

3,559

Steve Mogford

1,410

17

1,427

Janice Smethurst

2,386

29

2,415

Paula Steer

2,852

35

2,887

 

__________________________________________________________________________

 

Further information can be obtained from Jane Gilmore, Deputy Company Secretary 44 1 925 237052.

-

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"


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSBUGDDRBGBGUX
UK 100

Latest directors dealings