Director/PDMR Shareholding
March 19 2007 - 5:09AM
UK Regulatory
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 to
the shares or debentures of the issuer should complete boxes 1 to 16, 23 and
24.
(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 3
and 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
CHARLES CORNISH and identify the connected person
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
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
them
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 MARCH 2007
NORMALLY DURING THE SIX MONTH PERIOD
FOLLOWING THE ISSUE OF A PERFORMANCE
CERTIFICATE BY THE COMPANY RELATING
TO THE OPTION. THE COMPANY IS
OBLIGED TO ISSUE THE PERFORMANCE
CERTIFICATE AS SOON AS PRACTICABLE
AFTER 31 MARCH 2010 (THE END OF THE
PERFORMANCE PERIOD RELATING TO THE
OPTION) AND IT MUST BE ISSUED BY 31
DECEMBER 2010 AT THE LATEST.
19. Total amount paid (if any) for 20. Description of shares or debentures
grant of the option involved (class and number)
ZERO INITIALLY, 47,027 ORDINARY SHARES
(THE AWARD SHARES) ARE SUBJECT TO
THE OPTION. HOWEVER, THIS NUMBER IS
TO BE INCREASED ON EACH DIVIDEND
PAYMENT DATE FOLLOWING 1 APRIL 2006
(COMMENCEMENT OF THE PERFORMANCE
PERIOD) BY THE NUMBER OF ORDINARY
SHARES WHICH COULD HAVE BEEN
PURCHASED ON THAT PAYMENT DATE (AT A
PRICE EQUAL TO THE MARKET VALUE OF
THE SHARES ON THAT DATE) USING THE
AGGREGATE CASH AMOUNT OF THE
DIVIDEND WHICH NOTIONALLY WOULD HAVE
BEEN PAID ON THE AWARD SHARES.
ACCORDINGLY, A FURTHER 2,068 AND 927
ORDINARY SHARES HAVE BEEN ADDED TO
THE AWARD SHARES IN RESPECT OF
DIVIDENDS ALREADY PAID ON 25 AUGUST
2006 AND 12 FEBRUARY 2007
RESPECTIVELY, MAKING A TOTAL 50,022
ORDINARY SHARES SUBJECT TO THE
OPTION AS AT THE DATE OF GRANT.
AT THE POINT OF EXERCISE, CHARLES
CORNISH WILL BE ENTITLED TO ACQUIRE
THE SHARES ADDED TO HIS AWARD BY WAY
OF THE DIVIDEND ENHANCEMENT
MECHANISM DESCRIBED ABOVE IN
ADDITION TO THE 47,027 AWARD SHARES,
(OR A PROPORTION OF THEM IN EACH
CASE) SUBJECT TO THE SATISFACTION OF
CERTAIN PERFORMANCE TARGETS
ATTACHING TO THE OPTION.
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
50,022
ZERO
23. Any additional information 24. Name of contact and telephone number
for queries
THE OPTION HAS BEEN GRANTED TO
CHARLES CORNISH UNDER THE TERMS PAUL DAVIES,
OF A LONG TERM INCENTIVE SCHEME
OF WHICH HE IS THE SOLE ASSISTANT COMPANY SECRETARY
PARTICIPANT.
+ 44 1 925 237051
THE OPTION IS GRANTED UNDER THE
AUTHORITY PROVIDED BY
SUB-PARAGRAPH (2) OF PARAGRAPH
9.4.2R OF THE LISTING RULES.
IN ACCORDANCE WITH PARAGRAPH
9.4.3R OF THE LISTING RULES,
UNITED UTILITIES PLC SHALL
DISCLOSE THE PRINCIPAL TERMS OF
THE LONG TERM INCENTIVE SCHEME
FOR CHARLES CORNISH AND THE
OTHER INFORMATION REQUIRED BY
THAT LISTING RULE IN ITS ANNUAL
REPORT AND ACCOUNTS FOR 2007.
Name and signature of duly authorised officer of issuer responsible for making
notification
******** T Rayner, Company Secretary ********
Date of notification **19 March 2007***.
END
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