Director/PDMR Shareholding
February 02 2012 - 10:05AM
UK Regulatory
TIDMUU.
UNITED UTILITIES GROUP PLC
DIRECTORS' AND PDMRS' SHAREHOLDINGS
NOTIONAL AND ACTUAL DIVIDEND REINVESTMENTS
2 FEBRUARY 2012
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 interim dividend of 10.67 pence per share paid on 1
February 2012, the number of additional shares granted has been calculated
using the closing share price on 1 February 2012 of 609.00 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 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 February
shares dividend paid 2012
awarded
Gaynor Kenyon 16,467 19,291 337 19,628
Steven Fraser 19,900 23,312 408 23,720
Awarded 12 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 forward
managerial shares notional February 2012
responsibilities awarded dividend paid
Paul Worthington 22,091 24,172 423 24,595
Gaynor Kenyon 14,923 16,328 286 16,614
Steven Fraser 18,034 19,732 345 20,077
Russ Houlden 47,578 52,061 912 52,973
Awarded 8 July 2011 - Performance period 1 April 2011 to 31 March 2014
Name of person Original Cumulative Shares added Balance
discharging no. of balance on for dividend carried
managerial Ordinary which paid 1 forward
responsibilities shares notional February 2012
awarded dividend paid
Steve Mogford 75,020 77,586 1,359 78,945
Russ Houlden 46,166 47,745 836 48,581
Paul Worthington 20,197 20,888 365 21,253
Gaynor Kenyon 14,427 14,920 261 15,181
Steven Fraser 18,961 19,609 343 19,952
Sally Cabrini 17,724 18,330 321 18,651
Neil Colman 13,190 13,641 238 13,879
Anthony Conway 13,190 13,641 238 13,879
Gary Dixon 12,937 13,379 234 13,613
Simon Gardiner 16,949 17,528 307 17,835
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 interim dividend of 10.67 pence per share paid on
1 February 2012, the number of additional shares granted has been calculated
using the closing share price on 1 February 2012 of 609.00 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 July 2011 Performance period 1 April 2011 to 31 March 2014
Name of director/ No. of Cumulative Shares added Balance
senior manager Ordinary balance on for dividend carried
discharging shares which paid 1 forward
managerial awarded notional February 2012
responsibilities dividend paid
Steve Mogford 16,313 16,871 295 17,166
Russ Houlden 21,140 21,863 383 22,246
Sally Cabrini 9,025 9,333 163 9,496
Steven Fraser 9,965 10,305 180 10,485
Gaynor Kenyon 2,595 2,683 47 2,730
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 10.67
pence per share paid on 1 February 2012, the number of additional shares
awarded has been calculated using the closing share price on 1 February 2012 of
609.00 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 23 June 2009 - 23 June 2012
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 February
2012
Sally Cabrini 4,477 5,242 91 5,333
Gary Dixon 4,459 5,221 91 5,312
Steven Fraser 6,766 7,925 138 8,063
Vesting period 28 July 2010 - 28 July 2013
Name of director/ No. of Cumulative Shares added Balance
senior manager Ordinary balance on for dividend carried
discharging shares which paid 1 forward
managerial awarded notional February 2012
responsibilities dividend paid
Sally Cabrini 6,631 7,255 127 7,382
Gary Dixon 13,621 14,902 260 15,162
Simon Gardiner 6,005 6,570 115 6,685
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 10.67p per share paid on 1
February 2012, the number of additional shares granted has been calculated
using the closing share prices on 1 February 2012 of 609.00 pence per share.
No. of Cumulative Shares added Balance
Ordinary balance on for dividend carried
shares which paid 1 forward
awarded notional February
dividend paid 2012
36,710 38,655 677 39,332
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 10.67p per share paid on 1
February 2012, the number of additional shares granted has been calculated
using the closing share prices on 1 February 2012 of 609.00 pence per share.
No. of Cumulative Shares added Balance
Ordinary balance on for dividend carried
shares which paid 1 forward
awarded notional February
dividend paid 2012
86,742 89,710 1,571 91,281
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 February 2012, 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 610.0 pence per share.
Name of director/person Balance held No. of Shares Revised balance
discharging managerial prior to purchased
responsibility dividend
purchase
Steven Fraser 1,980 33 2,013
Simon Gardiner 2,959 50 3,009
Gaynor Kenyon 1,704 29 1,733
Neil Colman 2,692 46 2,738
Paul Worthington 411 6 417
Russ Houlden 524 8 534
__________________________________________________________________________
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"
END
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