UNITED UTILITIES GROUP PLC
DIRECTORS' AND PDMRS' SHAREHOLDINGS
NOTIONAL AND ACTUAL DIVIDEND REINVESTMENTS
4 FEBRUARY 2014
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 12.01 pence per
share paid on 3 February 2014, the number of additional shares granted has been
calculated using the closing share price on 3 February 2014 of 722.50 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. No further awards will be granted under this plan.
Awarded 8 July 2011 - Performance period 1 April 2011 to 31 March 2014
Name of director/ Original Cumulative Shares added Balance
person discharging no. of balance on for dividend carried
managerial Ordinary which paid 3 forward
responsibilities shares notional February 2014
awarded dividend paid
Steve Mogford 75,020 85,281 1,417 86,698
Russ Houlden 46,166 52,479 872 53,351
Gaynor Kenyon 14,427 16,397 272 16,669
Steven Fraser 18,961 21,552 358 21,910
Sally Cabrini 17,724 20,146 334 20,480
Neil Colman 13,190 14,991 249 15,240
Tony Conway 13,190 14,991 249 15,240
Gary Dixon 12,937 14,704 244 14,948
Simon Gardiner 16,949 19,265 320 19,585
Janice Smethurst 7,796 8,860 147 9,007
Paula Steer 4,065 4,618 76 4,694
Awarded 15 June 2012 - Performance period 1 April 2012 to 31 March 2015
Name of director/ Original Cumulative Shares added Balance
person discharging no. of balance on for dividend carried
managerial Ordinary which paid 3 forward
responsibilities shares notional February 2014
awarded dividend paid
Sue Amies-King 9,404 10,157 168 10,325
Sally Cabrini 15,797 17,064 283 17,347
Neil Colman 11,756 12,698 211 12,909
Tony Conway 11,756 12,698 211 12,909
Gary Dixon 11,217 12,115 201 12,316
Steven Fraser 18,368 19,840 329 20,169
Simon Gardiner 14,695 15,872 263 16,135
Jonathan Hodgkin 12,490 13,491 224 13,715
Russ Houlden 42,174 45,557 757 46,314
Gaynor Kenyon 13,115 14,166 235 14,401
Steve Mogford 66,862 72,227 1,200 73,427
Janice Smethurst 6,759 7,300 121 7,421
Paula Steer 7,053 7,618 126 7,744
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 12.01
pence per share paid on 3 February 2014, the number of additional shares
granted has been calculated using the closing share price on 3 February 2014 of
722.50 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. No further awards will be granted
under this plan.
Awarded 8 July 2011 - Performance period 1 April 2011 to 31 March 2014
Name of director/ No. of Cumulative Shares added Balance
person discharging Ordinary balance on for dividend carried
managerial shares which paid 3 forward
responsibilities awarded notional February 2014
dividend paid
Steve Mogford 16,313 18,542 308 18,850
Russ Houlden 21,140 24,030 399 24,429
Sally Cabrini 9,025 10,257 170 10,427
Steven Fraser 9,965 11,325 188 11,513
Gaynor Kenyon 2,595 2,948 49 2,997
Awarded 15 June 2012 - Performance period 1 April 2012 to 31 March 2015
Name of director/ No. of Cumulative Shares added Balance
person discharging Ordinary balance on for dividend carried
managerial shares which paid 3 forward
responsibilities awarded notional February 2014
dividend paid
Sally Cabrini 6,575 7,102 118 7,220
Neil Colman 3,063 3,308 54 3,362
Tony Conway 4,459 4,815 80 4,895
Gary Dixon 2,014 2,174 36 2,210
Steven Fraser 7,415 8,009 133 8,142
Simon Gardiner 4,618 4,987 82 5,069
Russ Houlden 29,684 32,064 532 32,596
Gaynor Kenyon 2,491 2,690 44 2,734
Steve Mogford 48,151 52,014 864 52,878
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 12.01
pence per share paid on 3 February 2014, the number of additional shares
awarded has been calculated using the closing share price on 3 February 2014 of
722.50 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. 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/ No. of Cumulative Shares added Balance carried
person discharging Ordinary balance on for dividend forward
managerial shares which paid 2
responsibilities awarded notional February 2014
dividend paid
Steven Fraser 19,352 20,904 347 21,251
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 12.01p per share paid on 3
February 2014, the number of additional shares granted has been calculated
using the closing share prices on 3 February 2014 of 722.50 pence per share.
No. of Cumulative Shares added Balance
Ordinary balance on for dividend carried
shares which paid 3 forward
awarded notional February
dividend paid 2014
36,710 42,487 706 43,193
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 12.01p per share paid on 3
February 2014, the number of additional shares granted has been calculated
using the closing share prices on 3 February 2014 of 722.50 pence per share.
No. of Cumulative Shares added Balance
Ordinary balance on for dividend carried
shares which paid 3 forward
awarded notional February
dividend paid 2014
86,742 98,605 1,639 100,244
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 12.01 pence per share paid on 3 February 2014, the number of
additional shares awarded has been calculated using the closing share price on
3 February 2014 of 722.50 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/ Original Cumulative Dividend Balance
person discharging conditional balance on equivalent carried
managerial award of which notional shares added forward
responsibilities shares dividend paid for dividend
paid on 3
February 2014
Sue Amies-King 2,769 2,856 47 2,903
Sally Cabrini 4,778 4,928 81 5,009
Neil Colman 3,308 3,412 56 3,468
Tony Conway 3,067 3,163 52 3,215
Gary Dixon 3,285 3,388 56 3,444
Steven Fraser 5,396 5,566 92 5,658
Simon Gardiner 4,211 4,343 72 4,415
Jonathan Hodgkin 3,246 3,348 55 3,403
Russ Houlden 31,278 32,265 536 32,801
Gaynor Kenyon 3,600 3,713 61 3,774
Steve Mogford 49,573 51,137 850 51,987
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 12.01 pence per share paid on 3 February 2014, the number of
additional shares awarded has been calculated using the closing share price on
3 February 2014 of 722.50 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/ Original Cumulative Dividend Balance
person discharging conditional balance on equivalent carried
managerial award of which notional shares added forward
responsibilities shares dividend paid for dividend
paid on 3
February 2014
Sue Amies-King 15,631 16,124 268 16,392
Sally Cabrini 22,958 23,682 393 24,075
Neil Colman 16,022 16,527 274 16,801
Tony Conway 9,613 9,916 164 10,080
Gary Dixon 15,631 16,124 268 16,392
Steven Fraser 25,694 26,504 440 26,944
Simon Gardiner 20,516 21,163 351 21,514
Jonathan Hodgkin 16,608 17,132 284 17,416
Russ Houlden * 76,203 78,607 1,306 79,913
Gaynor Kenyon 17,859 18,422 306 18,728
Steve Mogford * 120,746 124,556 2,070 126,626
Janice Smethurst 7,257 7,486 124 7,610
Paula Steer 6,699 6,910 114 7,024
* 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 3 February 2014, 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 720.5 pence per share.
Name of director/person Balance held No. of Shares Revised balance
discharging managerial prior to purchased
responsibilities dividend
purchase
Sue Amies-King 456 7 463
Sally Cabrini 526 8 534
Steven Fraser 2,725 45 2,770
Simon Gardiner 3,796 63 3,859
Gaynor Kenyon 2,421 40 2,461
Neil Colman 3,504 58 3,562
Tony Conway 86 1 87
Russ Houlden 1,122 19 1,141
Gary Dixon 3,128 51 3,179
Steve Mogford 1,111 19 1,130
Janice Smethurst 2,049 34 2,083
Paula Steer 2,492 41 2,533
__________________________________________________________________________
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"