04 February 2010

 

UNITED UTILITIES GROUP PLC

 

DIRECTORS' AND PDMR'S SHAREHOLDINGS

 

NOTIONAL AND ACTUAL DIVIDEND REINVESTMENTS

 

4 FEBRUARY 2010

 

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 11.17 pence per share paid on 3 February 2010, the number of additional shares granted has been calculated using the closing share price on 3 February 2010 of 531 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 12 June 2007 - Performance period 1 April 2007 to 31 March 2010

 

Name of person discharging managerial responsibilities	Original no. of Ordinary shares awarded	Cumulative balance on which notional dividend paid	Shares added for dividend paid 3 February 2010	Balance carried forward
Philip Green	92,359	110,153	2,317	112,470
Alison Clarke	19,934	23,772	500	24,272
Charlie Cornish	45,183	53,886	1,133	55,019
Gaynor Kenyon	11,961	14,263	300	14,563
Tim Weller	53,157	63,397	1,333	64,730

 

Awarded 14 December 2007 - Performance period 1 April 2007 to 31 March 2010

 

Name of person discharging managerial responsibilities	Original no. of Ordinary shares awarded	Cumulative balance on which notional dividend paid	Shares added for dividend paid 3 February  2010	Balance carried forward
Tom Keevil	21,811	26,011	547	26,558

 

Awarded 5 August 2008 - Performance period 1 April 2008 to 31 March 2011

 

Name of person discharging managerial responsibilities	Original no. of Ordinary shares awarded	Cumulative balance on which notional dividend paid	Shares added for dividend paid 3 February  2010	Balance carried forward
Philip Green	75,121	83,905	1,765	85,670
Tim Weller	43,185	48,233	1,014	49,247
Charlie Cornish	36,355	40,605	854	41,459
Gaynor Kenyon	11,872	13,258	278	13,536
Alison Clarke	19,368	21,631	455	22,086
Tom Keevil	20,803	23,235	488	23,723
Matthew Wright	15,602	17,425	366	17,791
Martin Bradbury	17,767	19,844	417	20,261

 

Awarded 23 June 2009 - Performance period 1 April 2009 to 31 March 2012

 

Name of person discharging managerial responsibilities	Original no. of Ordinary shares awarded	Cumulative balance on which notional dividend paid	Shares added for dividend paid  3 February 2010	Balance carried forward
Philip Green	111,164	116,570	2,452	119,022
Martin Bradbury	24,644	25,842	543	26,385
Charlie Cornish	53,771	56,385	1,186	57,571
Gaynor Kenyon	16,467	17,267	363	17,630
Tim Weller	64,636	67,779	1,425	69,204
Tom Keevil	28,855	30,258	636	30,894
Alison Clarke	26,865	28,171	592	28,763
Ian McAulay	21,641	22,693	477	23,170
Matthew Wright	23,631	24,780	521	25,301
Steven Fraser	19,900	20,867	438	21,305

 

Matching Share Plan

Under the rules of the matching 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 11.17 pence per share paid on 3 February 2010, the number of additional shares granted has been calculated using the closing share price on 3 February 2010 of 531 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 30 July 2007 - Performance period 1 April 2007 to 31 March 2010

Name of director/senior manager discharging managerial responsibilities	No. of Ordinary shares awarded	Cumulative balance on which notional dividend paid	Shares added for dividend paid 3 February 2010	Balance carried forward
Charlie Cornish	14,606	17,418	366	17,784
Philip Green	51,624	61,568	1,295	62,863
Gaynor Kenyon	4,858	5,792	121	5,913
Tim Weller	22,015	26,254	552	26,806

 

Awarded 5 August 2008 Performance period 1 April 2008 to 31 March 2011

 

Name of director/senior manager discharging managerial responsibilities	No. of Ordinary shares awarded	Cumulative balance on which notional dividend paid	Shares added for dividend paid 3 February 2010	Balance carried forward
Charlie Cornish	18,475	20,634	434	21,068
Philip Green	65,755	73,444	1,544	74,988
Gaynor Kenyon	5,305	5,923	124	6,047
Tim Weller	41,929	46,831	985	47,816
Alison Clarke	8,273	9,239	194	9,433
Tom Keevil	3,082	3,440	72	3,512

 

 

 

 

Awarded 23 June 2009 Performance period 1 April 2009 to 31 March 2012

 

Name of director/senior manager discharging managerial responsibilities	No. of Ordinary shares awarded	Cumulative balance on which notional dividend paid	Shares added for dividend paid 3 February 2010	Balance carried forward
Philip Green	33,956	35,607	749	36,356
Tim Weller	29,651	31,092	654	31,746
Alison Clarke	4,073	4,271	89	4,360
Martin Bradbury	2,995	3,140	66	3,206
Matthew Wright	2,595	2,721	57	2,778

 

 

Retention Awards

As part of the terms of Philip Green's recruitment, the company established a matched share incentive scheme for him as sole participant by which the company undertook to match (on 16 January 2007) an investment of 100,000 shares made by Mr Green himself upon his appointment provided he remains with the group until 12 February 2011. The award is subject to a dividend enhancement mechanism by which further shares are notionally added to the award on each intervening dividend payment date.

 

As part of the terms of Tim Weller'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 39,000 shares made by Mr Weller himself upon his appointment (on 1 July 2006) provided he remains with the group up to and beyond the implementation of the next regulatory reviews.  The award is subject to a dividend enhancement mechanism by which further shares are notionally added to the award on each intervening dividend payment date.

 

In order to facilitate the retention of Charlie Cornish up to and beyond the next regulatory reviews the company established a special long-term incentive scheme for him as sole participant. Under the scheme an award equal to his annual salary was granted to him in the form of an option over 47,027 shares on 16 March 2007. The award is subject to performance conditions and is also subject to a dividend enhancement mechanism by which further shares are notionally added to the award on each intervening dividend payment date.

 

The dividend shares shown below have been notionally added to and form part of the awards. In respect of the final dividend of 11.17 pence per share paid on 3 February 2010, the number of additional shares granted has been calculated using the closing share price on 3 February 2010 of 531pence per share.

 

 

	Philip Green	Tim Weller	Charlie Cornish
Original award ordinary shares	100,000	39,000	47,027
Shares added re dividend paid 25 August 2006	4,398	1,715	2,068
Shares added re dividend paid 12 Feb 2007	1,973	769	927
Shares added re dividend paid 24 August 2007	4,757	1,855	2,237
Shares added re dividend paid 11 February 2008	2,455	957	1,154
Shares added re dividend paid 8 August 2008	5,154	2,010	2,423
Shares added re dividend paid 4 February 2009	2,245	875	1,056
Shares added re dividend paid 3 August 2009	5,883	2,294	2,766
Shares added re dividend paid 3 February 2010	2,668	1,040	1,254
Balance carried forward	129,533	50,515	60,912

 

 

 

 

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 11.17 pence per share paid on 3 February 2010, the number of additional shares awarded has been calculated using the closing share price on 3 February 2010 of 531 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 - 11 June 2010

 

Name of director/senior manager discharging managerial responsibilities	No. of Ordinary shares awarded	Cumulative balance on which notional dividend paid	Shares added for dividend paid 3 February 2010	Balance carried forward
Steven Fraser	6,674	7,130	149	7,279
Matthew Wright	8,899	9,507	199	9,706

 

Vesting period - 30 January 2009 - 5 August 2011

 

 

Name of director/senior manager discharging managerial responsibilities	No. of Ordinary shares awarded	Cumulative balance on which notional dividend paid	Shares added for dividend paid 3 February 2010	Balance carried forward
Steven Fraser	6,767	7,230	152	7,382
Matthew Wright	8,555	9,139	192	9,331

 

Vesting period - 23 June 2009 - 23 June 2012

 

 

Name of director/senior manager discharging managerial responsibilities	No. of Ordinary shares awarded	Cumulative balance on which notional dividend paid	Shares added for dividend paid 3 February 2010	Balance carried forward
Steven Fraser	6,766	7,095	149	7,244

 

 

 

Share Incentive Plan

Notification was been received today that the Trustee, Equiniti Trustees Limited, purchased ordinary shares of 5p each on behalf of the following directors/PDMRs on 3 February 2010, as dividend reinvestment shares in accordance with the rules of the Company's Inland Revenue approved share incentive plan. The shares were purchased at a price of 536.5 pence per share.

 

 

 

 

__________________________________________________________________________

 

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 OTC in the USA under the Trading Symbol "UUGRY".