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.
Awarded12 June 2007 - Performance period1 April 2007 to 31 March 2010
Name of person Original Cumulative Shares added Balance
discharging no. of balance on for dividend carried
managerial Ordinary which paid 3 forward
responsibilities shares notional February 2010
awarded dividend paid
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 Original Cumulative Shares added Balance
discharging no. of balance on for dividend carried
managerial Ordinary which paid 3 forward
responsibilities shares notional February 2010
awarded dividend paid
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 Original Cumulative Shares added Balance
discharging no. of balance on for dividend carried
managerial Ordinary which paid 3 forward
responsibilities shares notional February 2010
awarded dividend paid
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 Original Cumulative Shares added Balance
discharging managerial balance on for dividend carried
responsibilities no. of which paid 3 forward
Ordinary notional February 2010
shares dividend paid
awarded
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/ No. of Cumulative Shares added Balance
senior manager Ordinary balance on for dividend carried
discharging shares which paid 3 forward
managerial awarded notional February 2010
responsibilities dividend paid
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/ No. of Cumulative Shares added Balance
senior manager Ordinary balance on for dividend carried
discharging shares which paid 3 forward
managerial awarded notional February 2010
responsibilities dividend paid
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/ No. of Cumulative Shares added Balance
senior manager Ordinary balance on for dividend carried
discharging managerial shares which paid 3 forward
responsibilities awarded notional February
dividend paid 2010
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 Tim Charlie
Green Weller Cornish
Original award ordinary shares 100,000 39,000 47,027
Shares added re dividend paid 25 August 4,398 1,715 2,068
2006
Shares added re dividend paid 12 Feb 2007 1,973 769 927
Shares added re dividend paid 24 August 4,757 1,855 2,237
2007
Shares added re dividend paid 11 February 2,455 957 1,154
2008
Shares added re dividend paid 8 August 2008 5,154 2,010 2,423
Shares added re dividend paid 4 February 2,245 875 1,056
2009
Shares added re dividend paid 3 August 2009 5,883 2,294 2,766
Shares added re dividend paid 3 February 2,668 1,040 1,254
2010
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/ No. of Cumulative Shares Balance
senior manager Ordinary balance on added for carried
discharging managerial shares which dividend forward
responsibilities awarded notional paid 3
dividend paid February
2010
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/ No. of Cumulative Shares Balance
senior manager Ordinary balance on added for carried
discharging managerial shares which dividend forward
responsibilities awarded notional paid 3
dividend paid February
2010
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/ No. of Cumulative Shares added Balance
senior manager Ordinary balance on for dividend carried
discharging shares which paid 3 forward
managerial awarded notional February 2010
responsibilities dividend paid
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.
Director Balance held No. of Shares Revised balance
prior to purchased
dividend
purchase
Alison Clarke 704 14 718
Steven Fraser 1,197 24 1,221
Philip Green 1,1305 26 1,331
Tom Keevil 808 16 824
Gaynor Kenyon 952 18 970
__________________________________________________________________________
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".