Last checked at 29 Aug 2007 15:47
UNITED UTILITIES PLC DIRECTORS' AND PDMR'S SHAREHOLDINGS 29 AUGUST 2007
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 30.30 pence per share paid on 24 August 2007. The number of additional shares granted have been calculated using the closing share price on 24 August 2007 of 677.5 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 September 2006 - Performance period 1 April 2006 to 31 March 2009
Name of director/ Original Cumulative Shares added Balance senior manager balance on for dividend carried discharging managerial no. of which paid 24 forward responsibilities Ordinary notional August 2007 shares dividend paid awarded Philip Green 82,249 87,489 3,912 91,401 Martin Bradbury 17,308 18,410 823 19,233 Charlie Cornish 40,237 42,799 1,914 44,713 Clive Elphick 16,643 17,703 791 18,494 Gaynor Kenyon 11,539 12,273 548 12,821 Tim Weller 47,338 50,354 2,251 52,605
Awarded12 June 2007 - Performance period1 April 2007 to 31 March 2010
Name of director/senior Original Shares added Balancemanager discharging for dividend carriedmanagerial no. of paid 24 forwardresponsibilities Ordinary August 2007 shares awarded Philip Green 92,359 4,130 96,489 Paul Capell 46,512 2,080 48,592 Alison Clarke 19,934 891 20,825 Charlie Cornish 45,183 2,020 47,203 Clive Elphick 14,951 668 15,619 Gaynor Kenyon 11,961 534 12,495 Tim Weller 53,157 2,377 55,534Retention 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 Wellers' 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.
Philip Tim Weller Charlie Green 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
Totals carried forward 111,128 43,339 52,259Share Incentive Plan
Notification was been received on 28 August 2007 that the Trustee, Hill Samuel ESOP Trustees Limited, purchased ordinary shares of ‚£1 each on behalf of the following directors/PDMRs on 24 August 2007, as dividend reinvestment in accordance with the rules of the Company's Inland Revenue approved share incentive plan ("the SIP"). The shares were purchased at a price of 677.0p per share.
Director No. of Shares purchased Philip Green 25 Gaynor Kenyon 9 Clive Elphick 72
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Further information can be obtained from Paul Davies, Company Secretary 44 1 925 237051.
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United Utilities' ordinary trade on the London Stock Exchange and its ADRs, each equal to two ordinary shares, trade OTC in the USA under the Trading Symbol "UUPLY".
UNITED UTILITIES PLC