United Utilities Regulatory News (UU.)

20 Feb 2006 07:00

UNITED UTILITIES PLC PHILIP GREEN APPOINTED TO BOARD AND DIRECTOR'S / PDMR SHAREHOLDING United Utilities PLC (United Utilities) confirms Philip Green's appointmenttoday to the Board as Chief Executive Designate, in line with the announcementmade on 1 December 2005.In accordance with s324 of the Companies Act 1985 and Disclosure Rule 3.1.2,United Utilities also discloses that Philip Green owns 100,000 ordinary sharesin the company, which he purchased following the announcement of hisappointment.Philip Green said: "I am very pleased to be joining the Board of UnitedUtilities today. I have recently bought 100,000 shares to underline my personalcommitment to the success of the company."Furthermore, provided Mr Green maintains this shareholding and remains inemployment with the company throughout the next 5 years, United Utilities hasagreed to match this investment on a one-for-one basis, thereby aligning hisinterests with those of the company's other shareholders. These matchedshares, together with additional shares from notional reinvestment ofdividends, will transfer to Mr Green at the end of the 5-year period, after theconclusion of the next regulatory reviews.In addition, the following contingent option award was granted to Mr Green on13 February 2006 pursuant to the performance share plan approved by theshareholders at the annual general meeting on 21 July 2000. The table belowshows the maximum number of shares over which the option might be exercised. The actual number will depend upon the extent to which the establishedperformance conditions are satisfied over the performance period.Name of director No. of Price paid Price Performance period/senior manager Ordinary for award payable on discharging shares ‚£ exercise ‚£ managerial responsibilities Philip Green 78,432 nil nil 01/04/2005 to 31/03/2008 _____________________________________________ Further information can be obtained from Evelyn Brodie, Head of Corporate andFinancial Communication, +44 (0) 20 7307 0309United Utilities' ordinary shares trade on the London Stock Exchange and itsADRs, each equal to two ordinary shares, trade on the New York Stock Exchangeunder the Trading Symbol "UU".ENDUNITED UTILITIES PLC