UNITED UTILITIES GROUP PLC
DIRECTORS' AND PDMRS' SHAREHOLDINGS
NOTIONAL AND ACTUAL DIVIDEND REINVESTMENTS
4 AUGUST 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 final dividend of 24.03 pence per
share paid on 1 August 2014, the number of additional shares granted has been
calculated using the closing share price on 1 August 2014 of 856 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 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 1 August forward
responsibilities shares notional 2014
awarded dividend paid
Sue Amies-King 9,404 10,325 289 10,614
Sally Cabrini 15,797 17,347 486 17,833
Neil Colman 11,756 12,909 362 13,271
Gary Dixon 11,217 12,316 345 12,661
Steven Fraser 18,368 20,169 566 20,735
Simon Gardiner 14,695 16,135 452 16,587
Jonathan Hodgkin 12,490 13,715 385 14,100
Russ Houlden 42,174 46,314 1,300 47,614
Gaynor Kenyon 13,115 14,401 404 14,805
Steve Mogford 66,862 73,427 2,061 75,488
Janice Smethurst 6,759 7,421 208 7,629
Paula Steer 7,053 7,744 217 7,961
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 final dividend of 24.03 pence
per share paid on 1 August 2014, the number of additional shares granted has
been calculated using the closing share price on 1 August 2014 of 856 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 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 1 August forward
responsibilities awarded notional 2014
dividend paid
Sally Cabrini 6,575 7,220 202 7,422
Neil Colman 3,063 3,362 94 3,456
Gary Dixon 2,014 2,210 62 2,272
Steven Fraser 7,415 8,142 228 8,370
Simon Gardiner 4,618 5,069 142 5,211
Russ Houlden 29,684 32,596 915 33,511
Gaynor Kenyon 2,491 2,734 76 2,810
Steve Mogford 48,151 52,878 1,484 54,362
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 24.03 pence
per share paid on 1 August 2014, the number of additional shares awarded has
been calculated using the closing share price on 1 August 2014 of 856 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 1 August
responsibilities awarded notional 2014
dividend paid
Steven Fraser 19,352 21,251 596 21,847
Vesting period - 1 July 2014 - 1 July 2017
Name of director/ No. of Shares added Balance carried
person discharging Ordinary for dividend forward
managerial shares paid 1
responsibilities awarded August 2014
Sue Amies-King 10,285 288 10,573
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 final dividend of 24.03p per share paid on 1 August
2014, the number of additional shares granted has been calculated using the
closing share prices on 1 August 2014 of 856 pence per share.
No. of Cumulative Shares added Balance
Ordinary balance on for dividend carried
shares which paid 1 forward
awarded notional August 2014
dividend paid
36,710 43,193 1,212 44,405
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 final dividend of 24.03p per share paid on 1
August 2014, the number of additional shares granted has been calculated using
the closing share prices on 1 August 2014 of 856 pence per share.
No. of Cumulative Shares added Balance
Ordinary balance on for dividend carried
shares which paid 1 forward
awarded notional August 2014
dividend paid
86,742 100,244 2,814 103,058
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 final
dividend of 24.03 pence per share paid on 1 August 2014, the number of
additional shares awarded has been calculated using the closing share price on
1 August 2014 of 856 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 1
August 2014
Sue Amies-King 2,769 2,903 81 2,984
Sally Cabrini 4,778 5,009 140 5,149
Neil Colman 3,308 3,468 97 3,565
Gary Dixon 3,285 3,444 96 3,540
Steven Fraser 5,396 5,658 158 5,816
Simon Gardiner 4,211 4,415 123 4,538
Jonathan Hodgkin 3,246 3,403 95 3,498
Russ Houlden 31,278 32,801 920 33,721
Gaynor Kenyon 3,600 3,774 105 3,879
Steve Mogford 49,573 51,987 1,459 53,446
Awarded 30 June 2014 - Vesting date 30 June 2017
Name of director/ Original Dividend Balance
person discharging conditional equivalent carried
managerial award of shares added forward
responsibilities shares for dividend
paid on 1
August 2014
Sue Amies-King 5,410 151 5,561
Sally Cabrini 8,026 225 8,251
Neil Colman 5,600 157 5,757
Gary Dixon 5,299 148 5,447
Steven Fraser 9,476 266 9,742
Simon Gardiner 6,961 195 7,156
Jonathan Hodgkin 5,475 153 5,628
Russ Houlden 24,615 691 25,306
Gaynor Kenyon 6,057 170 6,227
Steve Mogford 38,998 1,094 40,092
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 final
dividend of 24.03 pence per share paid on 1 August 2014, the number of
additional shares awarded has been calculated using the closing share price on
1 August 2014 of 856 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 1
August 2014
Sue Amies-King 15,631 16,392 460 16,852
Sally Cabrini 22,958 24,075 675 24,750
Neil Colman 16,022 16,801 471 17,272
Gary Dixon 15,631 16,392 460 16,852
Steven Fraser 25,694 26,944 756 27,700
Simon Gardiner 20,516 21,514 603 22,117
Jonathan Hodgkin 16,608 17,416 488 17,904
Russ Houlden * 76,203 79,913 2,243 82,156
Gaynor Kenyon 17,859 18,728 525 19,253
Steve Mogford * 120,746 126,626 3,554 130,180
Janice Smethurst 7,257 7,610 213 7,823
Paula Steer 6,699 7,024 197 7,221
Awarded 27 June 2014 - Performance period 1 April 2014 to 31 March 2017
Name of director/ Original Dividend Balance
person discharging conditional equivalent carried
managerial award of shares added forward
responsibilities shares for dividend
paid on 1
August 2014
Sue Amies-King 13,356 374 13,730
Sally Cabrini 19,875 557 20,432
Neil Colman 13,912 390 14,302
Gary Dixon 13,038 366 13,404
Steven Fraser 23,850 669 24,519
Simon Gardiner 17,132 480 17,612
Jonathan Hodgkin 13,833 388 14,221
Russ Houlden * 63,560 1,784 65,344
Gaynor Kenyon 14,906 418 15,324
Steve Mogford * 100,692 2,826 103,518
Janice Smethurst 6,053 169 6,222
Paula Steer 5,451 153 5,604
* 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 1 August 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 860 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 583 16 599
Sally Cabrini 534 15 549
Steven Fraser 2,890 80 2,970
Simon Gardiner 3,979 110 4,089
Gaynor Kenyon 2,581 71 2,652
Neil Colman 3,682 102 3,784
Russ Houlden 1,261 34 1,295
Gary Dixon 3,299 92 3,391
Steve Mogford 1,250 34 1,284
Janice Smethurst 2,203 61 2,264
Paula Steer 2,653 74 2,727
__________________________________________________________________________
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"