REG - United Utilities Grp - Director/PDMR Shareholding <Origin Href="QuoteRef">UU.L</Origin>

United UtilitiesAnnouncement

03/02/2015 15:21

RNS Number : 9446D
United Utilities Group PLC
03 February 2015
UNITED UTILITIES GROUP PLC
DIRECTORS' AND PDMRS' SHAREHOLDINGS
NOTIONAL AND ACTUAL DIVIDEND REINVESTMENTS
3 FEBRUARY 2015
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 interim dividend of 12.56 pence per share paid on 2 February 2015, the number of additional shares granted has been calculated using the closing share price on 2 February 2015 of 1001 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/person discharging managerial responsibilities
Original no. of Ordinary shares awarded
Cumulative balance on which notional dividend paid
Shares added for dividend paid 2 February 2015
Balance carried forward
Sue Amies-King
9,404
10,614
133
10,747
Sally Cabrini
15,797
17,833
223
18,056
Neil Colman
11,756
13,271
166
13,347
Gary Dixon
11,217
12,661
158
12,819
Steven Fraser
18,368
20,735
260
20,995
Simon Gardiner
14,695
16,587
208
16,795
Jonathan Hodgkin
12,490
14,100
176
14,276
Russ Houlden
42,174
47,614
597
48,211
Gaynor Kenyon
13,115
14,805
185
14,990
Steve Mogford
66,862
75,488
947
76,435
Janice Smethurst
6,759
7,629
95
7,724
Paula Steer
7,053
7,961
99
8,060
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 interim dividend of 12.56 pence per share paid on 2 February 2015, the number of additional shares granted has been calculated using the closing share price on 2 February 2015 of 1001 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/person discharging managerial responsibilities
No. of Ordinary shares awarded
Cumulative balance on which notional dividend paid
Shares added for dividend paid 2 February 2015
Balance carried forward
Sally Cabrini
6,575
7,422
93
7,515
Neil Colman
3,063
3,456
43
3,499
Gary Dixon
2,014
2,272
28
2,300
Steven Fraser
7,415
8,370
105
8,475
Simon Gardiner
4,618
5,211
65
5,276
Russ Houlden
29,684
33,511
420
33,931
Gaynor Kenyon
2,491
2,810
35
2,845
Steve Mogford
48,151
54,362
682
55,044
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 interim dividend of 12.56 pence per share paid on 2 February 2015, the number of additional shares awarded has been calculated using the closing share price on 2 February 2015 of 1001 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/person discharging managerial responsibilities
No. of Ordinary shares awarded
Cumulative balance on which notional dividend paid
Shares added for dividend paid 2 February 2015
Balance carried forward
Steven Fraser
19,352
21,847
274
22,121
Vesting period - 1 July 2014 - 1 July 2017
Name of director/person discharging managerial responsibilities
No. of Ordinary shares awarded
Cumulative balance on which notional dividend paid
Shares added for dividend paid 2 February 2015
Balance carried forward
Sue Amies-King
10,285
10,573
132
10,705
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 interim dividend of 12.56 pence per share paid on 2 February 2015, the number of additional shares granted has been calculated using the closing share price on 2 February 2015 of 1001 pence per share. 
No. of Ordinary shares awarded
Cumulative balance on which notional dividend paid
Shares added for dividend paid 2 February 2015
Balance carried forward
36,710
44,405
557
44,962
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 interim dividend of 12.56 pence per share paid on 2 February 2015, the number of additional shares granted has been calculated using the closing share price on 2 February 2015 of 1001 pence per share.
No. of Ordinary shares awarded
Cumulative balance on which notional dividend paid
Shares added for dividend paid 2 February 2015
Balance carried forward
86,742
103,058
1,293
104,351
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 interim dividend of 12.56 pence per share paid on 2 February 2015, the number of additional shares awarded has been calculated using the closing share price on 2 February 2015 of 1001 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/person discharging managerial responsibilities
Original conditional award of shares
Cumulative balance on which notional dividend paid
Dividend equivalent shares added for dividend paid on 2 February 2015
Balance carried forward
Sue Amies-King
2,769
2,984
37
3,021
Sally Cabrini
4,778
5,149
64
5,213
Neil Colman
3,308
3,565
44
3,609
Gary Dixon
3,285
3,540
44
3,584
Steven Fraser
5,396
5,816
72
5,888
Simon Gardiner
4,211
4,538
56
4,594
Jonathan Hodgkin
3,246
3,498
43
3,541
Russ Houlden
31,278
33,721
423
34,144
Gaynor Kenyon
3,600
3,879
48
3,927
Steve Mogford
49,573
53,446
670
54,116
Awarded 30 June 2014 - Vesting date 30 June 2017
Name of director/person discharging managerial responsibilities
Original conditional award of shares
Cumulative balance on which notional dividend paid
Dividend equivalent shares added for dividend paid on 2 February 2015
Balance carried forward
Sue Amies-King
5,410
5,561
69
5,630
Sally Cabrini
8,026
8,251
103
8,354
Neil Colman
5,600
5,757
72
5,829
Gary Dixon
5,299
5,447
68
5,515
Steven Fraser
9,476
9,742
122
9.864
Simon Gardiner
6,961
7,156
89
7,245
Jonathan Hodgkin
5,475
5,628
70
5,698
Russ Houlden
24,615
25,306
317
25,623
Gaynor Kenyon
6,057
6,227
78
6,305
Steve Mogford
38,998
40,092
503
40,595
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 interim dividend of 12.56 pence per share paid on 2 February 2015, the number of additional shares awarded has been calculated using the closing share price on 2 February 2015 of 1001 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/person discharging managerial responsibilities
Original conditional award of shares
Cumulative balance on which notional dividend paid
Dividend equivalent shares added for dividend paid on 2 February 2015
Balance carried forward
Sue Amies-King
15,631
16,852
211
17,063
Sally Cabrini
22,958
24,750
310
25,060
Neil Colman
16,022
17,272
216
17,488
Gary Dixon
15,631
16,852
211
17,063
Steven Fraser
25,694
27,700
347
28,047
Simon Gardiner
20,516
22,117
277
22,394
Jonathan Hodgkin
16,608
17,904
224
18,128
Russ Houlden *
76,203
82,156
1,030
83,186
Gaynor Kenyon
17,859
19,253
241
19,494
Steve Mogford *
120,746
130,180
1,633
131,813
Janice Smethurst
7,257
7,823
98
7,921
Paula Steer
6,699
7,221
90
7,311
Awarded 27 June 2014 - Performance period 1 April 2014 to 31 March 2017
Name of director/person discharging managerial responsibilities
Original conditional award of shares
Cumulative balance on which notional dividend paid
Dividend equivalent shares added for dividend paid on 2 February 2015
Balance carried forward
Sue Amies-King
13,356
13,730
172
13,902
Sally Cabrini
19,875
20,432
256
20,688
Neil Colman
13,912
14,302
179
14,481
Gary Dixon
13,038
13,404
168
13,572
Steven Fraser
23,850
24,519
307
24,826
Simon Gardiner
17,132
17,612
220
17,832
Jonathan Hodgkin
13,833
14,221
178
14,399
Russ Houlden *
63,560
65,344
819
66,163
Gaynor Kenyon
14,906
15,324
192
15,516
Steve Mogford *
100,692
103,518
1,298
104,816
Janice Smethurst
6,053
6,222
78
6,300
Paula Steer
5,451
5,604
70
5,674
* 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 2 February 2015, 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 1016 pence per share.
Name of director/person discharging managerial responsibilities
Balance held prior to dividend purchase
No. of Shares purchased 
Revised balance 
Sue Amies-King
723
8
731
Sally Cabrini
549
7
556
Steven Fraser
3,096
38
3,134
Simon Gardiner
4,215
52
4,267
Gaynor Kenyon
2,778
34
2,812
Neil Colman
3,910
48
3,958
Jonathan Hodgkin
185
2
187
Russ Houlden
1,421
18
1,439
Gary Dixon
3,516
43
3,559
Steve Mogford
1,410
17
1,427
Janice Smethurst 
2,386
29
2,415
Paula Steer
2,852
35
2,887
__________________________________________________________________________
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"

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