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

United UtilitiesAnnouncement

05/08/2015 12:40

RNS Number : 2010V
United Utilities Group PLC
05 August 2015
UNITED UTILITIES GROUP PLC
DIRECTORS' AND PDMRS' SHAREHOLDINGS
NOTIONAL AND ACTUAL DIVIDEND REINVESTMENTS
5 AUGUST 2015
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 25.14 pence per share paid on 3 August 2015, the number of additional shares granted has been calculated using the closing share price on 3 August 2015 of 885.5 pence per share. 
No. of Ordinary shares awarded
Cumulative balance on which notional dividend paid
Shares added for dividend paid 3 August 2015
Balance carried forward
36,710
44,962
1,276
46,238
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 25.14 pence per share paid on 3 August 2015, the number of additional shares granted has been calculated using the closing share price on 3 August 2015 of 885.5 pence per share.
No. of Ordinary shares awarded
Cumulative balance on which notional dividend paid
Shares added for dividend paid 3 August 2015
Balance carried forward
86,742
104,351
2,962
107,313
Deferred Bonus Plan
Under the rules of the deferred bonus plan ('the plan') vested shares are subject to uplift for dividend equivalents in respect of the dividend record dates occurring between the grant date and the vesting date. Accordingly the dividend equivalent shares shown below have been notionally added to the award. In respect of the final dividend of 25.14 pence per share paid on 3 August 2015, the number of additional shares awarded has been calculated using the closing share price on 3 August 2015 of 885.5 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 3 August 2015
Balance carried forward
Sue Amies-King
 2,769
3,021
85
3,106
Sally Cabrini
4,778
5,213
148
5,361
Gary Dixon
3,285
3,584
101
3,685
Steven Fraser
5,396
5,888
167
6,055
Simon Gardiner
4,211
4,594
130
4,724
Jonathan Hodgkin
3,246
3,541
100
3,641
Russ Houlden
31,278
34,144
969
35,113
Gaynor Kenyon
3,600
3,927
111
4,038
Steve Mogford
49,573
54,116
1,536
55,652
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 1
Dividend equivalent shares added for dividend paid on 3 August 2015
Balance carried forward
Sue Amies-King
5,410
5,477
155
5,632
Sally Cabrini
8,026
8,126
230
8,356
Gary Dixon
5,299
5,365
152
5,517
Steven Fraser
9,476
9,594
272
9,866
Simon Gardiner
6,961
7,048
200
7,248
Jonathan Hodgkin
5,475
5,543
157
5,700
Russ Houlden
24,615
24,923
707
25,630
Gaynor Kenyon
6,057
6,132
174
6,306
Steve Mogford
38,998
39,487
1,121
40,608
1 Cumulative notional dividend equivalent shares adjusted to correct an administrative error to exclude previously allocated notional dividend paid on 1 August 2014. 
Awarded 16 June 2015 - Vesting date 16 June 2018
Name of director/person discharging managerial responsibilities
Original conditional award of shares
Dividend equivalent shares added for dividend paid on 3 August 2015
Balance carried forward
Sue Amies-King
5,271
149
5,420
Sally Cabrini
7,576
215
7,791
Gary Dixon
4,852
137
4,989
Steven Fraser
8,992
255
9,247
Simon Gardiner
6,596
187
6,783
Jonathan Hodgkin
5,014
142
5,156
Russ Houlden
23,168
657
23,825
Gaynor Kenyon
5,475
155
5,630
Steve Mogford
36,700
1,041
37,741
Long Term Plan
Under the rules of the long term plan ('the plan') vested shares are subject to uplift for dividend equivalents in respect of the dividend record dates occurring between the grant date and the vesting date. Accordingly the dividend equivalent shares shown below have been notionally added to the award. In respect of the final dividend of 25.14 pence per share paid on 3 August 2015, the number of additional shares awarded has been calculated using the closing share price on 3 August 2015 of 885.5 pence per share. The actual number of shares that will vest will depend upon the extent to which the established performance conditions are satisfied over the three-year 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 paid1
Dividend equivalent shares added for dividend paid on 3 August 2015
Balance carried forward
Sue Amies-King
15,631
16,540
469
17,009
Sally Cabrini
22,958
24,295
689
24,984
Gary Dixon
15,631
16,540
469
17,009
Steven Fraser
25,694
27,190
771
27,961
Simon Gardiner
20,516
21,711
616
22,327
Jonathan Hodgkin
16,608
17,574
498
18,072
Russ Houlden *
76,203
80,642
2,289
82,931
Gaynor Kenyon
17,859
18,898
536
19,434
Steve Mogford *
120,746
127,781
3,627
131,408
1 Cumulative notional dividend equivalent shares adjusted to correct an administrative error to exclude previously allocated notional dividend paid on 2 August 2013.
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 paid1
Dividend equivalent shares added for dividend paid on 3 August 2015
Balance carried forward
Sue Amies-King
13,356
13,523
383
13,906
Sally Cabrini
19,875
20,124
571
20,695
Gary Dixon
13,038
13,201
374
13,575
Steven Fraser
23,850
24,149
685
24,834
Simon Gardiner
17,132
17,346
492
17,838
Jonathan Hodgkin
13,833
14,006
397
14,403
Russ Houlden *
63,560
64,357
1,827
66,184
Gaynor Kenyon
14,906
15,093
428
15,521
Steve Mogford *
100,692
101,955
2,894
104,849
1 Cumulative notional dividend equivalent shares adjusted to correct an administrative error to exclude previously allocated notional dividend paid on 1 August 2014. 
* Denotes Executive Director subject to additional 2 year holding period. 
Deferred Share Award Scheme
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 25.14 pence per share paid on 3 August 2015, the number of additional shares awarded has been calculated using the closing share price on 3 August 2015 of 885.5 pence per share. Under the terms of the scheme, awards (which are structured as options to acquire shares in the company with a zero exercise price) will 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 subject to satisfactory job performance.
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 3 August 2015
Balance carried forward
Sue Amies-King
10,285
10,705
303
11,008
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 3 August 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 891 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
845
24
869
Sally Cabrini
556
16
572
Steven Fraser
3,227
91
3,318
Simon Gardiner
4,361
123
4,484
Gaynor Kenyon
2,905
82
2,987
Jonathan Hodgkin
281
8
289
Russ Houlden
1,531
43
1,574
Gary Dixon
3,652
103
3,755
Steve Mogford
1,520
43
1,563
__________________________________________________________________________
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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