Business
Performance and Matching Share Plan Awards
Performance and Matching Share Plan Awards.
About this update from United Utilities Group Plc
[{"type":"text","content":"\n \n UNITED UTILITIES GROUP PLC \n\n PERFORMANCE SHARE PLAN \n\n 6 AUGUST 2008 \n\nThe following contingent option awards were granted on 6 August 2008 pursuant\nto the performance share plan approved by the shareholders at the Annual\nGeneral Meeting on 1 July 2008. The figures reflect the maximum number of\nshares over which the option might be exercised. The actual number will depend\nupon the extent to which the established performance conditions are satisfied\nover the performance period. Under the rules, the awards are subject to uplift\nfor notional dividends made or paid during the performance period.\n\nName of director No. of Price paid Price Performance period\n/senior manager Ordinary for award payable on \ndischarging shares £ exercise £ \nmanagerial awarded \nresponsibilities \n \nPhilip Green 75,121 nil nil 01/04/2008 to 31/03/2011 \n \nTim Weller 43,185 nil nil 01/04/2008 to 31/03/2011 \n \nCharlie Cornish 36,355 nil nil 01/04/2008 to 31/03/2011 \n \nAlison Clarke 19,368 nil nil 01/04/2008 to 31/03/2011 \n \nGaynor Kenyon 11,872 nil nil 01/04/2008 to 31/03/2011 \n \nClive Elphick 15,064 nil nil 01/04/2008 to 31/03/2011 \n \nTom Keevil 20,803 nil nil 01/04/2008 to 31/03/2011 \n \nMatthew Wright 15,602 nil nil 01/04/2008 to 31/03/2011 \n \nIan McAulay 15,602 nil nil 01/04/2008 to 31/03/2011 \n \n\n UNITED UTILITIES GROUP PLC \n\n MATCHING SHARE AWARD PLAN \n\n 6 AUGUST 2008 \n\nThe ordinary shares in United Utilities Group PLC in column 1 below were\nallotted in the UK after close of the market on 5 August 2008 to the undernoted\ndirectors and persons discharging managerial responsibility at full market\nvalue. These shares will constitute investment shares as defined in the rules\nof the United Utilities Group PLC 2008 Matching Share Award Plan (the \"Plan\")\nwhich was approved by the shareholders at the General Meeting on 1 July 2008.\n\nOn 5 August 2008, the trustees of the Plan granted in the UK, matching share\nawards as listed in column 2 below. The matching share awards give each\nexecutive an option to acquire up to a maximum number of ordinary shares in\nUnited Utilities Group PLC at nil cost to them subject to the rules of the\nPlan. The actual number of ordinary shares which will vest will depend upon the\nextent to which the established performance conditions are satisfied over the\nperformance peri...