Exhibit 99.3
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by anissuerto make aRISnotification required byDR3.1.4R(1).
(1) | | Anissuermaking a notification in respect of a transactions relating to thesharesor debentures of theissuershould complete boxes 1 to 16, 23 and 24. |
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(2) | | Anissuermaking a notification in respect of a derivative relating thesharesof the issuer should complete boxes 1 to 4, 6, 8,, 13, 14 ,16, 23 and 24. |
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(3) | | Anissuermaking a notification in respect of options granted to adirector/person discharging managerial responsibilitiesshould complete boxes 1 to 3 and 17 to 24. |
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(4) | | An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes should be in block capital letters
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1. | | | Name of theissuer
UNITED UTILITIES PLC | | | | 2. | | | | State whether the notification relates to (i) a transaction notified in accordance withDR 3.1.4R(1)(a); or
(ii)DR3.1.4R(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or
(iii) both (i) and (ii)
BOTH (i) AND (ii) |
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3. | | | Name ofperson discharging managerial responsibilities/director
PHILIP GREEN | | | | 4. | | | | State whether notification relates to a person connected with aperson discharging managerial responsibilities/director named in 3 and identify the connected person
N/A |
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5. | | | Indicate whether the notification is in respect of a holding of theperson referred to in 3 or 4 above or in respect of a non-beneficial interest
DIRECTOR | | | | 6. | | | | Description ofshares(includingclass), debentures or derivatives or financial instruments relating toshares
ORDINARY SHARES OF £1 EACH |
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7. | | | Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
N/A | | | | 8. | | | | State the nature of the transaction
GRANT OF SHARE OPTION |
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9. | | | Number ofshares, debentures or financial instruments relating tosharesacquired | | | | 10. | | | | Percentage of issued class acquired (treasury sharesof thatclassshould not be taken into account when calculating percentage)
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11. | | | Number ofshares, debentures or financial instruments relating tosharesdisposed | | | | 12. | | | | Percentage of issuedclass disposed (treasury sharesof thatclassshould not be taken into account when calculating percentage)
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13. | | | Price per share of value of transaction | | | | 14. | | | | Date and place of transaction
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15. | | | Total holding following notification and total percentage holding following notification (anytreasury shares should not be taken into account when calculating percentage)
| | | | 16. | | | | Date issuer informed of transaction |
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If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
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17. | | | Date of grant
16 JANUARY 2007 | | | | 18. | | | | Period during which or date on which it can be exercised
AT ANY TIME DURING THE PERIOD COMMENCING ON 12 FEBRUARY 2011 AND ENDING ON 12 AUGUST 2011 |
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19. | | | Total amount paid (if any) for grant of the option
ZERO | | | | 20. | | | | Description ofsharesor debentures involved (classand number)
ORDINARY SHARES.
INITIALLY 100,000 ORDINARY SHARES ARE SUBJECT TO THE OPTION BUT THE NUMBER OF SHARES OVER WHICH THE OPTION MAY EVENTUALLY BE EXERCISED WILL BE INCREASED OVER TIME BY REFERENCE TO THE DIVIDENDS THAT ARE PAID IN RELATION TO THE 100,000 SHARES INITIALLY PLACED UNDER THE OPTION. THIS DIVIDEND ENHANCEMENT MECHANISM PROVIDES THAT EACH TIME A DIVIDEND IS PAID, THE NUMBER OF SHARES THAT COULD HAVE BEEN ACQUIRED USING THE AGGREGATE DIVIDEND NOTIONALLY RECEIVED IN RELATION TO THE SHARES UNDER THE OPTION (AT A PRICE EQUAL TO THE MARKET VALUE OF THE SHARES AT THE TIME THE DIVIDEND IS PAID) SHALL BE NOTIONALLY ADDED TO THE NUMBER OF SHARES UNDER THE OPTION. AT THE POINT OF EXERCISE, PHILIP GREEN WILL BE ENTITLED TO ACQUIRE THESE ADDITIONAL DIVIDEND SHARES (OR A PROPORTION OF THEM). |
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21. | | | Exercise price (if fixed at a time of grant) indication that price is to be fixed at the time of exercise
ZERO | | | | 22. | | | | Total number ofsharesor debentures over which options held following notification
100,000 |
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23. | | | Any additional information
PHILIP GREEN COMMENCED EMPLOYMENT WITH THE COMPANY ON 13 FEBRUARY 2006 AND WAS APPOINTED AS A DIRECTOR OF THE COMPANY ON 20 FEBRUARY 2006. AS PART OF THE TERMS OF HIS RECRUITMENT THE COMPANY AGREED TO ESTABLISH A MATCHED SHARE INVESTMENT SCHEME. THIS IS A LONG TERM INCENTIVE SCHEME UNDER WHICH PHILIP GREEN IS THE SOLE PARTICIPANT. THE OPTION HAS BEEN GRANTED TO PHILIP GREEN UNDER THE TERMS OF HIS LONG TERM INCENTIVE SCHEME TO MATCH THE INVESTMENT THAT PHILIP GREEN MADE HIMSELF BY PREVIOUSLY ACQUIRING 100,000 ORDINARY SHARES IN THE CAPITAL OF THE COMPANY USING HIS OWN RESOURCES. THE OPTION IS GRANTED UNDER THE AUTHORITY PROVIDED BY SUB-PARAGRAPH (2) OF PARAGRAPH 9.4.2R OF THE LISTING RULES.
FURTHER DETAILS OF THE OPTION ARE SET OUT ON PAGES 52 AND 53 OF THE 2006 ANNUAL REPORT AND ACCOUNTS WHICH HAVE PREVIOUSLY BEEN DISCLOSED TO SHAREHOLDERS. | | | | 24. | | | | Name of contact and telephone number for queries
PAUL DAVIES, COMPANY SECRETARY + 44 1 925 237051 |
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Name and signature of duly authorised officer of issuer responsible for making notification
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T Rayner, Company Secretary | | |
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Date of notification 16 January 2007 | | |