Exhibit 99.2
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 | | | 2. | | | State whether the notification relates to (i) a transaction notified in accordance withDR 3.1.4R(1)(a); or |
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| | | | | | | | (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 |
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| | | | | | | | (iii) both (i) and (ii) |
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| | UNITED UTILITIES PLC | | | | | | BOTH (i) AND (ii) |
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3. | | Name ofperson discharging managerial responsibilities/director | | | 4. | | | State whether notification relates to a person connected with aperson discharging managerial responsibilities/director named in 3 and identify the connected person |
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| | TIM WELLER | | | | | | 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 | | | 6. | | | Description ofshares(includingclass), debentures or derivatives or financial instruments relating toshares |
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| | DIRECTOR | | | | | | 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 | | | 8. | | | State the nature of the transaction |
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| | N/A | | | | | | 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 |
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 | | | 18. | | | Period during which or date on which it can be exercised |
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| | 14 FEBRUARY 2007 | | | | | | AT ANY TIME DURING THE PERIOD COMMENCING ON 30 JUNE 2011 AND ENDING ON 30 DECEMBER 2011 |
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19. | | Total amount paid (if any) for grant of the option | | | 20. | | | Description ofsharesor debentures involved (classand number) |
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| | ZERO | | | | | | INITIALLY, 39,000 ORDINARY SHARES (THE AWARD SHARES) ARE SUBJECT TO THE OPTION. HOWEVER, THIS NUMBER IS TO BE INCREASED ON EACH DIVIDEND PAYMENT DATE FOLLOWING MR WELLER’S JOINING DATE (1 JULY 2006) BY THE NUMBER OF ORDINARY SHARES WHICH COULD HAVE BEEN PURCHASED ON THAT PAYMENT DATE USING THE AGGREGATE CASH AMOUNT OF THE DIVIDEND WHICH NOTIONALLY WOULD HAVE BEEN PAID ON THE AWARD SHARES. |
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| | | | | | | | ACCORDINGLY, A FURTHER 1,715 AND 769 ORDINARY SHARES HAVE BEEN ADDED TO THE AWARD SHARES IN RESPECT OF DIVIDENDS ALREADY PAID ON 25 AUGUST 2006 AND 12 FEBRUARY 2007 RESPECTIVELY, MAKING A TOTAL 41,484 ORDINARY SHARES SUBJECT TO THE OPTION AS AT THE DATE OF GRANT. |
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| | | | | | | | AT THE POINT OF EXERCISE, TIM WELLER WILL BE ENTITLED TO ACQUIRE THE DIVIDEND SHARES (OR A PROPORTION OF THEM) IN ADDITION TO THE 39,000 AWARD SHARES. |
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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 | | | 22. | | | Total number ofsharesor debentures over which options held following notification |
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| | ZERO | | | | | | 41,484 |
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23. | | Any additional information | | | 24. | | | Name of contact and telephone number for queries |
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| | THE OPTION HAS BEEN GRANTED TO TIM WELLER UNDER THE TERMS OF A LONG TERM INCENTIVE SCHEME OF WHICH HE IS THE SOLE PARTICIPANT. | | | | | | PAUL DAVIES, COMPANY SECRETARY + 44 1 925 237051 |
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| | THE INTENTION TO GRANT THE OPTION WAS PREVIOUSLY NOTIFIED TO THE MARKET ON 1 AUGUST 2006. | | | | | | |
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| | THE OPTION IS GRANTED UNDER THE AUTHORITY PROVIDED BY SUB-PARAGRAPH (2) OF PARAGRAPH 9.4.2R OF THE LISTING RULES. | | | | | | |
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| | IN ACCORDANCE WITH PARAGRAPH 9.4.3R OF THE LISTING RULES, UNITED UTILITIES PLC SHALL DISCLOSE THE PRINCIPAL TERMS OF THE LONG TERM INCENTIVE SCHEME FOR TIM WELLER AND THE OTHER INFORMATION REQUIRED BY THAT LISTING RULE IN ITS ANNUAL REPORT AND ACCOUNTS FOR 2007 | | | | | | |
Name and signature of duly authorised officer of issuer responsible for making notification
T Rayner, Company Secretary
Date of notification 14 February 2007 .