Unite Group PLC — Director's Dealing 2015

Apr 21, 2015

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RNS Number : 9138K

Unite Group PLC

21 April 2015

THE UNITE GROUP PLC (the "Company")

21 April 2015

DIRECTORS DEALINGS

Vesting and exercise of options

The Company operates a long term incentive plan (approved by shareholders on 19 May 2011) which comprises a Performance Share Plan and an HMRC Approved Employee Share Option Scheme (the "LTIP"). The Executive Directors, along with other senior management, participate in the LTIP.  Two-thirds of the LTIP options granted on 10 April 2012 vested on 10 April 2015 (the balance one-third are subject to an additional holding period of one year and will vest on 10 April 2016).

Following such vesting, the Executive Directors have now exercised their options such that (after deducting for income tax and national insurance contributions in the case of options granted under the Performance Share Plan and selling sufficient shares to fund the exercise price for the options granted under the HMRC Approved Employee Share Option Scheme), the following numbers of shares become registrable in the name of each Executive Director:

Director	Number of shares	% of total issued share capital
Mark Allan, Chief Executive	111,533	0.050%
Joe Lister, Chief Financial Officer	71,271	0.032%
Richard Simpson, Managing Director of Property	54,038	0.024%
Richard Smith, Managing Director of Operations	54,038	0.024%

Shares sold following these option exercises

After these option exercises, the below two Executive Directors sold the following numbers of shares as follows:

Director	Date of sale	Price per share sold	Shares sold	% of total issued share capital
Richard Simpson	21 April 2015	589.15p	98,500	0.044%
Richard Smith	20 April 2015	590.00p	17,500	0.008%

Following these transactions, the Executive Directors aggregate shareholdings increased from 1,010,738 to 1,185,618 and the Executive Directors now each hold the following numbers of shares in the Company:

Director	Total shares	% of total issued share capital
Mark Allan	609,065	0.274%
Joe Lister	407,296	0.184%
Richard Simpson	87,944	0.040%
Richard Smith	81,313	0.037%

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