Unite Group PLC — Director's Dealing 2017

Apr 12, 2017

National Storage Mechanism | Additional information

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RNS Number : 3833C

Unite Group PLC

12 April 2017

THE UNITE GROUP PLC (THE "COMPANY")

12 April 2017

GRANT OF OPTIONS AND DIRECTORS' INTERESTS

Pursuant to the long term incentive plan of the Company (approved by shareholders in May 2016), awards under that plan (in the form of nil cost options and HMRC approved options), have been granted to each of the Company's Executive Directors, namely Mr Richard Smith (Chief Executive Officer), Mr Joe Lister (Chief Financial Officer) and Mr Richard Simpson (Group Property Director) on 10 April 2017. 

The following numbers of options have been granted:

Director	Nil cost options	HMRC approved options
Richard Smith	136,520	934
Joe Lister	111,099	934
Richard Simpson	103,155	934

The HMRC approved options were each awarded at an option price of 642.00p per share, being the closing middle market price of the shares on the day prior to the date on which the options were granted.

The number of shares in respect of which Messrs Smith, Lister and Simpson may exercise the above referred to options will be determined following the three year measurement period attaching to those awards, by reference to the EPRA adjusted earnings per share, total return per share and total shareholder return performance of the Company over that period. A two year holding period applies to these options, such that those options vesting may only be exercised from the fifth anniversary of the date of grant.

This notification is made in accordance with the requirements of the Market Abuse Regulation.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Richard Smith

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Unite Group plc

b)

LEI

213800BBUUWVDH9YI827

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 25p each

GB0006928617

b)

Nature of the transaction

Grant of LTIP options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£6.420	136,520
£6.420	934

d)

Aggregated information

- Aggregated volume

- Price

137,454

£6.4200

e)

Date of the transaction

10 April 2017

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Joe Lister

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Unite Group plc

b)

LEI

213800BBUUWVDH9YI827

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 25p each

GB0006928617

b)

Nature of the transaction

Grant of LTIP options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£6.420	111,099
£6.420	934

d)

Aggregated information

- Aggregated volume

- Price

137,454

£6.4200

e)

Date of the transaction

10 April 2017

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Richard Simpson

2

Reason for the notification

a)

Position/status

Group Property Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Unite Group plc

b)

LEI

213800BBUUWVDH9YI827

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 25p each

GB0006928617

b)

Nature of the transaction

Grant of LTIP options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£6.420	103,155
£6.420	934

d)

Aggregated information

- Aggregated volume

- Price

137,454

£6.4200

e)

Date of the transaction

10 April 2017

f)

Place of the transaction

London Stock Exchange

For further information, please contact:

Unite Students Christopher Szpojnarowicz, Company Secretary	Tel: +44 117 302 7120

END

This information is provided by RNS

The company news service from the London Stock Exchange

END

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