Unite Group PLC — Director's Dealing 2019

Jul 25, 2019

National Storage Mechanism | Additional information

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RNS Number : 7851G

Unite Group PLC

25 July 2019

THE UNITE GROUP PLC (THE "COMPANY")

25 July 2019

GRANT OF OPTIONS AND DIRECTORS' INTERESTS

Pursuant to the long term incentive plan of the Company, awards have been granted to the Company's Executive Directors, namely Mr Richard Smith (Chief Executive Officer) and Mr Joe Lister (Chief Financial Officer) on 24 July 2019 as follows:   

Director	Nil cost options	HMRC approved options
Richard Smith	85,190	557
Joe Lister	69,333	557

The HMRC approved options were awarded at an option price of £10.76 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 and Lister 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 accounting return 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)
£10.76	85,190
£10.76	557

d)

Aggregated information

- Aggregated volume

- Price

85,747

£10.76

e)

Date of the transaction

24 July 2019

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)
£10.76	69,333
£10.76	557

d)

Aggregated information

- Aggregated volume

- Price

69,890

£10.76

e)

Date of the transaction

24 July 2019

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

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END

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