Unite Group PLC — Remuneration Information 2017

Apr 12, 2017

National Storage Mechanism | Additional information

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RNS Number : 3863C

Unite Group PLC

12 April 2017

THE UNITE GROUP PLC (the "Company")

12 April 2017

VESTING AND EXERCISE OF LTIP OPTIONS

The Company operates a long term incentive plan (approved by shareholders in May 2016) 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 2014 vested on 10 April 2017 (the balance one-third are subject to an additional holding period of one year and will vest on 10 April 2018). In addition, the remaining one-third of the LTIP options granted on 10 April 2013 vested on 10 April 2017.

Following such vesting, the Executive Directors named below 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 these Executive Directors:

Director	Nil cost options	HMRC approved options
Richard Smith (Chief Executive Officer)	49,248	1,029
Joe Lister (Chief Financial Officer)	54,623	1,029
Richard Simpson (Group Property Director)	49,248	1,029

The notification below 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

Vesting of LTIP options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.19	521
£4.29	508
Nil cost	49,248

d)

Aggregated information

- Aggregated volume

- Price

50,277

As above

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

Vesting of LTIP options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.19	521
£4.29	508
Nil cost	54,623

d)

Aggregated information

- Aggregated volume

- Price

55,652

As above

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

Vesting of LTIP options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£3.19	521
£4. 29	508
Nil cost	49,248

d)

Aggregated information

- Aggregated volume

- Price

50,277

As above

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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