Unite Group PLC — Remuneration Information 2018

Apr 11, 2018

National Storage Mechanism | Additional information

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RNS Number : 6170K

Unite Group PLC

11 April 2018

THE UNITE GROUP PLC (the "Company")

11 April 2018

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 2 April 2015 vested on 2 April 2018 (the balance one-third are subject to an additional holding period of one year and will vest on 2 April 2019). In addition, the remaining one-third of the LTIP options granted on 10 April 2014 vested on 10 April 2018.

Following such vesting, the Executive Directors named below have exercised their options on 10 April 2018 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)	36,441	670
Joe Lister (Chief Financial Officer)	40,413	670
Richard Simpson (Group Property Director)	36,441	670

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)
428.6p	365
583.5p	305
Nil cost	36,441

d)

Aggregated information

- Aggregated volume

- Price

37,111

As above

e)

Date of the transaction

10 April 2018

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)
428.6p	365
583.5p	305
Nil cost	40,413

d)

Aggregated information

- Aggregated volume

- Price

41,083

As above

e)

Date of the transaction

10 April 2018

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)
428.6p	365
583.5p	305
Nil cost	36,441

d)

Aggregated information

- Aggregated volume

- Price

37,111

As above

e)

Date of the transaction

10 April 2018

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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