Unite Group PLC
07 January 2008
THE UNITE GROUP PLC
7 JANUARY 2008
The UNITE Group plc (the 'Company' or 'UNITE')
DEALINGS BY DIRECTOR
Mr Mark Allan, Chief Executive of The UNITE Group plc, has, following the
exercise on 7 January 2008 of options over 16,388 ordinary shares of 25p each in
the Company, subsequently sold all of the shares acquired by him as a result of
the exercise of such options.
Mr Allan acquired 16,388 shares on 7 January 2008 following the exercise by him
of 10,388 of the options granted to him on 11 October 2002 and 6,000 of the
options granted to him on 4 May 2004, all under The UNITE Group plc Unapproved
Share Option Scheme. The exercise price relating to the options granted on 11
October 2002 was 129p per share, whilst the exercise price of the options
granted on 4 May 2004 was 191p per share. The shares acquired by Mr Allan as a
result of the exercise of those options were sold by him on 7 January 2008 at a
price of 340p per share.
Following the above referred to exercise of options and sale of shares, Mr Allan
remains interested in 239,312 ordinary shares of 25p each in the Company,
representing 0.193% of its issued share capital. Included in those interests are
135,290 shares the subject of awards made to Mr Allan pursuant to the terms of
the Company's Long Term Incentive Plan ('LTIP'). The proportion of those 135,290
LTIP shares that will unconditionally vest in Mr Allan will be determined
following the end of the relevant three measurement periods attaching to those
awards by reference to the net asset value and the total shareholder return
performance of the Company over those periods.
END.
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