Director/PDMR Shareholding

RNS Number : 3464M

Unite Group PLC

14 September 2012

 

THE UNITE GROUP PLC

14 SEPTEMBER 2012

The UNITE Group plc (the "Company")

DEALINGS BY DIRECTOR

Mr Mark Allan, Chief Executive of The UNITE Group plc, has today sold 161,164 ordinary shares of 25p each in the Company at an average price of 256.58p per share. Mr Allan intends to use the proceeds from the sale of those shares to fund the purchase of a new family home.

Following the above referred to sale of shares, Mr Allan is interested in 538,723 ordinary shares of 25p each in the Company, representing 0.336% of its issued share capital. Included in those interests are 158,436 shares the subject of an award made to Mr Allan pursuant to the Company's Long Term Incentive Plan ("LTIP"). The proportion of those 158,436 shares that will unconditionally vest in Mr Allan will be determined following the end of the three year measurement period attaching to that award by reference to the net asset value and total shareholder return performance of the Company over that period.

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