Director/PDMR Shareholding

RNS Number : 3833C
Unite Group PLC
12 April 2017
 

THE UNITE GROUP PLC (THE "COMPANY")

12 April 2017

GRANT OF OPTIONS AND DIRECTORS' INTERESTS

Pursuant to the long term incentive plan of the Company (approved by shareholders in May 2016), awards under that plan (in the form of nil cost options and HMRC approved options), have been granted to each of the Company's Executive Directors, namely Mr Richard Smith (Chief Executive Officer), Mr Joe Lister (Chief Financial Officer) and Mr Richard Simpson (Group Property Director) on 10 April 2017. 

The following numbers of options have been granted:

Director

Nil cost options

HMRC approved options

Richard Smith

136,520

 

934

Joe Lister

111,099

 

934

Richard Simpson

103,155

 

934

 

The HMRC approved options were each awarded at an option price of 642.00p 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, Lister and Simpson 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 return per share 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)

£6.420

 

136,520

£6.420

934

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

137,454

 

£6.4200

 

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

 

 

Grant of LTIP options

 

 

 

 

c)

 

 

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£6.420

 

111,099

£6.420

934

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

137,454

 

£6.4200

 

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

 

 

Grant of LTIP options

 

 

 

 

c)

 

 

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£6.420

 

103,155

£6.420

934

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

137,454

 

£6.4200

 

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
 
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