Unite Group PLC
21 April 2005
THE UNITE GROUP PLC
21 APRIL 2005
The UNITE Group plc ('UNITE' or the 'Company')
DEALINGS BY DIRECTORS
Nicholas Porter, Chief Executive of The UNITE Group plc, yesterday informed the
Company of the sale by him on 20 April 2005 of 1 million ordinary shares of 25p
each in the capital of the Company (representing 0.9% of its issued share
capital) at a price of 290p per share, of which 700,000 have been placed with
family interests and 100,000 sold to fellow directors, as referred to below.
In addition, Mr Porter informed the Company yesterday of the sale on 20 April
2005 of 180,000 shares (representing 0.16% of the Company's issued share
capital) by the trustees of The Porter Family Discretionary Trust, the
beneficiaries of which are Mr Porter's two children. Such shares were again sold
at a price of 290p per share.
Following the transactions referred to above, Mr Porter is interested in
12,194,367 shares in the Company, representing 10.94% of its issued share
capital. Included in those interests are (a) the 966,000 shares which continue
to be held by the trustees of The Porter Family Discretionary Trust (the
beneficiaries of which are Mr Porter's two children); (b) 253,140 shares held by
the trustees of the Jane Louise Discretionary Settlement Trust (the
beneficiaries of which are, again, Mr Porter's two children); (c) 125,000 shares
held by the trustees of The Red Shoes Charitable Trust (one of whom is Mr
Porter); and (d) 50,000 shares held by Uniaid Foundation (of which Mr Porter is
also a trustee). Mr Porter has stated that he has no intention of selling any
further shares during this financial year.
The Company was also informed yesterday that, on 20 April 2005, each of Mark
Allan (Group Finance Director of UNITE) and Andrew Lee (HR Director of UNITE),
acquired 50,000 shares in the capital of the Company (representing 0.044% of its
issued share capital) at a price of 290p per share. Mark Allan and Andrew Lee
are now respectively interested in 85,844 shares (representing 0.077% of the
Company's issued share capital) and 81,219 shares (representing 0.072% of the
Company's issued share capital).
END
Andrew Reid
Company Secretary
The UNITE Group plc
Tel 0117 907 8138
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