Revised Start Date for New Chief Executive Officer

RNS Number : 3094Z

Unite Group PLC

25 May 2016

 

25 May 2016

THE UNITE GROUP PLC

('Unite Students', 'Unite', the 'Group', or the 'Company')

REVISED START DATE FOR NEW CHIEF EXECUTIVE OFFICER

The Unite Group plc, the UK's leading developer and manager of student accommodation, announces that due to the handover period progressing ahead of schedule, Richard Smith will commence his role as Chief Executive Officer from 1 June 2016.

This is one month ahead of the guidance given in the announcement of 7 April, which noted a formal start date of 1 July 2016. Mark Allan's formal departure from the business will occur in line with this revised guidance, on 31 May 2016.

As previously announced, Mark will continue to remain available in an advisory capacity, if required, until 31 October, to support Richard and ensure a continued, smooth transition.

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The Unite Group plc Phil White Mark Allan Richard Smith	Tel: [phone]
Bell Pottinger Victoria Geoghegan Nick Lambert Elizabeth Snow	Tel: [phone]

About Unite Students

Unite Students revolutionised student housing in 1991, opening the first private and large-scale accommodation, created specifically for students. From pioneering to leading a thriving sector in the UK, Unite is now a FTSE250 company. We offer safe, high quality and bills-inclusive homes for more than 46,000 students in 138 halls, across 28 university cities, working with 60 Universities. As a first home-away-from-home, for most of our students, our buildings are more than bricks and mortar. They offer a solid foundation for their success. Our 1,250 employees are committed to listening to our students and growing our business to anticipate and nurture their needs. Our charity, The Unite Foundation, helps students beat a difficult start in life. So far, we have awarded free student accommodation and generous scholarships to 116 young people. Unite invests in and operates some specialist funds and joint ventures with institutional investment partners, the largest of which is the £2 billion Unite UK Student Accommodation Fund (USAF).

www.unite-group.co.uk

 

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