Unite Group PLC
11 April 2007
THE UNITE GROUP PLC
11 APRIL 2007
THE UNITE GROUP PLC (THE 'COMPANY')
DEALINGS BY DIRECTORS
Pursuant to the Company's Long Term Incentive Plan ('LTIP'), a conditional share
award over 55,096 ordinary shares of 25p each in the capital of the Company was
made to Mr Mark Allan, Chief Executive Officer of the Company, on 11 April,
2007.
Also on 11 April 2007, Mr Allan sold 9,000 shares of 25p each in the capital of
the Company, at a price of 537p per share, to settle his tax and national
insurance liability in respect of the transfer to him, on 26 March 2007, of
22,467 ordinary shares of 25p each in the capital of the Company by way of
deferred bonus payment.
Further conditional share awards, over 34,894 and 33,058 ordinary shares of 25p
each in the capital of the Company were made respectively to Mr Tony Harris,
Chief Financial Officer of the Company, and to Mr John Tonkiss, Managing
Director of the Company's Student Hospitality UK Business, on 11 April 2007.
Such awards were again made under the terms of the LTIP.
The number of shares that will unconditionally vest in Messrs Allan, Harris and
Tonkiss pursuant to the above referred to LTIP awards will be determined
following expiry of the three year measurement period attaching to those awards,
by reference to the net asset value and total shareholder return performance of
the Company over that period.
Following the above referred to LTIP awards and sale, Mr Allan is interested in
239,312 shares in the Company, representing 0.19% of its issued capital; Mr
Harris is interested in 34,894 shares in the Company, representing 0.028% of its
issued capital; and Mr Tonkiss is interested in 80,029 shares in the Company,
representing 0.065% of its issued capital. Included in the interests of Messrs
Allan and Tonkiss are, in addition to the shares the subject of their LTIP
awards referred to above, a further 80,194 and 29,162 shares which are the
subject of LTIP awards respectively made to Messrs Allan and Tonkiss on 11 April
2006. The number of shares that will unconditionally vest in Messrs Allan and
Tonkiss pursuant to those earlier LTIP awards will also be determined following
the end of the three year measurement period attaching to those awards by
reference to the net asset value and total shareholder return performance of the
Company over that period.
END.
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