Unite Group PLC
26 September 2006
THE UNITE GROUP PLC
26 SEPTEMBER 2006
The UNITE Group plc (the 'Company' or 'UNITE')
DEALING BY DIRECTOR
Dr Andrew Lee, HR Director of The UNITE Group plc , has, following the exercise
by him on 25 September 2006 of options over 50,000 ordinary shares of 25p each
in the Company, subsequently sold all of the shares acquired by him as a result
of the exercise of such options.
Dr Lee acquired 50,000 shares on 25 September 2006 following the exercise of
options granted to him on 21 March 2001 at an exercise price of 300p per share.
Options to acquire 10,000 of those shares were granted to Dr Lee under the terms
of The UNITE Group plc Approved Share Option Scheme, whilst the options to
acquire the balance of 40,000 shares were granted to him under the terms of The
UNITE Group plc Unapproved Share Option Scheme.
The shares acquired by Dr Lee as a result of the exercise of those options were
sold by him on 25 September 2006 at a price of 440p per share.
Following the above referred to exercise of options and sale of shares, Dr Lee
remains interested in 145,735 ordinary shares of 25p each in the capital of the
Company, representing 0.118% of its issued share capital. Included in those
interests are 59,600 shares conditionally awarded to Dr Lee under the terms of
the Company's Long Term Incentive Plan. The number of such shares that will
unconditionally vest in Dr Lee pursuant to that award will be determined
following the end of the relevant three year measurement period.
END
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