Unite Group PLC
01 June 2006
THE UNITE GROUP PLC
1 JUNE 2006
The UNITE Group plc (the 'Company')
DEALINGS BY DIRECTOR
Nicholas Porter, Chief Executive Officer of The UNITE Group plc, has today
informed the Company of the sale by him today of 3.4 million ordinary shares of
25p each in the capital of the Company (representing 2.77% of its issued share
capital), at a price of 375p per share. Of such shares sold by Mr Porter, 2
million have been placed with family interests.
Mr Porter has today also informed the Company of the sale today of a further
100,000 shares (representing 0.08% of the Company's issued share capital), by
the trustees of The Porter Family Discretionary Trust, the beneficiaries of
which are Mr Porter's children. Such shares were again sold at a price of 375p
per share.
Following the transactions referred to above, Mr Porter is interested in
8,545,485 shares in the Company, representing 6.97% of its current issued share
capital. Included in those interests are (a) 866,000 shares held by the trustees
of The Porter Family Discretionary Trust (the beneficiaries of which are Mr
Porter's children); (b) 181,140 shares held by the trustees of the Jane Louise
Discretionary Settlement Trust (the beneficiaries of which include Mr Porter's
children); and (c) 151,882 shares held by the trustees of The Red Shoes
Charitable Trust (one of whom is Heather Porter, Mr Porter's wife).
Mr Porter has confirmed that he has no present intention to make further
disposals and intends to hold a significant interest in the Company going
forward.
END.
Andrew Reid
Company Secretary
The UNITE Group plc
Tel 0117 302 7000
This information is provided by RNS
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