Director/PDMR Shareholding

RNS Number : 8710C

Unite Group PLC

20 November 2009

 

THE UNITE GROUP PLC

20 NOVEMBER 2009

The UNITE Group plc (the "Company" or "UNITE")

DEALINGS BY DIRECTOR

Mr Mark Allan, Chief Executive of The UNITE Group plc, has, following the exercise on 20 November 2009 of options over 54,733 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.

Mr Allan acquired 54,733 shares on 20 November 2009 following the exercise by him of options granted to him on 4 May 2004 under The UNITE Group plc Unapproved Share Option Scheme. The exercise price relating to such options granted was 191p per share. The shares acquired by Mr Allan as a result of the exercise of those options were sold by him on 20 November 2009 at an average price of 280.2969p per share.

Following the above referred to exercise of options and sale of shares, Mr Allan remains interested in 838,053 ordinary shares of 25p each in the Company, representing 0.525% of its issued share capital. Included in those interests are 594,484 shares the subject of awards made to Mr Allan pursuant to the terms of the Company's Long Term Incentive Plan ("LTIP"). The proportion of those 594,484 LTIP shares that will unconditionally vest in Mr Allan will be determined following the end of the relevant three measurement periods attaching to those awards by reference to the net asset value and the total shareholder return performance of the Company over those periods.

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