Director/PDMR Shareholding

RNS Number : 0770F

Unite Group PLC

18 April 2011

 

THE UNITE GROUP PLC

18 April 2011

("THE COMPANY")

DEALINGS BY DIRECTORS

The three year measurement period in respect of the awards made in 2008 to Mr Mark Allan (Chief Executive of the Company); to Mr John Tonkiss (Chief Operating Officer of the Company); and to Mr Joe Lister (Chief Financial Officer of the Company), pursuant to the Company's Long Term Incentive Plan (the "LTIP"), expired on 15 April 2011.  None of the shares the subject of those awards have vested unconditionally, as a result of which the 2008 LTIP Awards have lapsed.  Therefore, on 15 April 2011, Mr Allan ceased to be interested in the 124,294 shares the subject of his 2008 LTIP award; Mr Tonkiss ceased to be interested in the 67,796 shares the subject of his 2008 LTIP Award; and Mr Lister ceased to be interested in the 64,568 shares the subject of his 2008 LTIP award.

As a result of the above, Mr Allan is now interested in 966,483 shares in the Company, representing 0.60% of its issued share capital; Mr Tonkiss is now interested in 452,553 shares in the Company, representing 0.28% of its issued share capital; and Mr Lister is now interested in 474,408 shares in the Company, representing 0.30% of its issued share capital.

Included in the interests of Mr Allan are 573,530 shares the subject of LTIP awards made to Mr Allan in April 2009 and 2010.

Included in the interests of Mr Tonkiss are 325,180 shares the subject of LTIP awards made to Mr Tonkiss in April 2009 and 2010.

Included in the interests of Mr Lister are 306,167 shares the subject of LTIP awards made to Mr Lister in April 2009 and 2010.

The number of shares that will unconditionally vest in Messrs Allan, Tonkiss and Lister pursuant to their 2009 and 2010 LTIP awards will also be determined following the end of the three year measurement periods attaching to those awards by reference to the net asset value and total shareholder return performance of the Company over the relevant period.

END

 

END

 

 

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