Director/PDMR Shareholding

RNS Number : 1182D

Unite Group PLC

24 April 2013

 



THE UNITE GROUP PLC (the "Company")

24 APRIL 2013

DEALINGS BY DIRECTORS

Pursuant to the long term incentive plan of the Company (which was approved by shareholders in May 2011), awards under that plan (in the form of nil cost options and HMRC approved options), have been granted to each of the Company's Executive Directors, namely Mr Mark Allan (Chief Executive), Mr Joe Lister (Chief Financial Officer), Mr Richard Simpson (Managing Director of Property) and Mr Richard Smith (Managing Director of Operations). Messrs Allan, Lister, Simpson and Smith were awarded nil cost options in respect of 193,680 shares, 122,348 shares, 110,298 shares and 110,298 shares respectively and each of them was awarded HMRC approved options in respect of 3,134 shares. The HMRC approved options were each awarded at an exercise price of 319p per share, being the closing middle market price of the shares on the day prior to the date on which the options were granted.

The number of shares in respect of which Messrs Allan, Lister, Simpson and Smith may exercise the above referred to options will be determined following the three year measurement period attaching to those awards, by reference to the net asset value, net portfolio contribution and total shareholder return performance of the Company over that period. Two thirds of such of the options as become exercisable may be exercised on 10 April 2016, with the remaining third becoming exercisable on 10 April 2017.

Not taking account of options held by them, Mr Allan is interested in 560,063 shares in the Company, representing 0.349% of its issued share capital; Mr Lister is interested in 335,916 shares in the Company, representing 0.209% of its issued share capital; and Mr Simpson is interested in 104,971 shares in the Company, representing 0.065% of its issued share capital. Mr Smith currently holds no interest in the share capital of the Company.

Included in the above interests of Messrs Allan, Lister and Simpson are shares the subject of restricted share awards made to them in April 2010 under the Company's previous long term incentive plan (158,436 shares in the case of Mr Allan; 90,534 shares in the case of Mr Lister; and 55,555 shares in the case of Mr Simpson). The measurement period in relation to these awards has now ended and disclosure of the numbers of shares that have vested unconditionally in Messrs Allan, Lister and Simpson pursuant to those awards will be made following completion of the relevant calculations.

END

 

END

 

 

RDSUSVRROKASUAR