Director/PDMR Shareholding

RNS Number : 9814U

Unite Group PLC

12 April 2016

 

THE UNITE GROUP PLC (the "Company")

12 April 2016

DIRECTORS DEALINGS - EXERCISE OF OPTIONS

The Company operates a long term incentive plan (approved by shareholders on 19 May 2011) which comprises a Performance Share Plan and an HMRC Approved Employee Share Option Scheme (the "LTIP"). The Executive Directors, along with other senior management, participate in the LTIP.  Two-thirds of the LTIP options granted on 10 April 2013 vested on 10 April 2016 (the balance one-third are subject to an additional holding period of one year and will vest on 10 April 2017). In addition, the remaining one-third of the LTIP options granted on 10 April 2012 vested on 10 April 2016.

Following such vesting, the Executive Directors named below, have now exercised their options such that (after deducting for income tax and national insurance contributions in the case of options granted under the Performance Share Plan and selling sufficient shares to fund the exercise price for the options granted under the HMRC Approved Employee Share Option Scheme), the following numbers of shares become registrable in the name of these Executive Directors:

Director	Number of shares	% of total issued share capital
Joe Lister, Chief Financial Officer	79,955	0.036%
Richard Simpson, Managing Director of Property	67,082	0.030%
Richard Smith, Managing Director of Operations	67,082	0.030%

Following these exercises, these Executive Directors now each hold the following numbers of shares in the Company:

Director	Total shares	% of total issued share capital
Joe Lister	510,936	0.230%
Richard Simpson	159,026	0.072%
Richard Smith	166,346	0.075%

END

 

END

 

 

DSHUUUVRNBASAAR