Director/PDMR Shareholding

RNS Number : 1278C

Unite Group PLC

23 June 2016

 

THE UNITE GROUP PLC (THE "COMPANY")

23 June 2016

GRANT OF OPTIONS AND DIRECTORS' INTERESTS

Pursuant to the long term incentive plan of the Company (approved by shareholders in May 2016), 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 Richard Smith (Chief Executive), Mr Joe Lister (Chief Financial Officer) and Mr Richard Simpson (Group Property Director) on 23 June 2016. 

The following numbers of options have been granted:

Director	Nil cost options	HMRC approved options
Richard Smith	133,947	935
Joe Lister	109,006	935
Richard Simpson	101,212	935

The HMRC approved options were each awarded at an option price of 641.5p 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 Smith, Lister and Simpson may exercise the above referred to options will be determined following the three year measurement period attaching to those awards, by reference to the EPRA adjusted earnings per share, total return per share and total shareholder return performance of the Company over that period. A two year holding period applies to these options, such that those options vesting become exercisable on the fifth anniversary of the date of grant.

Not taking account of options held by them, each Director is interested in the following number of shares which represents the following percentage of the total issued share capital of the Company:

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

END

 

END

 

 

DSHUOOSRNNANUAR