Director/PDMR Shareholding

RNS Number : 6029G

Unite Group PLC

24 July 2019

 

THE UNITE GROUP PLC (the "Company")

24 July 2019

VESTING AND EXERCISE OF LTIP OPTIONS

The Company operates a long term incentive plan 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.   

As regards the LTIP options granted in April 2015 to the Executive Directors, two-thirds vested and were exercised in April 2018.  The balance one-third are subject to an additional holding period of one year and the Executive Directors exercised these options on 23 July 2019 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 below numbers of shares become registrable in their names.  

Director	Nil cost options	HMRC approved options
Richard Smith (Chief Executive Officer)	10,780	242
Joe Lister (Chief Financial Officer)	11,955	242

The notification below is made in accordance with the requirements of the Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Smith
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Unite Group plc
b)	LEI	213800BBUUWVDH9YI827
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB0006928617
b)	Nature of the transaction	Exercise of LTIP options
c)	Price(s) and volume(s)	Price(s) Volume(s) 583.5p 242 Nil cost 10,780
d)	Aggregated information - Aggregated volume - Price	11,022 As above
e)	Date of the transaction	23 July 2019
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Joe Lister
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Unite Group plc
b)	LEI	213800BBUUWVDH9YI827
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB0006928617
b)	Nature of the transaction	Exercise of LTIP options
c)	Price(s) and volume(s)	Price(s) Volume(s) 583.5p 242 Nil cost 11,955
d)	Aggregated information - Aggregated volume - Price	12,197 As above
e)	Date of the transaction	23 July 2019
f)	Place of the transaction	London Stock Exchange

For further information, please contact:

Unite Students Christopher Szpojnarowicz, Company Secretary

Tel: [phone]

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