Director/PDMR Shareholding

RNS Number : 3833C

Unite Group PLC

12 April 2017

 

THE UNITE GROUP PLC (THE "COMPANY")

12 April 2017

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 Officer), Mr Joe Lister (Chief Financial Officer) and Mr Richard Simpson (Group Property Director) on 10 April 2017. 

The following numbers of options have been granted:

Director	Nil cost options	HMRC approved options
Richard Smith	136,520	934
Joe Lister	111,099	934
Richard Simpson	103,155	934

The HMRC approved options were each awarded at an option price of 642.00p 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 may only be exercised from the fifth anniversary of the date of grant.

This notification 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	Grant of LTIP options
c)	Price(s) and volume(s)	Price(s) Volume(s) £6.420 136,520 £6.420 934
d)	Aggregated information - Aggregated volume - Price	137,454 £6.4200
e)	Date of the transaction	10 April 2017
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	Grant of LTIP options
c)	Price(s) and volume(s)	Price(s) Volume(s) £6.420 111,099 £6.420 934
d)	Aggregated information - Aggregated volume - Price	137,454 £6.4200
e)	Date of the transaction	10 April 2017
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Simpson
2	Reason for the notification
a)	Position/status	Group Property Director
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	Grant of LTIP options
c)	Price(s) and volume(s)	Price(s) Volume(s) £6.420 103,155 £6.420 934
d)	Aggregated information - Aggregated volume - Price	137,454 £6.4200
e)	Date of the transaction	10 April 2017
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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