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Unite Group PLC (UTG)

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Wednesday 24 July, 2019

Unite Group PLC

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: +44 117 302 7120 

 

END


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