REG - Unite Group PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">UTG.L</Origin>

UniteAnnouncement

23/06/2016 15:40

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

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