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

UniteAnnouncement

12/04/2017 17:55

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 10April 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: +44 117 302 7120 
END

This information is provided by RNS
The company news service from the London Stock Exchange
  END
DSHUUVNRBRASAAR