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

UniteAnnouncement

12/04/2017 18:30

RNS Number : 3863C
Unite Group PLC
12 April 2017
THE UNITE GROUP PLC (the "Company")
12 April 2017
VESTING AND EXERCISE OF LTIP OPTIONS 
The Company operates a long term incentive plan (approved by shareholders in May 2016) 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. Two-thirds of the LTIP options granted on 10 April 2014 vested on 10 April 2017 (the balance one-third are subject to an additional holding period of one year and will vest on 10 April 2018). In addition, the remaining one-third of the LTIP options granted on 10 April 2013 vested on 10 April 2017.
Following such vesting, the Executive Directors named below have now exercised their options 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 following numbers of shares become registrable in the name of these Executive Directors:
Director
Nil cost options
HMRC approved options
Richard Smith
(Chief Executive Officer) 
49,248
1,029
Joe Lister
(Chief Financial Officer)
54,623
1,029
Richard Simpson
(Group Property Director)
49,248
1,029
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 
Vesting of LTIP options
c) 
Price(s) and volume(s) 
Price(s)
Volume(s)
3.19
521
4.29
508
Nil cost 
49,248
d) 
Aggregated information 
- Aggregated volume 
- Price 
50,277
As above 
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 
Vesting of LTIP options
c) 
Price(s) and volume(s) 
Price(s)
Volume(s)
3.19
521
4.29
508
Nil cost 
54,623
d) 
Aggregated information 
- Aggregated volume 
- Price 
55,652
As above 
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 
Vesting of LTIP options
c) 
Price(s) and volume(s) 
Price(s)
Volume(s)
3.19
521
4. 29
508
Nil cost 
49,248
d) 
Aggregated information 
- Aggregated volume 
- Price 
50,277
As above 
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

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