REG - Unite Group PLC - Director/PDMR Shareholding

UniteAnnouncement

25/07/2019 18:00

RNS Number : 7851G
Unite Group PLC
25 July 2019
 


THE UNITE GROUP PLC (THE "COMPANY")
25 July 2019
GRANT OF OPTIONS AND DIRECTORS' INTERESTS
Pursuant to the long term incentive plan of the Company, awards have been granted to the Company's Executive Directors, namely Mr Richard Smith (Chief Executive Officer) and Mr Joe Lister (Chief Financial Officer) on 24 July 2019 as follows:   



Director


Nil cost options


HMRC approved options




Richard Smith
 


85,190


557




Joe Lister
 


69,333


557



 
The HMRC approved options were awarded at an option price of £10.76 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 and Lister 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 accounting return 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)




£10.76
 


85,190




£10.76


557



 
 




d)
 


Aggregated information
 
- Aggregated volume
 
- Price
 
 


 
 
85,747
 
£10.76




e)
 


Date of the transaction
 
 


24 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
 


Grant of LTIP options
 
 




 
c)
 


 
Price(s) and volume(s)


 



Price(s)
 


Volume(s)




£10.76


69,333




£10.76


557








d)
 


Aggregated information
 
- Aggregated volume
 
- Price
 
 


 
 
69,890
 
£10.76
 




e)
 


Date of the transaction
 
 


24 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 



 
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