REG - Unite Group PLC - Director/PDMR Shareholding

UniteAnnouncement

08/04/2025 14:00

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RNS Number : 1539E  Unite Group PLC (The)  08 April 2025

THE UNITE GROUP PLC (THE "COMPANY")

08 April 2025

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 Joe Lister (Chief
Executive Officer) and Mr Michael Burt (Chief Financial Officer) on 7 April
2025 as follows:

 Director      Nil cost options
 Joe Lister    150,806
 Michael Burt  103,030

 

The number of Nil Cost options granted was based on a price of 825.0p per
share, being the closing mid-market price on the day prior to the date of
grant. The number of shares in respect of which Messrs Lister and Burt may
exercise these options will be determined following the three-year measurement
period ending 31 December 2027.

The number of awards vesting will be determined by reference to performance
conditions comprising: EPRA adjusted earnings per share ('EPS'), relative
total accounting return, relative total shareholder return and operational
energy intensity.  The only change relative to the 2024 LTIP grant is the
removal of EPC ratings, with the weighting evenly reassigned across the other
four measures. This change reflects the Group's strong performance in
achieving A-C EPC ratings across its portfolio and the 100% stretch target for
the 2024 LTIP award. A two-year holding period applies to these options, such
that options vesting may only be exercised from 7 April 2030, the fifth
anniversary of the date of grant.

Performance targets for each element have been disclosed prospectively in the
2024 Directors' Remuneration Report ('DRR').  The Remuneration Committee
considers that these targets are appropriate and stretching, taking into
account the Company's strategic priorities and the broader macroeconomic
environment, and having reviewed a range of relevant internal and external
reference points.

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                                                         Joe Lister

 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

                                                                   Ordinary shares of 25p each

      Identification code

                                                                   GB0006928617
 b)   Nature of the transaction                                    Grant of LTIP options

Price(s)  Volume(s)
 c)   Price(s) and volume(s)                                       Nil       150,806

 d)   Aggregated information

      - Aggregated volume                                          As above

      - Price                                                      Nil

 e)   Date of the transaction                                      7 April 2025

 f)   Place of the transaction                                     London Stock Exchange

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Michael Burt

 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

                                                                   Ordinary shares of 25p each

      Identification code

                                                                   GB0006928617

 b)   Nature of the transaction                                    Grant of LTIP options

Price(s)  Volume(s)
 c)   Price(s) and volume(s)                                       Nil       103,030

 d)   Aggregated information

      - Aggregated volume                                          As above

      - Price                                                      Nil

 e)   Date of the transaction                                      7 April 2025

 f)   Place of the transaction                                     London Stock Exchange

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

As above

 

Nil

 

e)

 

Date of the transaction

 

7 April 2025

f)

 

Place of the transaction

 

London Stock Exchange

 

1

 

 

Details of the person discharging managerial responsibilities / person closely
associated

a)

 

Name

 

Michael Burt

 

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)
 Nil       103,030

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

As above

 

Nil

e)

 

Date of the transaction

 

7 April 2025

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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