REG - Unite Group PLC - Director/PDMR Shareholding

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RNS Number : 8765Z  Unite Group PLC (The)  09 April 2026

 9 April 2026

 

 THE UNITE GROUP PLC

 GRANT OF LTIP AWARDS AND DIRECTOR/PDMR NOTIFICATION

 

THE UNITE GROUP PLC

 

GRANT OF LTIP AWARDS AND DIRECTOR/PDMR NOTIFICATION

 

 

Pursuant to the long term incentive plan of the Company, conditional awards
over ordinary shares of 25p each ("Shares") have been granted to the Company's
Executive Directors, namely Mr Joe Lister (Chief Executive Officer) and Mr
Michael Burt (Chief Financial Officer) on 8 April 2026 as follows:

 Director      Number of Shares subject to award granted
 Joe Lister    244,488
 Michael Burt  167,034

 
The Remuneration Committee has determined to grant an award to Mr Joe Lister
and Mr Michael Burt of 175% salary respectively, compared to the normal and
maximum grant level of 200% salary. This reduced grant level acknowledges the
recent share price decline of the Group and is intended to mitigate against
windfall gains.

The number of ordinary shares over which the awards were granted was
calculated based on a price of 456.4p per share, being the closing mid-market
price on the day prior to the date of grant.

The number of awards vesting will be determined by reference to performance
conditions comprising: EPRA adjusted earnings per share ('EPS'), relative
total accounting return ('TAR'), relative total shareholder return ('TSR') and
reduction in operational energy intensity ('OEI') over the three-year
measurement period ending 31 December 2028.

A two-year holding period applies and so the awards will vest on 8 April 2031,
the fifth anniversary of the date of grant.

Performance targets for TAR and TSR were disclosed prospectively in the 2025
Directors' Remuneration Report.

The Committee has now agreed the performance targets for the EPS and OEI
elements as follows:

·    EPS: A threshold vesting target of 43.3p and a maximum vesting target
of 48.3p.

·    OEI: A threshold vesting target of 3% reduction and a maximum vesting
target of 9% reduction. This will be measured from a 2025 combined Group
baseline across our residential buildings of 110.3 kWh/m2.

The Remuneration Committee considers that these targets are appropriate and
stretching, taking into account the Company's strategic priorities and the
broader commercial 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 Awards

Price(s)  Volume(s)
 c)   Price(s) and volume(s)                                       Nil       244,488

 d)   Aggregated information

      - Aggregated volume                                          As above

      - Price                                                      Nil

 e)   Date of the transaction                                      8 April 2026

 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 Awards

Price(s)  Volume(s)
 c)   Price(s) and volume(s)                                       Nil       167,034

 d)   Aggregated information

      - Aggregated volume                                          As above

      - Price                                                      Nil

 e)   Date of the transaction                                      8 April 2026

 f)   Place of the transaction                                     London Stock Exchange

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

As above

 

Nil

 

e)

 

Date of the transaction

 

8 April 2026

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 Awards

 

c)

 

 

Price(s) and volume(s)

 

 Price(s)  Volume(s)
 Nil       167,034

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

As above

 

Nil

e)

 

Date of the transaction

 

8 April 2026

f)

 

Place of the transaction

 

London Stock Exchange

 

-    ENDS -

 

 

About Unite Group plc

Unite Group plc is the UK's largest owner, manager and developer of
purpose-built student accommodation (PBSA) serving the country's world-leading
higher education sector. Its property portfolio includes the Unite Students
and Hello Student brands. Together, the Group provides homes for 72,000
students across 208 properties in 29 leading university towns and cities
across the UK.

Our people are driven by a shared purpose: to provide a 'Home for Success' for
the students who live with us. Our accommodation is safe, secure, high quality
and affordable, with students living predominantly in en‑suite study
bedrooms. Rents are all‑inclusive, covering bills, insurance, 24‑hour
security and high‑speed Wi‑Fi.

We are committed to raising standards across the student accommodation sector
for our customers, investors and employees. Our Sustainability Strategy
includes a commitment to become net zero carbon across our operations and
developments by 2030.

Founded in 1991 in Bristol, Unite Group plc is an award‑winning Real Estate
Investment Trust (REIT) listed on the London Stock Exchange. For more
information, visit www.unitegroup.com (http://www.unitegroup.com) ,
www.unitestudents.com (http://www.unitestudents.com) or
 www.hellostudent.co.uk (http://www.hellostudent.co.uk/) .

For further information, please contact:

Unite Students

Joe Lister / Mike Burt / Saxon Ridley Tel: +44 117 302 7005

Press office Tel: +44 117 450 6300

Sodali & Co

Ben Foster / Sam Austrums / Louisa Henry Tel: +44 20 7250 1446

 

 

 

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