REG - Unite Group PLC - Director/PDMR Shareholding

UniteAnnouncement

24/07/2019 13:30

RNS Number : 6029G
Unite Group PLC
24 July 2019
 


THE UNITE GROUP PLC (the "Company")
 
24 July 2019
 
VESTING AND EXERCISE OF LTIP OPTIONS
 
The Company operates a long term incentive plan 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.   
 
As regards the LTIP options granted in April 2015 to the Executive Directors, two-thirds vested and were exercised in April 2018.  The balance one-third are subject to an additional holding period of one year and the Executive Directors exercised these options on 23 July 2019 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 below numbers of shares become registrable in their names.  
 



Director


Nil cost options


HMRC approved options




Richard Smith
(Chief Executive Officer) 
 


10,780


242




Joe Lister
(Chief Financial Officer)
 


11,955


242



 
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
 
 


Exercise of LTIP options
 
 
 




 
c)
 


 
Price(s) and volume(s)


 



Price(s)
 


Volume(s)




583.5p


242
 




Nil cost


10,780



 
 




d)
 


Aggregated information
 
- Aggregated volume
 
- Price
 
 


 
 
11,022
 
As above




e)
 


Date of the transaction
 
 


23 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
 


Exercise of LTIP options
 




 
c)
 


 
Price(s) and volume(s)


 



Price(s)
 


Volume(s)




583.5p


242
 




Nil cost


11,955








d)
 


Aggregated information
 
- Aggregated volume
 
- Price
 
 


 
 
12,197
 
As above




e)
 


Date of the transaction
 


23 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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