REG - Unite Group PLC - Director/PDMR Shareholding
RNS Number : 7851GUnite Group PLC25 July 2019THE 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
END
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