REG - Unite Group PLC - Launch of £100 million share buyback programme

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RNS Number : 2468O  Unite Group PLC (The)  09 January 2026

PRESS RELEASE

9 January 2026

THE UNITE GROUP PLC

('Unite Students', 'Unite', the 'Group', or the 'Company')

LAUNCH OF £100 MILLION SHARE BUYBACK PROGRAMME

 

Unite confirms that, as announced in today's Trading Update and Q4 Fund
Valuations, the Board has approved the return of up to £100 million of
surplus capital to shareholders through a share buyback programme of the
Company's ordinary shares of 25 pence each (the 'Buyback Programme').

 

The Buyback Programme reflects confidence in Unite's long-term prospects and
high-quality balance sheet. This initial tranche will be funded through
surplus capital from deferred development activity. Further capital allocation
will be kept under review as we progress with our target disposal programme of
£300-400m p.a..

 

The Company has entered into non-discretionary arrangements with Deutsche
Bank AG, London branch ('Deutsche Bank') and J.P. Morgan Securities plc ('JP
Morgan') to conduct the Buyback Programme on its behalf. Deutsche Bank will
conduct the first half of the Buyback Programme and JP Morgan will conduct the
latter half. Under the arrangements, Deutsche Bank and JP Morgan will act as
riskless principals and make trading decisions independently from the Company
in accordance with certain pre-set parameters.

 

The purpose of the Buyback Programme is to reduce the Company's issued share
capital. As such, all ordinary shares repurchased by the Company under the
Buyback Programme will be cancelled. The Company has agreed that the Buyback
Programme will commence today, 9 January 2026, and will run until the earlier
of its completion or 30 June 2026.

 

Share purchases under the Buyback Programme will take place in open market
transactions and may be made from time to time depending on market conditions,
share price and trading volumes. The Buyback Programme will be effected under
the authority granted by shareholders at the Company's 2025 Annual General
Meeting held on 15 May 2025 and, accordingly, the maximum number of shares
that may be repurchased under the Buyback Programme is 48,879,255 ordinary
shares.

 

The Buyback Programme will be conducted in accordance with the UK Market Abuse
Regulation and the UK Listing Rules. The Company will make announcements and
publish on its website details of any share repurchases under the Buyback
Programme.

 

For further information, please contact:

 

Unite

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

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