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UTG Unite Group Plc

978.00
13.00 (1.35%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Unite Group Plc LSE:UTG London Ordinary Share GB0006928617 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  13.00 1.35% 978.00 979.00 979.50 983.00 963.00 983.00 904,507 16:35:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 276.1M 119.4M 0.2966 33.02 3.94B

Unite Group PLC Appointment of Non-Executive Director (4173R)

21/09/2017 11:00am

UK Regulatory


Unite (LSE:UTG)
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RNS Number : 4173R

Unite Group PLC

21 September 2017

 
 Press Release 
  21 September 2017 
 

THE UNITE GROUP PLC

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

UNITE APPOINTS ROSS PATERSON AS NON-EXECUTIVE DIRECTOR

The Unite Group plc, the UK's largest provider of student accommodation, announces that Ross Paterson will join its Board as a Non-Executive Director, with effect from today.

Ross Paterson is a member of the Board of Stagecoach Group plc with responsibility for finance, technology and compliance. He has extensive experience of managing finance in complex operational environments. Ross is currently Finance Director and has also previously held the role of Company Secretary.

In addition, he is a non-executive director and Audit Committee Chair of Virgin Rail Group Holdings Limited, and a member of the Business Policy Committee of the Institute of Chartered Accountants of Scotland.

Phil White, Chair of Unite, commented:

"Ross brings a wealth of experience to Unite's Board gained from his many years managing finance in a complex operational business like our own. He also brings valued insight into innovation through digital as we continue to enhance our service offer for students via technology. We look forward to welcoming him."

Ross Paterson added:

"Unite Group has a strong track record in a fast-growing industry. I am excited to be joining the Board of Unite as it looks to build further on its success to date."

Other than Ross Paterson's position as the Finance Director in Stagecoach Group plc, no further information needs to be disclosed under the Financial Conduct Authority's Listing Rule 9.6.13R.

ENDS

For further information, please contact:

Joe Lister, Chief Financial Officer

Tel: +44 117 302 7005

Candice Macdonald, Head of Corporate Communications

Tel: +44 7525 592521

Notes to Editors:

About Unite Students

Unite Students is the UK's largest and most established manager and developer of purpose-built student accommodation. It provides a home for around 50,000 students, in more than 140 properties, across 24 leading university cities in England and Scotland. Unite works in partnership with more than 60 Higher Education institutions and also lets rooms directly to students.

Unite's purpose is to provide a home to its culturally diverse customers, offering them a strong foundation for academic and personal success. The accommodation is high quality, safe and close to university campuses, transport links and local amenities. Students live in ensuite study bedrooms with rents covering all bills, insurance, 24-hour security, fortnightly cleaning of communal kitchens and bathrooms and high-speed Wi-Fi.

Founded in 1991 in Bristol, the Unite Group plc is a FTSE250 company, listed on the London Stock Exchange, employing more than 1,400 people. It pursues a sustainable growth strategy, designed to make the most of the resilient nature of the student accommodation sector. Unite is focused on maintaining its position as the leading provider of student accommodation in the UK, by having the best brand, operating the highest quality portfolio and maintaining the strongest capital structure in the sector. This is achieved with consistent investment in, and improvement to, the operating platform; highly selective development activity and asset management initiatives.

Unite is invested in and operates two specialist funds and joint ventures with institutional investment partners, the GBP2 billion Unite UK Student Accommodation Fund (USAF) and the GBP1 billion London Student Accommodation Vehicle (LSAV).

Unite is the founder and major donor of the Unite Foundation. Since 2012, this has provided free student accommodation and financial support to 160 young people in the UK who lack family support.

For more information, you can visit Unite's corporate website www.unite-group.co.uk, the student site www.unite-students.com or the Unite Foundation www.unitefoundation.co.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOAOKDDQFBKKOCB

(END) Dow Jones Newswires

September 21, 2017 06:00 ET (10:00 GMT)

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