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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-16.00 | -1.64% | 962.50 | 962.00 | 963.00 | 983.50 | 962.50 | 980.50 | 235,260 | 15:55:43 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 276.1M | 102.5M | 0.2546 | 37.94 | 3.89B |
TIDMUTG
RNS Number : 6170K
Unite Group PLC
11 April 2018
THE UNITE GROUP PLC (the "Company")
11 April 2018
VESTING AND EXERCISE OF LTIP OPTIONS
The Company operates a long term incentive plan (approved by shareholders in May 2016) 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. Two-thirds of the LTIP options granted on 2 April 2015 vested on 2 April 2018 (the balance one-third are subject to an additional holding period of one year and will vest on 2 April 2019). In addition, the remaining one-third of the LTIP options granted on 10 April 2014 vested on 10 April 2018.
Following such vesting, the Executive Directors named below have exercised their options on 10 April 2018 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 following numbers of shares become registrable in the name of these Executive Directors:
Director Nil cost HMRC approved options options ------------------- --------- ---------------------- Richard Smith (Chief Executive Officer) 36,441 670 ------------------- --------- ---------------------- Joe Lister (Chief Financial Officer) 40,413 670 ------------------- --------- ---------------------- Richard Simpson (Group Property Director) 36,441 670 ------------------- --------- ----------------------
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 Initial notification /Amendment ----- ------------------------ ------------------------------ 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 Ordinary shares of 25p each instrument, type of instrument GB0006928617 Identification code ----- ------------------------ ------------------------------ b) Nature of the Vesting of LTIP options transaction ----- ------------------------ ------------------------------ Price(s) Volume(s) c) Price(s) and --------- ---------- volume(s) 428.6p 365 --------- ---------- 583.5p 305 --------- ---------- Nil cost 36,441 --------- ---------- ----- ------------------------ ------------------------------ d) Aggregated information - Aggregated 37,111 volume As above - Price ----- ------------------------ ------------------------------ e) Date of the transaction 10 April 2018 ----- ------------------------ ------------------------------ f) Place of the London Stock Exchange transaction ----- ------------------------ ------------------------------ 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 Initial notification /Amendment ----- ------------------------ ------------------------------ 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 Ordinary shares of 25p each instrument, type of instrument GB0006928617 Identification code ----- ------------------------ ------------------------------ b) Nature of the Vesting of LTIP options transaction ----- ------------------------ ------------------------------ Price(s) Volume(s) c) Price(s) and --------- ---------- volume(s) 428.6p 365 --------- ---------- 583.5p 305 --------- ---------- Nil cost 40,413 --------- ---------- ----- ------------------------ ------------------------------ d) Aggregated information - Aggregated 41,083 volume As above - Price ----- ------------------------ ------------------------------ e) Date of the transaction 10 April 2018 ----- ------------------------ ------------------------------ f) Place of the London Stock Exchange transaction ----- ------------------------ ------------------------------ 1 Details of the person discharging managerial responsibilities / person closely associated ----- -------------------------------------------------------- a) Name Richard Simpson ----- ------------------------ ------------------------------ 2 Reason for the notification ----- -------------------------------------------------------- a) Position/status Group Property Director ----- ------------------------ ------------------------------ b) Initial notification Initial notification /Amendment ----- ------------------------ ------------------------------ 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 Ordinary shares of 25p each instrument, type of instrument GB0006928617 Identification code ----- ------------------------ ------------------------------ b) Nature of the Vesting of LTIP options transaction ----- ------------------------ ------------------------------ Price(s) Volume(s) c) Price(s) and --------- ---------- volume(s) 428.6p 365 --------- ---------- 583.5p 305 --------- ---------- Nil cost 36,441 --------- ---------- ----- ------------------------ ------------------------------ d) Aggregated information - Aggregated 37,111 volume As above - Price ----- ------------------------ ------------------------------
e) Date of the transaction 10 April 2018 ----- ------------------------ ------------------------------ f) Place of the London Stock Exchange transaction ----- ------------------------ ------------------------------
For further information, please contact:
Unite Students Christopher Szpojnarowicz, Company Secretary Tel: +44 117 302 7120
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHUAVORWAASAAR
(END) Dow Jones Newswires
April 11, 2018 09:52 ET (13:52 GMT)
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