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UTG Unite Group Plc

962.50
-16.00 (-1.64%)
Last Updated: 15:55:43
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
  -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

Unite Group PLC Director/PDMR Shareholding (6170K)

11/04/2018 2:52pm

UK Regulatory


Unite (LSE:UTG)
Historical Stock Chart


From May 2019 to May 2024

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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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