21st Apr 2005 11:29
Unite Group PLC21 April 2005 THE UNITE GROUP PLC 21 APRIL 2005 The UNITE Group plc ("UNITE" or the "Company") DEALINGS BY DIRECTORS Nicholas Porter, Chief Executive of The UNITE Group plc, yesterday informed theCompany of the sale by him on 20 April 2005 of 1 million ordinary shares of 25peach in the capital of the Company (representing 0.9% of its issued sharecapital) at a price of 290p per share, of which 700,000 have been placed withfamily interests and 100,000 sold to fellow directors, as referred to below. In addition, Mr Porter informed the Company yesterday of the sale on 20 April2005 of 180,000 shares (representing 0.16% of the Company's issued sharecapital) by the trustees of The Porter Family Discretionary Trust, thebeneficiaries of which are Mr Porter's two children. Such shares were again soldat a price of 290p per share. Following the transactions referred to above, Mr Porter is interested in12,194,367 shares in the Company, representing 10.94% of its issued sharecapital. Included in those interests are (a) the 966,000 shares which continueto be held by the trustees of The Porter Family Discretionary Trust (thebeneficiaries of which are Mr Porter's two children); (b) 253,140 shares held bythe trustees of the Jane Louise Discretionary Settlement Trust (thebeneficiaries of which are, again, Mr Porter's two children); (c) 125,000 sharesheld by the trustees of The Red Shoes Charitable Trust (one of whom is MrPorter); and (d) 50,000 shares held by Uniaid Foundation (of which Mr Porter isalso a trustee). Mr Porter has stated that he has no intention of selling anyfurther shares during this financial year. The Company was also informed yesterday that, on 20 April 2005, each of MarkAllan (Group Finance Director of UNITE) and Andrew Lee (HR Director of UNITE),acquired 50,000 shares in the capital of the Company (representing 0.044% of itsissued share capital) at a price of 290p per share. Mark Allan and Andrew Leeare now respectively interested in 85,844 shares (representing 0.077% of theCompany's issued share capital) and 81,219 shares (representing 0.072% of theCompany's issued share capital). END Andrew ReidCompany SecretaryThe UNITE Group plc Tel 0117 907 8138 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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