7th Jan 2008 15:43
Unite Group PLC07 January 2008 THE UNITE GROUP PLC 7 JANUARY 2008 The UNITE Group plc (the "Company" or "UNITE") DEALINGS BY DIRECTOR Mr Mark Allan, Chief Executive of The UNITE Group plc, has, following theexercise on 7 January 2008 of options over 16,388 ordinary shares of 25p each inthe Company, subsequently sold all of the shares acquired by him as a result ofthe exercise of such options. Mr Allan acquired 16,388 shares on 7 January 2008 following the exercise by himof 10,388 of the options granted to him on 11 October 2002 and 6,000 of theoptions granted to him on 4 May 2004, all under The UNITE Group plc UnapprovedShare Option Scheme. The exercise price relating to the options granted on 11October 2002 was 129p per share, whilst the exercise price of the optionsgranted on 4 May 2004 was 191p per share. The shares acquired by Mr Allan as aresult of the exercise of those options were sold by him on 7 January 2008 at aprice of 340p per share. Following the above referred to exercise of options and sale of shares, Mr Allanremains interested in 239,312 ordinary shares of 25p each in the Company,representing 0.193% of its issued share capital. Included in those interests are135,290 shares the subject of awards made to Mr Allan pursuant to the terms ofthe Company's Long Term Incentive Plan ("LTIP"). The proportion of those 135,290LTIP shares that will unconditionally vest in Mr Allan will be determinedfollowing the end of the relevant three measurement periods attaching to thoseawards by reference to the net asset value and the total shareholder returnperformance of the Company over those periods. END. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Unite