1st Jun 2006 14:55
Unite Group PLC01 June 2006 THE UNITE GROUP PLC 1 JUNE 2006 The UNITE Group plc (the "Company") DEALINGS BY DIRECTOR Nicholas Porter, Chief Executive Officer of The UNITE Group plc, has todayinformed the Company of the sale by him today of 3.4 million ordinary shares of25p each in the capital of the Company (representing 2.77% of its issued sharecapital), at a price of 375p per share. Of such shares sold by Mr Porter, 2million have been placed with family interests. Mr Porter has today also informed the Company of the sale today of a further100,000 shares (representing 0.08% of the Company's issued share capital), bythe trustees of The Porter Family Discretionary Trust, the beneficiaries ofwhich are Mr Porter's children. Such shares were again sold at a price of 375pper share. Following the transactions referred to above, Mr Porter is interested in8,545,485 shares in the Company, representing 6.97% of its current issued sharecapital. Included in those interests are (a) 866,000 shares held by the trusteesof The Porter Family Discretionary Trust (the beneficiaries of which are MrPorter's children); (b) 181,140 shares held by the trustees of the Jane LouiseDiscretionary Settlement Trust (the beneficiaries of which include Mr Porter'schildren); and (c) 151,882 shares held by the trustees of The Red ShoesCharitable Trust (one of whom is Heather Porter, Mr Porter's wife). Mr Porter has confirmed that he has no present intention to make furtherdisposals and intends to hold a significant interest in the Company goingforward. END. Andrew Reid Company Secretary The UNITE Group plc Tel 0117 302 7000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Unite