25th Jul 2019 17:58
THE UNITE GROUP PLC (THE "COMPANY")
25 July 2019
GRANT OF OPTIONS AND DIRECTORS' INTERESTS
Pursuant to the long term incentive plan of the Company, awards have been granted to the Company's Executive Directors, namely Mr Richard Smith (Chief Executive Officer) and Mr Joe Lister (Chief Financial Officer) on 24 July 2019 as follows:
Director | Nil cost options | HMRC approved options |
Richard Smith
| 85,190 | 557 |
Joe Lister
| 69,333 | 557 |
The HMRC approved options were awarded at an option price of £10.76 per share, being the closing middle market price of the shares on the day prior to the date on which the options were granted.
The number of shares in respect of which Messrs Smith and Lister may exercise the above referred to options will be determined following the three year measurement period attaching to those awards, by reference to the EPRA adjusted earnings per share, total accounting return and total shareholder return performance of the Company over that period. A two year holding period applies to these options, such that those options vesting may only be exercised from the fifth anniversary of the date of grant.
This notification 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 /Amendment
| Initial notification | ||||||
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 instrument, type of instrument
Identification code
|
Ordinary shares of 25p each
GB0006928617
| ||||||
b)
| Nature of the transaction
| Grant of LTIP options
| ||||||
c)
|
Price(s) and volume(s) |
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
85,747
£10.76 | ||||||
e)
| Date of the transaction
| 24 July 2019
| ||||||
f)
| Place of the transaction
| London Stock Exchange | ||||||
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 /Amendment
| Initial notification | ||||||
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 instrument, type of instrument
Identification code
|
Ordinary shares of 25p each
GB0006928617
| ||||||
b)
| Nature of the transaction
| Grant of LTIP options
| ||||||
c)
|
Price(s) and volume(s) |
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
69,890
£10.76
| ||||||
e)
| Date of the transaction
| 24 July 2019
| ||||||
f)
| Place of the transaction
| London Stock Exchange | ||||||
For further information, please contact:
Unite Students Christopher Szpojnarowicz, Company Secretary
|
Tel: +44 117 302 7120 |
END
Related Shares:
Unite