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Director/PDMR Shareholding

26th Sep 2006 10:21

Unite Group PLC26 September 2006 THE UNITE GROUP PLC 26 SEPTEMBER 2006 The UNITE Group plc (the "Company" or "UNITE") DEALING BY DIRECTOR Dr Andrew Lee, HR Director of The UNITE Group plc , has, following the exerciseby him on 25 September 2006 of options over 50,000 ordinary shares of 25p eachin the Company, subsequently sold all of the shares acquired by him as a resultof the exercise of such options. Dr Lee acquired 50,000 shares on 25 September 2006 following the exercise ofoptions granted to him on 21 March 2001 at an exercise price of 300p per share.Options to acquire 10,000 of those shares were granted to Dr Lee under the termsof The UNITE Group plc Approved Share Option Scheme, whilst the options toacquire the balance of 40,000 shares were granted to him under the terms of TheUNITE Group plc Unapproved Share Option Scheme. The shares acquired by Dr Lee as a result of the exercise of those options weresold by him on 25 September 2006 at a price of 440p per share. Following the above referred to exercise of options and sale of shares, Dr Leeremains interested in 145,735 ordinary shares of 25p each in the capital of theCompany, representing 0.118% of its issued share capital. Included in thoseinterests are 59,600 shares conditionally awarded to Dr Lee under the terms ofthe Company's Long Term Incentive Plan. The number of such shares that willunconditionally vest in Dr Lee pursuant to that award will be determinedfollowing the end of the relevant three year measurement period. END This information is provided by RNS The company news service from the London Stock Exchange

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Unite
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