4th Oct 2006 15:24
Unite Group PLC04 October 2006 THE UNITE GROUP PLC 4 OCTOBER 2006 The UNITE Group plc (the "Company") DEALING BY DIRECTOR In accordance with a plan, as previously announced, to reduce his shareholdingin an orderly manner, Nicholas Porter, Non-Executive Deputy Chairman of TheUNITE Group plc, has today informed the Company of the sale by him today (4October 2006), of 4,500,000 ordinary shares of 25p each in the capital of theCompany (representing 3.66% of its current issued share capital), at a price of466.5p per share. Mr Porter is now interested in 3,045,485 shares in the Company, representing2.48%% of its current issued share capital. Included in those interests are (a)866,000 shares held by the trustees of The Porter Family Discretionary Trust(the beneficiaries of which are Mr Porter's children); (b) 181,140 shares heldby the trustees of the Jane Louise Discretionary Settlement Trust (thebeneficiaries of which include Mr Porter's children); and (c) 151,882 sharesheld by the trustees of The Red Shoes Charitable Trust (one of whom is HeatherPorter, Mr Porter's wife). Following the transaction referred to above, Mr Porter has confirmed that hisremaining holding is in line with his medium term plan to maintain a significantinterest in the Company and that he has no intention of further reducing hisshareholding within the next 12 months. END Andrew ReidCompany SecretaryThe UNITE Group plc Tel 0117 302 7000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Unite