EBT share transfer and purchase, and voting rights

1 June 2018

U+I Employee Benefit Trust purchase of U+I shares, transfer of U+I shares from treasury to the Employee Benefit Trust, and Total Voting Rights. 

Purchase of Shares by the U+I Employee Benefit Trust

U and I Group PLC (LSE: UAI) ("U+I" or the "Company"), the specialist regeneration developer and investor, was notified on 29 May 2018 that the Company's Employee Benefit Trust ("EBT") had purchased a total of 300,000 ordinary shares in the Company.

The purchase by the EBT, which was funded by a loan from the Company, has reduced the potential requirement for the Company to issue new Ordinary Shares to satisfy shares due to employees under the Company's Long-Term Incentive Plan ("LTIP"). The EBT is a discretionary trust for the benefit of employees of U+I, including the executive directors of the Company. These ordinary shares are to be held in the EBT and are intended to be used to satisfy current and future LTIP awards.

Transfer of shares out of treasury to the Employee Benefit Trust

U+I has on 31 May 2018 transferred out of treasury 118,792 ordinary shares to the Company's EBT for nil consideration which will also be used to satisfy awards made under the Company's LTIP and which will vest in June 2018.

Following the above transactions, a total of 418,792 ordinary shares, representing 0.33 per cent of the Company's total voting rights, are held in the EBT.

Total Voting Rights and Capital as at 31 May 2018

In accordance with its obligations under rule 5.6.1 of the Disclosure and Transparency Rules, U+I confirms that as at 31 May 2018 its issued share capital to which votes apply consists of 125,400,577 ordinary shares of 50 pence each. The total number of voting rights in respect of these ordinary shares is 125,400,577 each ordinary share having one vote.

Following the above transfer U+I no longer holds any shares in treasury. 

The ordinary shares are admitted to trading on the Official List of the United Kingdom Listing Authority. There are currently 125,400,577 ordinary shares. This figure should be used by ordinary shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, U and I Group PLC under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

Chris Barton

Company Secretary

U AND I GROUP PLC

020 7828 4777