Last checked at 11 Apr 2018 14:52
THE UNITE GROUP PLC (the "Company")
11 April 2018
VESTING AND EXERCISE OF LTIP OPTIONS
The Company operates a long term incentive plan (approved by shareholders in May 2016) which comprises a Performance Share Plan and an HMRC Approved Employee Share Option Scheme (the "LTIP"). The Executive Directors, along with other senior management, participate in the LTIP. Two-thirds of the LTIP options granted on 2 April 2015 vested on 2 April 2018 (the balance one-third are subject to an additional holding period of one year and will vest on 2 April 2019). In addition, the remaining one-third of the LTIP options granted on 10 April 2014 vested on 10 April 2018.
Following such vesting, the Executive Directors named below have exercised their options on 10 April 2018 such that (after deducting for income tax and national insurance contributions in the case of options granted under the Performance Share Plan and selling sufficient shares to fund the exercise price for the options granted under the HMRC Approved Employee Share Option Scheme), the following numbers of shares become registrable in the name of these Executive Directors:
Director | Nil cost options | HMRC approved options |
Richard Smith (Chief Executive Officer)
| 36,441
| 670
|
Joe Lister (Chief Financial Officer)
| 40,413 | 670
|
Richard Simpson (Group Property Director)
| 36,441
| 670
|
The notification below 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
| Vesting of LTIP options
| ||||||||
c)
|
Price(s) and volume(s) |
| ||||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
37,111
As above | ||||||||
e)
| Date of the transaction
| 10 April 2018
| ||||||||
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
| Vesting of LTIP options
| ||||||||
c)
|
Price(s) and volume(s) |
| ||||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
41,083
As above | ||||||||
e)
| Date of the transaction
| 10 April 2018 | ||||||||
f)
| Place of the transaction
| London Stock Exchange | ||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||
a)
| Name
| Richard Simpson
| ||||||||
2
| Reason for the notification
| |||||||||
a)
| Position/status
| Group Property Director | ||||||||
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
| Vesting of LTIP options
| ||||||||
c)
|
Price(s) and volume(s) |
| ||||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
37,111
As above | ||||||||
e)
| Date of the transaction
| 10 April 2018
| ||||||||
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