Source - RNS
RNS Number : 6170K
Unite Group PLC
11 April 2018
 

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)

 

Price(s)

 

Volume(s)

428.6p

365

 

583.5p

305

 

Nil cost

36,441

 

 

 

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)

 

Price(s)

 

Volume(s)

428.6p

365

 

583.5p

305

 

Nil cost

40,413

 

 

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)

 

Price(s)

 

Volume(s)

428.6p

365

 

583.5p

305

 

Nil cost

36,441

 

 

 

 

 

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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