10 Mar 2009 10:59
THE UNITE GROUP PLC
10 MARCH 2009
THE UNITE GROUP PLC (THE "COMPANY")
DEALINGS BY DIRECTORS
The Company was informed on 9 March 2009 of the purchase by each of Mr Geoffrey Maddrell, Mr Mark Allan and Mr Joe Lister (respectively the Chairman, the Chief Executive Officer and the Chief Financial Officer of the Company), of shares in the Company.
On 9 March 2009, Mr Geoffrey Maddrell purchased 120,000 ordinary shares of 25p each in the Company (representing 0.097% of the total issued share capital of the Company), at an average purchase price of 46.8125p per share. Following the purchase, Mr Maddrell is interested in 382,541 ordinary shares of 25p each in the Company (representing 0.31% of the total issued share capital of the Company). Included in Mr Maddrell's interests are 12,250 ordinary shares held by his wife, Winifred Maddrell, and 170,291 ordinary shares held by the Trustees of the Geoffrey Maddrell Jersey Trust, the beneficiaries of which include himself, his wife and his three children.
On 9 March 2009, Mr Mark Allan purchased 107,361 ordinary shares of 25p each in the Company (representing 0.086% of the total issued share capital of the Company), at a price of 50p per share. Following the purchase, Mr Allan is interested in 470,967 ordinary shares of 25p each in the Company (representing 0.38% of the total issued share capital of the Company). Included in Mr Allan's interests are 259,584 ordinary shares conditionally awarded to him pursuant to the terms of the Company's Long Term Incentive Plan (the "LTIP"). The number of such shares that will unconditionally vest in Mr Allan pursuant to those awards will be determined following the end of the relevant three year measurement periods.
On 9 March 2009, Mr Joe Lister purchased 80,400 ordinary shares of 25p each in the capital of the Company (representing 0.065% of the total issued share Company), at a price 46.5p per share. Following the purchase, Mr Lister is interested in 167,521 ordinary shares of 25p each in the Company (representing 0.13% of the total issued share capital of the Company). Included in Mr Lister's interests are 82,270 ordinary shares of 25p each conditionally awarded to him pursuant to the LTIP. The number of such shares that will unconditionally vest in Mr Lister pursuant to those awards will be determined following the end of the relevant three year measurement periods.
END
ANDREW REID
COMPANY SECRETARY
THE UNITE GROUP PLC
TEL: 0117 302 7000
Unite (UTG)