REG - Unite Group PLC - Results of Enhanced Scrip Dividend Election

UniteAnnouncement

16/05/2024 16:00

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RNS Number : 7872O  Unite Group PLC (The)  16 May 2024

THE UNITE GROUP PLC (the "Company")

 

16 May 2024

 

RESULTS OF ENHANCED SCRIP DIVIDEND ELECTION - 2023 FINAL DIVIDEND

Enhanced Scrip Dividend elections were received in respect of 111,793,630
shares representing a take up of approximately 25.65% of the Company's share
capital. This will result in the issue of 2,737,854 new ordinary shares
(approximately 0.63% of the current issued share capital). These shares will
be issued based on a c.0.5% enhancement to the 2023 final dividend and at an
effective discounted scrip reference share price of 920p as announced on 25
April 2024.  These shares will rank pari passu in all respects with the
Company's existing issued ordinary shares.

Applications will be made to the UK Financial Conduct Authority for these
shares to be admitted to the Premium Segment of the Official List and to the
London Stock Exchange for these shares to be admitted to trading on the Main
Market for listed securities. It is expected that admission will occur on 24
May 2024.

Following the issue of these shares, the total number of shares in issue and
voting rights in the Company will be 438,615,826 with effect from 24 May 2024.
This may be used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the UK Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.

Share certificates will be posted to certificated shareholders who elected for
scrip dividend shares and shareholders holding shares in CREST, who elected
for scrip dividend shares, will have their CREST accounts credited directly on
24 May 2024.

 

Details of the scrip scheme can be found on the Company's website at

https://www.unitegroup.com/investors/dividends
(https://www.unitegroup.com/investors/dividends) .

 

-ENDS-

 

For further information, please contact:

 

 

Unite Students

Christopher Szpojnarowicz, Company Secretary
                      Tel: +44 117 302 7120

 

 

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