REG - Unite Group PLC - Scrip Reference Share Price & Enhanced Scrip

UniteAnnouncement

25/04/2024 17:15

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RNS Number : 1044M  Unite Group PLC (The)  25 April 2024

THE UNITE GROUP PLC (the "Company")

 

25 April 2024

 

SCRIP REFERENCE SHARE PRICE AND ENHANCED SCRIP DIVIDEND - 2023 FINAL DIVIDEND

 

On 27 February 2024 the Company announced its 31 December 2023 year end
results and that it would be paying a 2023 final dividend of 23.6 pence, fully
paid as a Property Income Distribution (PID). The Company also announced, if
approved by shareholders at the Company's 2024 AGM to be held on 16 May 2024,
it would offer shareholders an enhanced scrip dividend alternative to this
2023 final dividend, enhanced by up to 5% as determined by the Board provided
the effective issue price of the scrip divided shares is not less than 920p
(the Company's NTA as at 31 December 2023).

The Scrip Reference Share Price is 924.8p. This is calculated by taking the
average of the closing middle market quotation for shares in the Company,
derived from the London Stock Exchange Daily Official List, for the five
consecutive dealing days from 18 April 2024 to 24 April 2024 (inclusive).

The Board has determined to enhance the 2023 final dividend by c.0.5%, leading
to an Enhanced Scrip Dividend of c.23.7p.  This enhancement means an
effective discounted scrip reference share price of 920p.

The deadline for application for the Scrip Scheme in respect of this dividend
is 5 pm (London time) on 3 May 2024.  More details of the proposed enhanced
scrip dividend alternative is included in the Notice of Annual General Meeting
2024 issued to shareholders on 26 March 2024 and available at:
www.unitegroup.com/investors/agm-2024
(http://www.unitegroup.com/investors/agm-2024)

-ENDS-

 

 For further information, please contact:

 Unite Students

 Christopher Szpojnarowicz, Company Secretary

 Joe Lister / Mike Burt / Saxon
 Ridley

                                                                                      Tel: +44 117 302 7120

                                                                                      Tel: +44 117 302 7005

 

About Unite Students

Unite Students is the UK's largest owner, manager and developer of
purpose-built student accommodation (PBSA) serving the country's world-leading
higher education sector. We provide homes to 70,000 students across 157
properties in 23 leading university towns and cities. We currently partner
with over 60 universities across the UK.

 

Our people are driven by a common purpose: to provide a 'Home for Success' for
the students who live with us. Unite Students' accommodation is safe and
secure, high quality, and affordable. Students live predominantly in en-suite
study bedrooms with rents covering all bills, insurance, 24-hour security and
high-speed Wi-Fi. We also achieved a five-star British Safety Council rating
in our last audit.

 

We are committed to raising standards in the student accommodation sector for
our customers, investors and employees. This is why our Sustainability
Strategy, launched in 2021, includes a commitment to become net zero carbon
across our operations and developments by 2030.

Founded in 1991 in Bristol, the Unite Group is an award-winning Real Estate
Investment Trust (REIT), listed on the London Stock Exchange. For more
information, visit Unite Group's corporate website www.unitegroup.com
(http://www.unitegroup.com/)  or the Unite Students'
site www.unitestudents.com (https://www.unitestudents.com/)

 

 

 

 

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