Unite Group PLC SCRIP REFERENCE SHARE PRICE - 2017 FINAL DIVIDEND (4414L)
19 April 2018 - 5:37PM
UK Regulatory
TIDMUTG
RNS Number : 4414L
Unite Group PLC
19 April 2018
THE UNITE GROUP PLC (the "Company")
19 April 2018
SCRIP REFERENCE SHARE PRICE - 2017 FINAL DIVIDEND
In the 31 December 2017 year end results, the Company announced
it would be offering shareholders the opportunity to participate in
the Unite Scrip Dividend Scheme (the "Scrip Scheme"), subject to
approval at the Company's 2018 Annual General Meeting. The Scrip
Circular and terms and conditions were posted to shareholders on 19
March 2018 and are also available on the Company's website at
http://www.unite-group.co.uk/investors.
In respect of the 2017 final dividend of 15.4p (being paid as a
Property Income Distribution on 18 May 2018 to shareholders on the
Company's register at the close of business on 13 April 2018), the
Company announces the Scrip Reference Share Price is 805.60
pence.
This Scrip Reference Share Price 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 12 April 2018 to
18 April 2018 (inclusive).
The deadline for application under the Scrip Scheme in respect
of the 2017 final dividend is 4:30pm (London time) on 26 April
2018.
-ENDS-
For further information, please contact:
Unite Students
Candice Macdonald, Head of Communications Tel: +44 7525 592 521
Powerscourt (PR adviser to Unite)
Justin Griffiths or Mazar Masud Tel: +44 207 250 1446
Notes to editors:
About Unite Students
Unite Students is the UK's largest manager and developer of
purpose-built student accommodation serving the country's
world-leading higher education sector. We currently provide homes
for almost 50,000 students in more than 140 properties across 24
leading university towns and cities in England and Scotland. Unite
also has a strong development pipeline, which will deliver a
further 8,000 beds in the next three years.
Our 1,400 people are driven by a common purpose: to provide the
students who live with us a 'Home for Success' and to be the most
trusted brand in the sector. We do this through great service,
great people and great properties, all designed on the basis of an
unrivalled insight into students' needs and preferences.
Unite's accommodation is high quality, safe and secure, and
located close to university campuses, transport links and local
amenities. Students live predominantly in en-suite study bedrooms
with rents covering all bills, insurance, 24-hour security,
fortnightly cleaning services and high-speed Wi-Fi. MyUnite, our
mobile app, provides practical support such as instant messaging
and maintenance requests.
Our commitment to customer service is powered by an innovative,
in-house operating platform. It provides a wide range of benefits
to our students, such as an optimised online booking process, as
well as providing us with a unique ability to drive value from our
portfolio through scale efficiencies and revenue management.
Alongside delivering great service, our other strategic priority
is delivering growing and sustainable earnings, underpinned by a
strong capital structure. A key part of this strategy is growing
the number of beds let though partnerships with mid and high tariff
universities which are experiencing record levels of student
demand. We currently partner with 60 higher education institutions,
guaranteeing that approximately 60% of our rooms are let under
multi-year, 'nomination agreements' providing high visibility of
forward occupancy and rental growth.
Unite is invested in and operates two specialist funds and joint
ventures with institutional investment partners: the GBP2 billion
Unite UK Student Accommodation Fund (USAF), and the GBP1 billion
London Student Accommodation Vehicle (LSAV).
Unite is the founder of and major donor to the Unite Foundation,
a charitable trust established to support talented students facing
challenging financial circumstances through the provision of free
accommodation annual scholarships. The Foundation has so far
provided scholarships for 250 young people working in close
collaboration with 28 universities.
Founded in 1991 in Bristol, Unite Group is an award-winning Real
Estate Investment Trust (REIT), listed on the London Stock Exchange
and a member of the FTSE 250 Index.
For more information, please visit Unite's corporate website
www.unite-group.co.uk, the student site www.unite-students.com or
the Unite Foundation www.unitefoundation.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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