Unite Group PLC Conversion of 2.50% guaranteed convertible bonds (8773I)
June 22 2017 - 6:00AM
UK Regulatory
TIDMUTG
RNS Number : 8773I
Unite Group PLC
22 June 2017
22 June 2017
THE UNITE GROUP PLC
("Unite Students", "Unite", the "Group", or the "Company")
CONVERSION OF 2.50% GUARANTEED CONVERTIBLE BONDS DUE 2018
Further to the announcement on 16 May 2017 in relation to the
early redemption of the 2.50% guaranteed convertible bonds due 2018
(the "Bonds"), Unite has now received notices from 100% of the
Bondholders confirming they will be taking up their conversion
rights in full.
This conversion results in the issue of 18,593,589 ordinary
shares in The Unite Group plc, all of which have now been issued.
Following the allotment of the above shares, the issued share
capital now stands at 240,734,897ordinary shares.
-ENDS-
For further information, please contact:
Unite Students
Joe Lister, Chief Financial Officer Tel: +44 117
Paul Richmond, Corporate Affairs 302 7005
Director
Bell Pottinger
Victoria Geoghegan Tel: +44 203
Nick Lambert 772 2562
Elizabeth Snow
Notes to editors:
Unite Students is the UK's largest and most established manager
and developer of purpose-built student accommodation. It provides a
home for around 50,000 students, in more than 140 properties,
across 28 leading university cities in England and Scotland. Unite
works in partnership with more than 60 Higher Education
institutions and also lets rooms directly to students.
Unite's purpose is to provide a home to its culturally-diverse
customers, offering them a strong foundation for academic and
personal success. The accommodation is high quality, safe and close
to university campuses, transport links and local amenities.
Students live in ensuite study bedrooms with rents covering all
bills, insurance, 24-hour security, fortnightly cleaning of
communal kitchens and bathrooms and high-speed Wi-Fi.
Founded in 1991 in Bristol, The Unite Group plc is an FTSE250
company, listed on the London Stock Exchange, employing more than
1,250 people. It pursues a sustainable growth strategy, designed to
make the most of the resilient nature of the student accommodation
sector. Unite is focused on maintaining its position as the leading
provider of student accommodation in the UK, by having the best
brand, operating the highest quality portfolio and maintaining the
strongest capital structure in the sector. This is achieved with
consistent investment in, and improvement to, the operating
platform; highly selective development activity and asset
management initiatives.
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 and major donor of the Unite Foundation.
Since 2012 this has provided free student accommodation and
financial support to 160 young people in the UK who lack family
support.
For more information, you can 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.
LEI: 213800BBUUWVDH9YI827
This information is provided by RNS
The company news service from the London Stock Exchange
END
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