Unite Group PLC SCRIP REFERENCE SHARE PRICE- 2018 FINAL DIVIDEND (6288W)
April 18 2019 - 4:52AM
UK Regulatory
TIDMUTG
RNS Number : 6288W
Unite Group PLC
18 April 2019
THE UNITE GROUP PLC (the "Company")
18 April 2019
SCRIP REFERENCE SHARE PRICE - 2018 FINAL DIVIDEND
On 27 February 2019 the Company announced its 31 December 2018
year end results and that it would be paying a 2018 final dividend
of 19.5 pence, 16.0 pence of which is a Property Income
Distribution (PID).
The Unite Scrip Dividend Scheme is being offered to shareholders
in respect of this PID, with a Scrip Reference Share Price of
928.30 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 11 April
2019 to 17 April 2019 (inclusive).
The deadline for application for the Scrip Scheme in respect of
this dividend is 5 pm (London time) on 25 April 2019. The Scrip
Circular and terms and conditions are available on the Company's
website at http://www.unite-group.co.uk/investors.
-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 circa 130 properties across 22
leading university towns and cities in England and Scotland. Unite
also has a strong development pipeline, which will deliver more
than 6,000 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 quality service,
quality people and quality 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 quality 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 209 young people working in close
collaboration with 27 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.unitestudents.com or
the Unite Foundation www.unitefoundation.co.uk.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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