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
-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 or
the Unite Students' site www.unitestudents.com