TIDMUTG

RNS Number : 9195C

Unite Group PLC

21 April 2017

 
 
   Press release 
 
   21 April 2017

THE UNITE GROUP PLC

('Unite Students', 'Unite', the 'Group', or the 'Company')

DIVIDEND DECLARATION

The Board of The Unite Group plc has declared a dividend of 12 pence per Ordinary Share in respect of the year ended 31 December 2016, payable on 19 May 2017 to Ordinary Shareholders on the register on 21 April 2017.

Shareholders are now advised that the dividend will be paid as follows:

-- 10 pence (83%) will comprise a property income distribution ("PID"). The PID will be subject to a deduction of a 20% UK withholding tax unless exemptions apply

-- 2 pence (17%) will comprise a non-PID. The non-PID will be treated as an ordinary UK company dividend, with no withholding tax deducted

The key dates in relation to the payment of the dividend, as announced on 22 February 2017, remain unchanged.

ENDS

For further information, please contact:

 
 Unite Students 
  Joe Lister, Chief Financial Officer      Tel: +44 117 
  Caroline Hall, PA to Chief Financial     302 7005 
  Officer 
 Bell Pottinger 
  Victoria Geoghegan                       Tel: +44 20 
  Nick Lambert                             3772 2562 
  Elizabeth Snow

Notes to editors:

About Unite Students

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, 24hour security, fortnightly cleaning of communal kitchens and bathrooms and high speed WiFi.

Founded in 1991 in Bristol, The Unite Group plc is a 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 a 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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