Unite Group PLC Annual Financial Report (1752I)
March 19 2018 - 10:36AM
UK Regulatory
TIDMUTG
RNS Number : 1752I
Unite Group PLC
19 March 2018
THE UNITE GROUP PLC (the "Company")
19 March 2018
Annual Report, Notice of 2018 AGM and Scrip Dividend Scheme
Circular
Annual Report and Notice of AGM
The Unite Group plc announces that a copy of our 2017 Annual
Report, which also contains the Notice of 2018 Annual General
Meeting, is available on the Company's website:
http://www.unite-group.co.uk/investors. Printed copies have been
posted to those shareholders who have requested it.
Unite Scrip Dividend Scheme
In the Company's 31 December 2017 year end results, Unite
declared a final dividend of 15.4p per share, payable on 18 May
2018 to shareholders on the Company's register at the close of
business on 13 April 2018. The Company also 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. Further details of the
Scrip Scheme, the terms and conditions and the process for election
to the Scrip Scheme are in a Scrip Scheme Circular being posted to
shareholders today, together with the Annual Report and Notice of
Annual General Meeting. The Scrip Scheme Circular and related
documentation is available on the Company's website:
http://www.unite-group.co.uk/investors.
Copies of all these documents have been submitted to the
National Storage Mechanism and will shortly be available for
inspection at: http://www.morningstar.co.uk/uk/NSM.
-ENDS-
For further information, please contact:
Unite Students
Candice Macdonald, Head of Tel: +44 7525 592 521
Communications
Powerscourt (PR adviser to Tel: +44 207 250 1446
Unite)
Justin Griffiths or Mazar
Masud
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.
LEI: 213800BBUUWVDH9YI827
This information is provided by RNS
The company news service from the London Stock Exchange
END
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