TIDMUTG

RNS Number : 4664L

Unite Group PLC (The)

13 May 2022

THE UNITE GROUP PLC (the "Company")

13 May 2022

RESULTS OF SCRIP DIVIDEND ELECTION - 2021 FINAL DIVIDEND

Scrip Scheme elections were received in respect of 61,476,109 shares representing a take up of approximately 15.40% of the Company's share capital. This will result in the issue of 764,622 new ordinary shares (approximately 0.19% of the current issued share capital). These shares will be issued at a price of 1142.60 pence each (this being the Scrip Reference Share Price announced on 25 April 2022). These shares will rank pari passu in all respects with the Company's existing issued ordinary shares.

Applications will be made to the UK Financial Conduct Authority for these shares to be admitted to the Premium Segment of the Official List and to the London Stock Exchange for these shares to be admitted to trading on the Main Market for listed securities. It is expected that admission will occur on 20 May 2022.

Following the issue of these shares, the total number of shares in issue and voting rights in the Company will be 400,076,561 with effect from 20 May 2022. This may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Share certificates will be posted to certificated shareholders who elected for scrip dividend shares and shareholders holding shares in CREST, who elected for scrip dividend shares, will have their CREST accounts credited directly on 20 May 2022.

Details of the scrip scheme can be found on the Company's website at

https://www.unitegroup.com/investors/dividends .

-ENDS-

For further information, please contact:

Unite Students

Christopher Szpojnarowicz, Company Secretary Tel: +44 117 302 7120

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END

MSCUOURRUWUVAAR

(END) Dow Jones Newswires

May 13, 2022 06:30 ET (10:30 GMT)

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