UTG Unite Group Plc

TIDMUTG

RNS Number : 9971C

Unite Group PLC (The)

14 October 2022

THE UNITE GROUP PLC (the "Company")

14 October 2022

RESULTS OF SCRIP DIVIDEND ELECTION - 2022 INTERIM DIVIDEND

Scrip Scheme elections were received in respect of 11,064,400 shares representing a take up of approximately 2.77% of the Company's share capital. This will result in the issue of 100,447 new ordinary shares (approximately 0.03% of the current issued share capital). These shares will be issued at a price of 970.50 pence each (this being the Scrip Reference Share Price announced on 23 September 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 28 October 2022.

Following the issue of these shares, the total number of shares in issue and voting rights in the Company will be 400,233,995 with effect from 28 October 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 28 October 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

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October 14, 2022 11:18 ET (15:18 GMT)

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