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Unite Group PLC (UTG.L)

UTG.L on London Stock Exchange

1,274.00GBp
20 Jan 2020
Change (% chg)

-3.00 (-0.23%)
Prev Close
1,277.00
Open
1,255.00
Day's High
1,280.00
Day's Low
1,255.00
Volume
505,649
Avg. Vol
648,445
52-wk High
1,335.00
52-wk Low
870.21

Latest Key Developments (Source: Significant Developments)

CPPIB European Student Discloses 19.97% Stake In Unite Group
Tuesday, 3 Dec 2019 

Dec 3 (Reuters) - Unite Group PLC ::CPPIB EUROPEAN STUDENT RE HOLDINGS DISCLOSES 19.97% STAKE IN THE UNITE GROUP AS OF NOV 28 - FILING.  Full Article

Unite Group PLC Announces Publication Of A Prospectus
Friday, 22 Nov 2019 

Nov 22 (Reuters) - Unite Group PLC ::UNITE GROUP PLC - PUBLICATION OF A PROSPECTUS.UNITE GROUP PLC - PROSPECTUS DATED 22 NOVEMBER 2019 HAS TODAY BEEN APPROVED BY FINANCIAL CONDUCT AUTHORITY.UNITE GROUP PLC - EXPECTED THAT COMPLETION OF LIBERTY LIVING ACQUISITION WILL OCCUR ON 28 NOVEMBER.  Full Article

Unite Group Announces Early Redemption Of £90 Mln 6.125 Per Cent Bonds Due 2020
Friday, 15 Nov 2019 

Nov 15 (Reuters) - Unite Group PLC ::UNITE GROUP PLC - EARLY REDEMPTION OF BONDS.UNITE GROUP PLC - DECIDED TO EXERCISE ITS OPTION TO REDEEM ALL OF OUTSTANDING BONDS.UNITE GROUP PLC - NOTICE OF EARLY REDEMPTION OF £90 MILLION 6.125 PER CENT. BONDS DUE 2020.UNITE GROUP PLC - OUTSTANDING BONDS WILL BE FUNDED FROM EXISTING UNDRAWN BANK FACILITIES.  Full Article

Unite Group Announces CMA Approval For Liberty Living Acquisition
Wednesday, 6 Nov 2019 

Nov 6 (Reuters) - Unite Group PLC ::UNITE GROUP PLC - CMA APPROVAL FOR LIBERTY LIVING ACQUISITION.UNITE GROUP -REMAINS CONFIDENT OF DELIVERING PREVIOUSLY OUTLINED COST SYNERGIES OF £4 MILLION IN 2020 & £15 MILLION P.A. FROM 2021 FROM LIBERTY LIVING DEAL.UNITE GROUP PLC - COMPLETION OF LIBERTY LIVING ACQUISITION EXPECTED TO OCCUR AT END OF NOVEMBER 2019.  Full Article

Unite Group Disposes Two Assets For 100 Mln Stg To USAF
Wednesday, 25 Sep 2019 

Sept 25 (Reuters) - Unite Group PLC ::DISPOSAL OF TWO ASSETS FOR £100 MILLION TO USAF.USAF ANNOUNCES LAUNCH AND PRICING OF £85 MILLION OF BONDS ISSUED UNDER EXISTING DEBT FUNDING PLATFORM.USAF ANNOUNCES LAUNCH AND PRICING OF £85 MILLION OF BONDS ISSUED UNDER EXISTING DEBT FUNDING PLATFORM, 3.921% BOND DUE JUNE 2025.3.921% BOND IS DUE JUNE 2025.PLANNED DISPOSALS WILL FUND DEVELOPMENT ACTIVITY AND SUPPORT TARGET TO REDUCE LTV TO 35% BY 2021.  Full Article

Unite Group Sees 3%-3.5% Rental Growth In 2019-20, 2020-21
Wednesday, 11 Sep 2019 

Sept 11 (Reuters) - Unite Group PLC ::TRADING UPDATE AND CMA UPDATE.STUDENT INTAKE IN 2019/20 IS EXPECTED TO BE IN LINE WITH LEVELS SEEN OVER PAST FEW YEARS.REMAIN CONFIDENT IN DELIVERING RENTAL GROWTH OF 3.0-3.5% FOR 2019/20 AND 2020/21, INCLUDING IMPROVED UTILISATION.CMA HAS TODAY CONFIRMED START OF ITS PHASE 1 MERGER INQUIRY IN RELATION TO UNITE'S PROPOSED £1.4 BILLION ACQUISITION OF LIBERTY LIVING.CONFIDENT OF DELIVERING PREVIOUSLY OUTLINED COST SYNERGIES OF £4 MILLION IN 2020 AND £15 MILLION P.A. FROM 2021 FROM LIBERTY LIVING DEAL.CONTINUED TO SEE STRONGEST GROWTH IN ACCEPTANCES AT HIGHER TARIFF UNIVERSITIES, WHICH HAVE RISEN BY 1.8% VERSUS LAST YEAR.  Full Article

Competition watchdog to assess Unite Group takeover of Liberty Living Group
Wednesday, 11 Sep 2019 

Sept 11 (Reuters) - :ANTICIPATED ACQUISITION BY UNITE GROUP PLC OF LIBERTY LIVING GROUP.COMPETITION AND MARKETS AUTHORITY (CMA) IS CONSIDERING WHETHER IT IS OR MAY BE CASE THAT THIS TRANSACTION IF CARRIED INTO EFFECT, WILL RESULT IN CREATION OF A RELEVANT MERGER SITUATION UNDER MERGER PROVISIONS OF ENTERPRISE ACT 2002.CMA to evaluate whether the creation of that situation may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services..To assist it with this assessment, the CMA invites comments on the transaction from any interested party..  Full Article

CPPIB Says To Hold 1 Seat On Board Of Unite Students Post Liberty Living Deal
Wednesday, 3 Jul 2019 

July 3 (Reuters) - Canada Pension Plan Investment Board : :CANADA PENSION PLAN INVESTMENT BOARD ANNOUNCES THE ACQUISITION OF LIBERTY LIVING BY UNITE STUDENTS TO FORM A LEADING STUDENT ACCOMMODATION OPERATOR IN THE UK.CANADA PENSION PLAN INVESTMENT BOARD-NET PROCEEDS TO CPPIB FROM SALE ABOUT C$1.3BLN BEFORE CLOSING ADJUSTMENTS,RETAIN 20% SHAREHOLDING IN COMBINED GROUP.CANADA PENSION PLAN INVESTMENT BOARD- ON DEAL COMPLETION, CPPIB WILL HOLD ONE SEAT ON BOARD OF UNITE STUDENTS.  Full Article

Unite Group Raises About 170 Mln Stg Via Placing​
Wednesday, 21 Feb 2018 

Feb 21 (Reuters) - UNITE GROUP PLC ::‍TOTAL 22,206,872 NEW SHARES PLACED AT A PRICE OF 765 PENCE PER PLACING SHARE, RAISING GROSS PROCEEDS OF ABOUT £170 MILLION​.‍PLACING SHARES REPRESENT APPROXIMATELY 9.2 PERCENT OF ISSUED ORDINARY SHARE CAPITAL OF COMPANY PRIOR TO PLACING​.  Full Article

Unite Group in placing to raise 170 mln stg
Wednesday, 21 Feb 2018 

Feb 21 (Reuters) - Unite Group Plc ::‍PROPOSED PLACING OF NEW ORDINARY SHARES​.‍INTENTION TO RAISE GROSS PROCEEDS OF APPROXIMATELY £170 MILLION​.‍PROCEEDS WILL BE USED TO FUND TWO UNIVERSITY PARTNERSHIP TRANSACTIONS SUPPORTED BY LEADING UNIVERSITIES:​.‍BOARD ALSO INTENDS TO INCREASE GROUP'S DIVIDEND PAYOUT FROM 75% TO 85% OF EPRA EARNINGS IN FY 2018​.  Full Article

Nissan to end night shifts at plant in England: union

LONDON, Oct 9 Japanese carmaker Nissan has ended night shifts at its plant in Sunderland, northern England, the Unite union said on Wednesday.