Edition:
United Kingdom

Unite Group PLC (UTG.L)

UTG.L on London Stock Exchange

1,025.00GBp
15 Jul 2019
Change (% chg)

0.00 (+0.00%)
Prev Close
1,025.00
Open
1,030.00
Day's High
1,040.00
Day's Low
1,025.00
Volume
620,867
Avg. Vol
571,965
52-wk High
1,045.00
52-wk Low
793.00

Latest Key Developments (Source: Significant Developments)

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 Buys Liberty Living Group For 1.4 Bln Stg
Wednesday, 3 Jul 2019 

July 3 (Reuters) - Unite Group PLC ::ACQUISITION OF LIBERTY LIVING GROUP PLC.ACQUISITION HAS BEEN PRICED ON A NAV-FOR-NAV BASIS FOR A TOTAL CONSIDERATION OF £1.4 BILLION.UNITE PLANS TO MAINTAIN ITS 85% DIVIDEND PAYOUT RATIO FOR ENLARGED GROUP.ENLARGED GROUP DISPOSAL PLAN OF £150-200 MILLION PER ANNUM OVER NEXT THREE YEARS."CONSERVATIVELY FINANCED" ACQUISITION.LTV FOR ENLARGED GROUP IMMEDIATELY AFTER COMPLETION EXPECTED TO BE ABOUT 40% WITH TARGET OF 35% FOLLOWING PLANNED DISPOSALS.  Full Article

Unite Group raises 250 mln stg from external investors
Monday, 20 May 2019 

May 20 (Reuters) - Unite Group PLC ::SAYS ANNOUNCES UNITE UK STUDENT ACCOMMODATION FUND ('USAF') HAS SUCCESSFULLY RAISED £250 MILLION OF NEW EQUITY FROM EXTERNAL INVESTORS.SAYS PROCEEDS REPRESENT 17% OF USAF'S NAV AS OF MARCH 2019.SAYS UNITE HAS AGREED TO SELL THREE ASSETS TO USAF FOR A TOTAL CONSIDERATION OF £111 MILLION (UNITE SHARE £83 MILLION), REPRESENTING A NET INITIAL YIELD OF 5.5%.  Full Article

Unite Group Raise 250 Mln Stg Equity , To Sell Assets For 111 Mln Stg
Monday, 20 May 2019 

May 20 (Reuters) - Unite Group PLC ::EQUITY RAISE AND ACQUISITION.UNITE UK STUDENT ACCOMMODATION FUND £250M EQUITY RAISE AND £111M ACQUISITION.AGREED TO SELL THREE ASSETS TO USAF FOR A TOTAL CONSIDERATION OF £111 MILLION.  Full Article

Unite Group Reports FY Profit Before Tax Of £245.8M
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Unite Group PLC ::UNITE GROUP PLC - FY PROFIT BEFORE TAX £245.8M VERSUS £229.4M.UNITE GROUP PLC - FY DIVIDEND PER SHARE 29.0P VERSUS 22.7P.UNITE GROUP PLC - FY LIKE-FOR-LIKE RENTAL GROWTH* 3.2% VERSUS 3.4%.UNITE - RESERVATIONS FOR 2019/20 ACADEMIC YEAR IN LINE WITH RECORD LEVELS FOR THIS TIME OF YEAR, SUPPORTING LFL RENTAL GROWTH GUIDANCE OF 3.0-3.5%.UNITE GROUP PLC - EXPECT TO MAINTAIN OUR RUN RATE OF 1,500-2,500 NEW BEDS OVER COMING FEW YEARS.  Full Article

Unite Group FY EBIT Margin Expected To Be Around 70 Pct
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Unite Group PLC ::UNITE GROUP PLC - 98% LET ACROSS OUR PORTFOLIO FOR 2018/19 ACADEMIC YEAR, FULL YEAR RENTAL GROWTH IN LINE WITH OUR 3.0-3.5% TARGET.UNITE GROUP PLC - ON TRACK TO DELIVER FULL YEAR EFFICIENCY TARGETS OF 75% NOI MARGIN AND 25-30BPS OVERHEAD EFFICIENCY.UNITE GROUP PLC - FULL YEAR EBIT MARGIN EXPECTED TO BE AROUND 70% (2017: 68%) AND NEW TARGET ESTABLISHED AT 74% BY 2021.  Full Article

Unite Group Prices 275 Mln Stg Senior Unsecured Bond
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Unite Group PLC ::PRICING OF DEBUT, STERLING-DENOMINATED SENIOR UNSECURED BOND OF £275 MILLION AND FOR A TERM OF 10 YEARS.BOND WILL BEAR INTEREST AT A RATE OF 3.5 PER CENT PER ANNUM..FOLLOWING ISSUANCE OF BOND, CO'S WEIGHTED AVERAGE DEBT MATURITY WILL INCREASE FROM 4.6 YEARS TO 5.8 YEARS.  Full Article

Unite Students To Sell 14 Properties for 180.5 Mln Stg
Monday, 10 Sep 2018 

Sept 10 (Reuters) - Unite Students::UNCONDITIONAL EXCHANGE OF CONTRACTS FOR DISPOSAL OF 14 PROPERTIES, COMPRISING 3,436 BEDS FOR £180.5 MILLION.14 PROPERTIES ARE BEING SOLD TO SINGAPORE PRESS HOLDINGS AND COMPLETION IS DUE LATER IN SEPTEMBER.  Full Article

Unite Group Posts HY Pretax Profit of 142.5 Mln Pounds
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Unite Group PLC ::HY PROFIT BEFORE TAX £142.5 MILLION VERSUS £83.9M MILLION.HY EPRA NAV PER SHARE 761 PENCE.ON TRACK TO DELIVER EXPECTED EARNINGS AND DIVIDEND GROWTH FOR FULL YEAR.  Full Article

Unite Group Says Richard Simpson Steps Down To Take Up CEO Position At Watkin Jones
Friday, 18 May 2018 

May 18 (Reuters) - Unite Group PLC ::RICHARD SIMPSON WILL BE STEPPING DOWN FROM HIS ROLE WITH IMMEDIATE EFFECT.RICHARD HAS DECIDED TO TAKE UP ROLE AS CEO OF WATKIN JONES PLC..  Full Article

Deals of the day-Mergers and acquisitions

July 3 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday: