February 21, 2018 / 7:09 AM / in 4 months

BRIEF-Unite Group in placing to raise 170 mln stg

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​ Source text for Eikon: Further company coverage: (Reporting By UK Bureau)

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