Clarification of Company announcement 1 December

RNS Number : 2212Y
Empiric Student Property PLC
04 December 2017
 

 

4 December 2017

 

Empiric Student Property plc

("Empiric" or the "Company" or, together with its subsidiaries, the "Group")

 

Clarification of Company announcement on 1 December: Notification of Transaction of a Director

 

Further to the Company announcement on 1 December 2017, Notification of Transaction of a Director, the Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, confirms that Paul Hadaway, Chief Executive of the Company, has reorganised his personal shareholding by transferring 388,750 ordinary shares in the Company ("Ordinary Shares") from his personal account into his pension fund.

 

Mr Hadaway sold 388,750 ordinary shares in the Company ("Ordinary Shares") at a price of 87.75 pence per Ordinary Share and Mr Hadaway's pension fund then subsequently purchased 388,750 Ordinary Shares at price of 87.7575 pence per share.

 

Following the transaction, there were no net changes to Mr Hadaway's shareholding in the Company and he continues to hold 1,532,775 Ordinary Shares (equivalent to 0.25 per cent. of the Company's issued ordinary share capital).

 

This notification is made in accordance with Article 19 of the Market Abuse Regulations and further details required under Article 19(6) are set out in the Appendix below.

 

For further information on the Company, please contact:

 

Empiric Student Property plc

(via Newgate below)

Paul Hadaway (Chief Executive)

 

Lynne Fennah (Chief Financial Officer)

 

Tim Attlee (Chief Investment Officer)

 

 

 

Akur Limited (Joint Financial Adviser)

Tel: 020 7493 3631

Tom Frost

 

Anthony Richardson

 

Siobhan Sergeant

 

 

 

Jefferies International Limited (Joint Financial Adviser and Broker)

Tel: 020 7029 8000

Gary Gould

 

Stuart Klein

 

 

 

Newgate (PR Adviser)

Tel: 020 7680 6550

James Benjamin

Em: empiric@newgatecomms.com

Anna Geffert

 

Lydia Thompson

 

 

Further information on Empiric can be found on the Company's website at www.empiric.co.uk.

 

Notes:

 

Empiric Student Property plc is a leading provider and operator of modern, direct-let, nominated or leased student accommodation across the UK. Investing in both operating and development assets, Empiric is a multi-niche student property company focused on, (i) providing good quality first year accommodation managed through its Hello Student® operating platform in partnership with universities, (ii) offering a variety of second and third year purpose built accommodation options for individual students and those wanting a group living environment, and (iii) continuing to expand the Group's existing premium, studio-led accommodation portfolio which is attractive to international and postgraduate students.

 

The Company, an internally managed real estate investment trust ("REIT") incorporated in England and Wales, listed on the premium listing segment of the Official List of the Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in June 2014.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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