Empiric Student Prop - Director/PDMR Shareholding
18/10/2024 14:37
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RNS Number : 8228I Empiric Student Property PLC 18 October 2024
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries, the "Group")
Transactions by Persons Discharging Managerial Responsibility ("PDMR") and
persons closely associated with them
Empiric Student Property plc (ticker: ESP), the owner and operator of premium,
studio-led student accommodation aligned to top-tier universities, announces
that certain Directors have acquired shares in the Company.
Shareholding before Transaction % of ISC Shares Acquired Shareholding following Transaction % of ISC *
Mark Pain 100,000 0.0166 20,000 120,000 0.0181
Duncan Garrood 93,122 0.0154 32,000 125,122 0.0188
Donald Grant 33,177 0.0055 20,876 54,053 0.0081
Alice Avis 53,600 0.0089 6,000 59,600 0.0090
Total 279,899 0.0464 78,876 358,775 0.054
* Based on enlarged ISC following Equity Fundraising traded on 17 October 2025
and settling 21 October 2024
The Notification of Dealing Forms provided in accordance with the requirements
of the Market Abuse Regulation in relation to the transaction set out above
for each PDMR is set out below.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mark Pain
2 Reason for the notification
a) Position/status Chairman
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Empiric Student Property plc
b) LEI 213800FPF38IBPRFPU87
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 1p each
Identification code GB00BLWDVR75
b) Nature of the transaction Acquisition
c) Price(s) and volume(s)
Price(s) Volume(s)
93.00 p 20,000
d) Aggregated information
- Aggregated volume 20,000
- Price £18,600
e) Date of the transaction 17 October 2024
f) Place of the transaction London Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Duncan Garrood
2 Reason for the notification
a) Position/status Director/Chief Executive Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Empiric Student Property plc
b) LEI 213800FPF38IBPRFPU87
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 1p each
Identification code GB00BLWDVR75
b) Nature of the transaction Acquisition
c) Price(s) and volume(s)
Price(s) Volume(s)
93.00p 32,000
d) Aggregated information
- Aggregated volume 32,000
- Price £29,760
e) Date of the transaction 17 October 2024
f) Place of the transaction London Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Donald Grant
2 Reason for the notification
a) Position/status Director/Chief Financial & Sustainability Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Empiric Student Property plc
b) LEI 213800FPF38IBPRFPU87
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 1p each
Identification code GB00BLWDVR75
b) Nature of the transaction Acquisition
c) Price(s) and volume(s)
Price(s) Volume(s)
95.3196p 20,876
d) Aggregated information
- Aggregated volume 20,876
- Price £19,898.92
e) Date of the transaction 17 October 2024
f) Place of the transaction London Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Alice Avis
2 Reason for the notification
a) Position/status Non-executive Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Empiric Student Property plc
b) LEI 213800FPF38IBPRFPU87
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 1p each
Identification code GB00BLWDVR75
b) Nature of the transaction Acquisition
c) Price(s) and volume(s)
Price(s) Volume(s)
94.965p 6,000
d) Aggregated information
- Aggregated volume 6,000
- Price £5,697.90
e) Date of the transaction 17 October 2024
f) Place of the transaction London Stock Exchange
FOR FURTHER INFORMATION, PLEASE CONTACT:
Empiric Student Property plc (via FTI Consulting below)
Duncan Garrood (Chief Executive Officer)
Donald Grant (Chief Financial & Sustainability Officer)
FTI Consulting 020 3727 1000
Dido Laurimore empiric@fticonsulting.com (mailto:empiric@fticonsulting.com)
Eve Kirmatzis
The Company's LEI is 213800FPF38IBPRFPU87.
Further information on Empiric can be found on the Company's website at
www.empiric.co.uk (http://www.empiric.co.uk/) .
Notes:
Empiric Student Property plc is a leading provider and operator of modern,
predominantly direct-let, premium student accommodation serving key UK
universities. Investing in both operating and development assets, Empiric is a
fully integrated operational student property business focused on premium
studio-led accommodation managed through its Hello Student operating platform,
that is attractive to affluent growing student segments.
The Company, an internally managed real estate investment trust ("REIT")
incorporated in England and Wales, listed under the Equity Shares 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. The Company is classified as a commercial company listed under
the UK Listing Rules and as such is not an alternative investment fund ("AIF")
for the purposes of the Alternative Investment Fund Managers Directive
("AIFMD") and is not required to provide investors with a Key information
Document ("KID") in accordance with the Packaged Retail and Insurance-based
Investment Products ("PRIIPs") regulations.
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