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RNS Number : 9222C Empiric Student Property PLC 24 June 2021
24 June 2021
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries, the "Group")
Grant of options under new SAYE Plan
The Board of Empiric Student Property plc (ticker: ESP), the owner and
operator of premium student accommodation across the UK, announces that on 23
June 2021 it granted options ("Options") to employees under the Company's
newly established SAYE Option Plan (the "SAYE Plan").
All individuals (including Executive Directors) who were employed by the Group
as at 26 May 2021 (the "Eligible Employees") were invited to apply for the
grant of Options over Empiric's ordinary shares of 1p each ("Shares") with an
exercise price of £0.711 per Share, which represents a 15% discount to the
closing middle market price of £0.836 per Share on 25 May 2021 (being the
trading day before the invitation for Eligible Employees to participate was
issued).
The above Options have a contract start date of 1 August 2021 and will
generally be exercisable between 1 August 2024 and 1 February 2025.
A total of 49 Eligible Employees elected to participate in the SAYE Plan and,
pursuant to these elections, Options over a total of 324,784 Shares have been
granted representing approximately 0.054% of the Company's current issued
share capital. Included within this total are Options granted to the
following Executive Directors of the Company:
Name Role No. of Shares over which Options granted on 23 June 2021
Duncan Garrood Chief Executive Officer 25,316
Lynne Fennah Chief Financial & Operating Officer 25,316
The following notifications are intended to satisfy the Company's obligations
under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse
Regulation).
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name 1. Duncan Garrood
2. Lynne Fennah
2 Reason for the notification
a) Position/status 1. Chief Executive Officer
2. Chief Financial & Operating 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 ("Shares")
Identification code GB00BLWDVR75
b) Nature of the transaction Grant of options over Shares pursuant to the Empiric Student Property plc SAYE
Option Plan
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.711 (exercise price) 25,316
2. £0.711 (exercise price) 25,316
d) Aggregated information
- Aggregated volume 1. N/A single transaction
- Price 2. N/A single transaction
e) Date of the transaction 23 June 2021
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
1. N/A single transaction
2. N/A single transaction
e)
Date of the transaction
23 June 2021
f)
Place of the transaction
London Stock Exchange
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Empiric Student Property plc (via Maitland/AMO below)
Duncan Garrood (Chief Executive Officer)
Lynne Fennah (Chief Financial & Operating Officer)
Jefferies International Limited 020 7029 8000
Stuart Klein
Tom Yeadon
RBC Europe Limited (trading as RBC Capital Markets) 020 7653 4000
Charlie Foster
Marcus Jackson
Maitland/AMO (Communications Adviser) 07747 113 930
James Benjamin empiric-maitland@maitland.co.uk (mailto:empiric-maitland@maitland.co.uk)
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 located in high-demand
university towns and cities across the UK. 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 attracts affluent growing student segments.
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.
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