REG - Empiric Student Prop - Director/PDMR Shareholding

Empiric Student PropertyAnnouncement

14/11/2024 09:00

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RNS Number : 1366M  Empiric Student Property PLC  14 November 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 the Chief Executive Officer, Duncan Garrood, has acquired 25,316 Ordinary
shares in the Company through the exercise of options in the Empiric Student
Property plc 2021 SAYE Option Plan (the "Acquisition").

 

Following the Acquisition, Mr Garrood's shareholding comprises 150,438
Ordinary shares in the Company, representing 0.023% of the Issued Share
Capital of the Company.

 

The Notification of Dealing Form provided in accordance with the requirements
of the Market Abuse Regulation in relation to the Acquisition is set out
below.

 

 

 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)
                                                                                     71.1p             25,316

 d)   Aggregated information

      - Aggregated volume                                          25,316

      - Price                                                      £17,999.68

 e)   Date of the transaction                                      14 November 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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