REG - Empiric Student Prop - Dividend Declaration

Empiric Student PropertyAnnouncement

24/05/2022 10:15

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RNS Number : 6003M  Empiric Student Property PLC  24 May 2022

24 May 2022

Empiric Student Property plc

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

DIVIDEND DECLARATION

Empiric Student Property plc (ticker: ESP), the owner and operator of premium
student accommodation serving key UK universities, is pleased to declare an
interim dividend in respect of the quarter ended 31 March 2022 of 0.625 pence
per ordinary share.

 

This dividend is payable on 24 June 2022 to shareholders on the register at 6
June 2022.  The ex-dividend date will be 1 June 2022. This dividend will be
paid as a Property Income Distribution ("PID") in respect of the Company's
tax-exempt property rental business.

 

The Company continues to target a dividend of at least 2.5 pence per ordinary
share for its financial year 2022 and expects dividends to be fully covered,
paid quarterly and progressive in nature. It plans to increase its dividend
target as occupancy levels normalise ((1)).

 

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 & Sustainability Officer)

 Jefferies International Limited                              020 7029 8000
 Tom Yeadon
 Andrew Morris

 RBC Europe Limited (trading as RBC Capital Markets)          020 7653 4000
 Marcus Jackson

 Elliot Thomas

 Maitland/amo (Communications Adviser)                        07747 113 930 / 020 7379 5151
 James Benjamin                                               empiric-maitland@maitland.co.uk (mailto:empiric-maitland@maitland.co.uk)
 Alistair de Kare-Silver

 

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 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.

 

Note:

(1)   The target dividend is a target only and not a forecast. There can be
no assurance that the target will be met and it should not be taken as an
indication of the Company's expected or actual future results.

 

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