REG - Empiric Student Prop - Dividend Declaration

Empiric Student PropertyAnnouncement

02/11/2023 07:15

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RNS Number : 1034S  Empiric Student Property PLC  02 November 2023

 
 
 

 

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 30 September 2023 of 0.9375
pence per ordinary share.

 

This dividend is payable on 01 December 2023 to shareholders on the register
at 17 November 2023.  The ex-dividend date will be 16 November 2023. This
dividend will be paid as a Property Income Distribution ("PID") in respect of
the Company's tax-exempt property rental business.

 

The Company has a progressive dividend policy with dividends paid quarterly.
The Company is targeting a minimum dividend of 3.5 pence per ordinary share
for the 2023 financial year ((1)).

 

ENDS

 

 

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  (Communications Adviser)                     020 3727 1000
 Dido Laurimore                                               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 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. The Company is classified as a commercial company listed under
chapter 6 of 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.

 

 

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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