REG - Empiric Student Prop - Exercise of LTIP Options and issue of equity

Empiric Student PropertyAnnouncement

03/08/2023 14:00

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RNS Number : 2269I  Empiric Student Property PLC  03 August 2023

 

 

Empiric Student Property plc

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

 

Exercise of LTIP Options and issue of equity

 

 

The Board of Empiric Student Property plc (ticker: ESP), the owner and
operator of premium student accommodation serving key UK universities,
announces that applications have been made for 85,803 new ordinary shares
of 1 pence each in the Company ("Shares") to be admitted to the premium
listing segment of the Official List of the FCA and to trading on the Main
Market of the London Stock Exchange ("Admission").

 

It is expected that Admission will become effective and dealings in the new
Shares will commence at 8.00 a.m. on 4 August 2023. Following Admission, the
number of ordinary shares the Company has in issue will be 603,437,683 and the
total number of voting rights in the Company will be 603,437,683. There are no
shares held in Treasury. The figure of 603,437,683 may be used by shareholders
as the denominator for the calculation by which they may determine if they are
required to notify their interest in, or change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

 

The applications have been made to meet obligations arising from a deferred
share award granted on 8 April 2020 to Timothy Attlee, the Company's former
Chief Executive Officer, pursuant to the deferred shares element of his annual
bonus award for the 12-month financial period ended 31 December 2019 in line
with the Company's 2014 Long Term Incentive Plan (the "LTIP Award").

 

When issued, these Shares will rank pari passu with the Company's existing
ordinary shares.

 

ENDS

 

 

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 Empiric Student Property plc                                 (via FTI Consulting below)
 Duncan Garrood (Chief Executive Officer)
 Donald Grant (Chief Financial & Sustainability Officer)

 Jefferies International Limited                              020 7029 8000
 Tom Yeadon
 Andrew Morris

 Peel Hunt LLP                                                020 7418 8900
 Capel Irwin

 Carl Gough

 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 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 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.

 

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