REG - Empiric Student Prop - Exercise of LTIP Options - Issue of equity

Empiric Student PropertyAnnouncement

11/08/2022 18:00

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RNS Number : 7781V  Empiric Student Property PLC  11 August 2022

11 August 2022

Empiric Student Property plc

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

EXERCISE OF LTIP OPTIONS - 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 an application has been made for 92,018 new ordinary shares of
1 pence each ("Shares") to be admitted to be admitted to the premium listing
segment of the Official List of the FCA and to trading on 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 17 August 2022. Following Admission, the
number of ordinary shares the Company has in issue will be 603,351,880 and the
total number of voting rights in the Company will be 603,351,880. There are no
shares held in treasury. The figure 603,351,880 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 application has been made to meet obligations arising from deferred share
awards granted by the Company on 1 May 2018 and 24 April 2019 to Lynne Fennah,
the current Chief Financial and Sustainability Officer of the Company. The
awards were made pursuant to the deferred shares element of the Company's
annual bonus awards for the 12-month financial periods to 31 December 2017 and
31 December 2018, respectively. When issued, these Shares will rank pari passu
with the Company's existing ordinary shares.

 

Following Admission, Lynne Fennah will have beneficial interest in 147,418 of
the Company's ordinary shares, representing approximately 0.02 per cent. of
the total voting rights of the Company.

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Lynne Fennah

 2    Reason for the notification

 a)   Position/status                                              Director

 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                                          ISIN: GB00BLWDVR75

 b)   Nature of the transaction                                    Acquisition

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     0.0p              92,018

 d)   Aggregated information

      - Aggregated volume                                          92,018

      - Price                                                      0.0p

 e)   Date of the transaction                                      11 August 2022

 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 & Sustainability Officer)

 Jefferies International Limited                              020 7029 8000
 Tom Yeadon
 Andrew Morris

 Peel Hunt LLP                                                020 7418 8900

 Capel Irwin

 Carl Gough

 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.

 

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