Appointment of CEO

RNS Number : 8316I

Empiric Student Property PLC

29 November 2018

 

29 November 2018

Empiric Student Property plc

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

APPOINTMENT OF TIM ATTLEE AS CHIEF EXECUTIVE OFFICER

The Board of Empiric Student Property plc (ticker: ESP) (the "Board"), the owner and operator of premium student accommodation across the UK, is pleased to announce the appointment of Tim Attlee as the Company's Chief Executive Officer, effective immediately.

Tim joined the Board at the Company's IPO in June 2014 as co-founder and Chief Investment Officer of the Company. Tim was appointed as Acting Chief Executive Officer in addition to his role as Chief Investment Officer on 12 December 2017.

Mark Pain, Non-Executive Chairman, commented:

"I am delighted that Tim has agreed to lead Empiric as Chief Executive Officer on the next stage of the Group's journey.

His experience and deep knowledge of the Company and our sector has helped us deliver a more effective operating platform and a more robust and profitable business.

Whilst much has been accomplished, there remains more to be done as we continue to transform the business and drive increased long term shareholder value."

No further information is required to be disclosed pursuant to Listing Rule 9.6.13R.

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

Empiric Student Property plc	(via Newgate below)
Tim Attlee (Chief Executive Officer)
Lynne Fennah (Chief Financial & Operating Officer)
Jefferies International Limited	Tel: [phone]
Gary Gould
Stuart Klein
Newgate (PR Adviser)	Tel: [phone]
James Benjamin	Em: [e-mail]
Anna Geffert

The Company's LEI is 213800FPF38IBPRFPU87.

Further information on Empiric can be found on the Company's website at www.empiric.co.uk.

Notes:

Empiric Student Property plc is a leading provider and operator of modern, direct-let, nominated or leased student accommodation across the UK. Investing in both operating and development assets, Empiric is a multi-niche student property company focused on, (i) providing good quality first year accommodation managed through its Hello Student® operating platform in partnership with universities, (ii) offering a variety of second and third year purpose-built accommodation options for individual students and those wanting a group living environment, and (iii) continuing to expand the Group's existing premium, studio-led accommodation portfolio which is attractive to international and postgraduate students.

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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