Dividend Declaration

RNS Number : 4357O

Empiric Student Property PLC

28 May 2015

 

28 May 2015

Empiric Student Property plc

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

Dividend declaration

The Board of Empiric Student Property plc (ticker: ESP) has declared a third interim dividend of 1.0 pence per Ordinary Share in respect of the period from IPO on 30 June 2014 to 31 March 2015 payable on or around 25 June 2015 to Ordinary Shareholders on the register on 5 June 2015. The ex-dividend date will be 4 June 2015.  As a result, the Company will have paid a total of 3.0 pence per Ordinary Share for the period since IPO.  This dividend will be paid as an ordinary UK dividend ("non-PID").

As set out in the announcement dated 25 February 2015, the Company expects to pay dividends of at least 2 pence per Share for the first six months of 2015 and will target an annual dividend of at least 6 pence per Share for the financial year commencing 1 July 2015. Thereafter, dividends are expected to grow by not less than inflation ⁽¹⁾.

(1) The target dividends stated above are targets only and not profit forecasts. There can be no assurance that these targets will be met and they should not be taken as an indication of the Company's expected or actual future results. Potential investors should not place any reliance on these targets.

For further information on the Company, please contact:

Empiric Student Property plc	(via Newgate below)
Paul Hadaway (Chief Executive)
Tim Attlee (Chief Investment Officer)
Michael Enright (Chief Financial Officer)
Akur Limited (Joint Financial Adviser)	Tel: [phone]
Tom Frost
Anthony Richardson
Siobhan Sergeant
Jefferies International Limited (Joint Financial Adviser and Broker)	Tel: [phone]
Gary Gould
Stuart Klein
Alex Collins
Newgate (PR Adviser)	Tel: [phone]
James Benjamin	Em: [e-mail]
Andre Hamlyn
Lois Engstrand

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

Notes:

Empiric Student Property plc (incorporated in England & Wales) is an internally managed real estate investment trust ("REIT") investing in modern, direct-let, premium student accommodation, both standing and development assets, with a focus on quality and with assets generally in prime central locations in top university cities and towns in the UK. The Company 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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