Dividend Declaration

RNS Number : 1290T

Empiric Student Property PLC

16 March 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 31 December 2022 of 0.875 pence per ordinary share.

This dividend is payable on 14 April 2023 to shareholders on the register at 31 March 2023.  The ex-dividend date will be 30 March 2023. This dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax-exempt property rental business.

Taken together with the dividends paid to shareholders for the first three quarters of the year, the Company would have paid a total of 2.75 pence per ordinary share for the financial year to 31 December 2022. 

The Company has a progressive dividend policy with dividends paid quarterly. The Company is targeting a minimum dividend of 3.25 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)
Jefferies International Limited	020 7029 8000
Tom Yeadon
Andrew Morris
Peel Hunt LLP	020 7418 8900
Capel Irwin Carl Gough
FTI Consulting  (Communications Adviser )	020 3727 1000
Dido Laurimore Eve Kirmatzis	[e-mail]

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, 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.

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.

 

END

 

 

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