Holding(s) in Company

RNS Number : 8622D

Empiric Student Property PLC

29 October 2015

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES ⁱ

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ

EMPIRIC STUDENT PROPERTY PLC

2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments		X
An event changing the breakdown of voting rights
Other (please specify):

3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ	Avenue Europe Management LLP
4. Full name of shareholder(s) (if different from 3.): ^iv	Avenue Europe Opportunities Master Fund, L.P. Avenue Europe Special Situations Fund III (Euro), L.P. Avenue Europe Special Situations Fund III (US), L.P. Avenue ASRS Europe Opportunities Fund, L.P. Avenue COPPERS Opportunities Fund, L.P.
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	October 23, 2015
6. Date on which issuer notified:	October 26, 2015
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	Below 5%

8. Notified details:
A: Voting rights attached to shares ^{viii, ix}
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights ^x
			Direct	Direct ^xi	Indirect ^xii	Direct	Indirect
	N/A	N/A	N/A	N/A	N/A	N/A	N/A

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date ^xiii	Exercise/ Conversion Period ^xiv	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
N/A	N/A	N/A	N/A	N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date ^xvii	Exercise/ Conversion period ^xviii	Number of voting rights instrument refers to	% of voting rights ^{xix, xx}
Contract for Difference	-			18,261,136	Nominal	Delta
					4.74%	4.74%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: ^xxi

Proxy Voting:
10. Name of the proxy holder:	N/A
11. Number of voting rights proxy holder will cease to hold:	N/A
12. Date on which proxy holder will cease to hold voting rights:	N/A