Notification of Awards to Directors

RNS Number : 3312D

Empiric Student Property PLC

26 April 2017

 

26 April 2017

Empiric Student Property plc

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

Notification of Awards to Directors

The Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, announces that on 25 April 2017, the Company granted nil-cost options over a total of 71,558 ordinary shares in the Company ("Ordinary Shares") pursuant to the deferred shares element of the annual bonus awards for the shortened six month financial period to 31 December 2016 (the "Annual Bonus Awards") to Paul Hadaway and Tim Attlee, both Executive Directors of the Company.

The price used to calculate the number of Ordinary Shares under the Annual Bonus Awards was £1.11, representing the average of the daily closing prices of the Ordinary Shares on the London Stock Exchange for the 12 month period ended 31 March 2017.

The Annual Bonus Awards are not subject to any further performance conditions and in normal circumstances will be exercisable on or after the third anniversary of grant.

The total number of ordinary shares over which nil-cost options were granted on 25 April 2017 represents approximately 0.01 per cent. of the Company's issued share capital.

This notification is made in accordance with Article 19 of the Market Abuse Regulations and further details required under Article 19(6) are set out in the Appendices below.

For further information on the Company, please contact:

Empiric Student Property plc	(via Newgate below)
Paul Hadaway (Chief Executive)
Tim Attlee (Chief Investment 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
Newgate (PR Adviser)	Tel: [phone]
James Benjamin	Em: [e-mail]
Zoe Pocock
Lydia Thompson

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.

APPENDIX I

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Hadaway
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	Nil cost options over ordinary shares of 1p each
	Identification code	GB00BLWDVR75
b)	Nature of the transaction	Nil cost option award
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			1.11p	35,779
d)	Aggregated information
	- Aggregated volume	35,779
	- Price	1.11p
e)	Date of the transaction	25 April 2017
f)	Place of the transaction	London

APPENDIX II

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Timothy Attlee
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	Nil cost options over ordinary shares of 1p each
	Identification code	GB00BLWDVR75
b)	Nature of the transaction	Nil cost option award
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			1.11p	35,779
d)	Aggregated information
	- Aggregated volume	35,779
	- Price	1.11p
e)	Date of the transaction	25 April 2017
f)	Place of the transaction	London

 

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