Notification of Transaction of a Director

RNS Number : 3112O

Empiric Student Property PLC

17 August 2017

 

17 August 2017

Empiric Student Property plc

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

Notification of Transaction of a Director

Further to the announcement on 11 August 2017, the Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, announces that Paul Hadaway and Tim Attlee, Directors of the Company, have each sold 130,521 ordinary shares in the Company ("Ordinary Shares") at a price of 111.5 pence per share. The proceeds of these transactions will be used to fund the tax and national insurance liabilities resulting from their exercise of vested nil-cost options pursuant to the Empiric Student Property Plc 2014 Long Term Incentive Plan (the "Exercise").

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 Appendix 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)
Lynne Fennah (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
Newgate (PR Adviser)	Tel: [phone]
James Benjamin	Em: [e-mail]
Anna Geffert
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

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	Ordinary shares of 1p each
	Identification code	GB00BLWDVR75
b)	Nature of the transaction	Disposal
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			111.5p	130,521
d)	Aggregated information
	- Aggregated volume	130,521
	- Price	111.5p
e)	Date of the transaction	16 August 2017
f)	Place of the transaction	London

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	Ordinary shares of 1p each
	Identification code	GB00BLWDVR75
b)	Nature of the transaction	Disposal
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			111.5p	130,521
d)	Aggregated information
	- Aggregated volume	130,521
	- Price	111.5p
e)	Date of the transaction	16 August 2017
f)	Place of the transaction	London

 

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