Transactions by 'PDMR'

RNS Number : 7656U

Empiric Student Property PLC

27 November 2019

 

27 November 2019

Empiric Student Property plc

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

Transactions by Persons Discharging Managerial Responsibility ("PDMR") and persons closely associated with them

The board of Empiric Student Property plc (ticker: ESP) (the "Board"), the owner and operator of premium student accommodation across the UK, announces that on 26 November 2019, Timothy Attlee, Chief Executive Officer of the Company, exercised a nil-cost option award granted on 29 September 2016 under the rules of the Empiric Student Property plc 2014 Long Term Incentive Plan over 152,385 ordinary shares of 1p each in the Company.

Issue of Equity and Total Voting Rights

As a result of the Exercise, the Company has issued and allotted a total of 152,385 Ordinary Shares and application will be made for the Ordinary Shares to be listed on the Official List of the Financial Conduct Authority and admitted to trading on the Main Market of the London Stock Exchange on 02 December 2019 ("Admission").

The total number of Ordinary Shares in the Company in issue immediately following Admission will be 603,160,958 each with equal voting rights Accordingly, Mr Attlee's beneficial and non-beneficial holdings in the Company are 1,107,892 ordinary shares, which will represent approximately 0.184 per cent. of the total voting rights of the Company.

The Notification of Dealing Form provided in accordance with the requirements of the Market Abuse Regulation in relation to the transaction listed above is set out below.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Timothy Attlee
2	Reason for the notification
a)	Position/status	Chief Executive Officer
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	Exercise of nil-cost options over 152,385 ordinary shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	152,385
d)	Aggregated information
	- Aggregated volume	152,385
	- Price	Nil cost
e)	Date of the transaction	26 November 2019
f)	Place of the transaction	Outside a trading venue

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

Empiric Student Property plc	(via Maitland/AMO below)
Tim Attlee (Chief Executive Officer)
Lynne Fennah (Chief Financial & Operating Officer)
Jefferies International Limited	Tel: [phone]
Gary Gould
Stuart Klein
Maitland/AMO (Communications Adviser)	Tel: [phone]
James Benjamin	Email: [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, 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.

 

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