RNS Number : 8228I
Empiric Student Property PLC
18 October 2024
 

 

 

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

 

Empiric Student Property plc (ticker: ESP), the owner and operator of premium, studio-led student accommodation aligned to top-tier universities, announces that certain Directors have acquired shares in the Company.

 


Shareholding before Transaction

% of ISC

Shares Acquired

Shareholding following Transaction

% of ISC *

Mark Pain

100,000

0.0166

20,000

120,000

0.0181

Duncan Garrood

93,122

0.0154

32,000

125,122

0.0188

Donald Grant

33,177

0.0055

20,876

54,053

0.0081

Alice Avis

53,600

0.0089

6,000

59,600

0.0090

Total

279,899

0.0464

78,876

358,775

0.054

* Based on enlarged ISC following Equity Fundraising traded on 17 October 2025 and settling 21 October 2024

The Notification of Dealing Forms provided in accordance with the requirements of the Market Abuse Regulation in relation to the transaction set out above for each PDMR is set out below.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Mark Pain

2

 

Reason for the notification

 

a)

 

Position/status

 

Chairman

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

 

Acquisition

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




93.00 p

20,000







d)

 

Aggregated information




- Aggregated volume

20,000



- Price

£18,600



e)

 

Date of the transaction

17 October 2024

f)

 

Place of the transaction

London Stock Exchange

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Duncan Garrood

2

 

Reason for the notification

 

a)

 

Position/status

 

Director/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

 

Acquisition

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




93.00p

32,000







d)

 

Aggregated information




- Aggregated volume

32,000



- Price

£29,760



e)

 

Date of the transaction

17 October 2024

f)

 

Place of the transaction

London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Donald Grant

2

 

Reason for the notification

 

a)

 

Position/status

 

Director/Chief Financial & Sustainability 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

 

Acquisition

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




95.3196p

20,876







d)

 

Aggregated information




- Aggregated volume

20,876



- Price

£19,898.92



e)

 

Date of the transaction

17 October 2024

f)

 

Place of the transaction

London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Alice Avis

2

 

Reason for the notification

 

a)

 

Position/status

 

Non-executive 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

 

Acquisition

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




94.965p

6,000







d)

 

Aggregated information




- Aggregated volume

6,000



- Price

£5,697.90



e)

 

Date of the transaction

17 October 2024  

f)

 

Place of the transaction

London Stock Exchange

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 


Empiric Student Property plc

(via FTI Consulting below)

Duncan Garrood (Chief Executive Officer)


Donald Grant (Chief Financial & Sustainability Officer)


 


FTI Consulting

Dido Laurimore

Eve Kirmatzis

020 3727 1000

empiric@fticonsulting.com

 



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 under the Equity Shares 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. The Company is classified as a commercial company listed under the UK Listing Rules and as such is not an alternative investment fund ("AIF") for the purposes of the Alternative Investment Fund Managers Directive ("AIFMD") and is not required to provide investors with a Key information Document ("KID") in accordance with the Packaged Retail and Insurance-based Investment Products ("PRIIPs") regulations.

 

 

 

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