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 the Chief Executive Officer, Duncan
Garrood, has acquired 25,316 Ordinary shares in the Company through
the exercise of options in the Empiric Student Property plc 2021
SAYE Option Plan (the "Acquisition").
Following the Acquisition, Mr
Garrood's shareholding comprises 150,438 Ordinary shares in the
Company, representing 0.023% of the Issued Share Capital of the
Company.
The Notification of Dealing Form
provided in accordance with the requirements of the Market Abuse
Regulation in relation to the Acquisition is set out
below.
|
1
|
Details of the person discharging
managerial responsibilities / person closely associated
|
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a)
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Name
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Duncan Garrood
|
|
2
|
Reason for the
notification
|
|
a)
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Position/status
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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
|
|
|
|
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Identification code
|
GB00BLWDVR75
|
|
|
|
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b)
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Nature of the transaction
|
Acquisition
|
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c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
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Price(s)
|
Volume(s)
|
|
|
|
|
71.1p
|
25,316
|
|
|
|
|
|
|
|
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d)
|
Aggregated information
|
|
|
|
|
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- Aggregated volume
|
25,316
|
|
|
|
|
- Price
|
£17,999.68
|
|
|
|
|
e)
|
Date of the transaction
|
14 November 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.
