Last checked at 15 Mar 2017 07:00
15 March 2017
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries, the "Group")
Board Change
The Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, announces that Michael Enright has resigned as a Director of the Company for personal reasons.
The Company has appointed Nigel Turner FCA as Interim Head of Finance. Mr Turner has acted in a similar capacity for several entities, covering both listed and private companies. His sector experience includes acting as Interim CFO of Aldwyck Property Management Group, which managed over 11,000 properties, and Director of Finance for Care UK Limited which owned over 100 care homes. Jim Prower, Senior Independent Director, continues to provide oversight of the Group's financial reporting function in his capacity as Chair of the Audit Committee.
The Company is seeking a permanent replacement for the role of Chief Financial Officer and a further announcement will be made in due course.
The Board wishes to express its gratitude to Mr Enright and thanks him for his input and contribution since the Company's IPO in June 2014 and wishes him well for the future.
For further information on the Company, please contact:
Empiric Student Property plc | (via Newgate below) |
Paul Hadaway (Chief Executive) |
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Tim Attlee (Chief Investment Officer) |
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Akur Limited (Joint Financial Adviser) | Tel: 020 7493 3631 |
Tom Frost |
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Anthony Richardson |
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Siobhan Sergeant |
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Jefferies International Limited (Joint Financial Adviser and Broker) | Tel: 020 7029 8000 |
Gary Gould |
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Stuart Klein |
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Newgate (PR Adviser) | Tel: 020 7680 6550 |
James Benjamin | Em: empiric@newgatecomms.com |
Zoe Pocock |
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Lydia Thompson |
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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.