Last checked at 27 Jan 2016 07:00
27 January 2016
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries, the "Group")
Board Changes
The Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, announces that Alexandra Mackesy has informed the Board of her intention to resign from her role as an independent non-executive director with effect from 29 February 2016. Mrs Mackesy, who has been a non-executive director of the Company and chairman of the remuneration committee since its IPO, has decided to resign due to time commitments in relation to her other obligations. The Board would like to thank Mrs Mackesy for her contribution to the development of the Company since it came to market and wishes her well for the future.
The Board has agreed to appoint Stuart Beevor as chairman of the remuneration committee and as a member of the audit committee. Mr Beevor, who joined the Board as an independent non-executive director on 1 January 2016, was previously a board member of The Unite Group plc for a nine year period, where he was chairman of the remuneration committee and a member of the audit committee.
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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Michael Enright (Chief Financial 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 |
Alex Shilov |
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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 (incorporated in England & Wales) is a leading provider of modern, direct-let, premium, student accommodation across the UK. Investing in both standing and development assets, the Company focuses on quality, with assets generally in prime central locations in top university cities and towns in the UK, attracting international students and/or those studying beyond first year, in particular, postgraduates. For the 2014/15 academic year, Empiric's customer base comprised students from 83 countries and 79% of students were beyond their first year of study.
The Company, an internally managed real estate investment trust ("REIT"), 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.