Last checked at 15 Sep 2017 07:00
15 September 2017
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries, the "Group")
Notification of Transaction of a Director
The Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, announces that Paul Hadaway, Chief Executive of the Company, has acquired 46,000 ordinary shares in the Company ("Ordinary Shares") at price of 107.185 pence per share.
Following the transaction, Mr Hadaway holds 1,532,775 Ordinary Shares (equivalent to 0.25 per cent. of the Company's issued ordinary share capital).
This notification is made in accordance with Article 19 of the Market Abuse Regulations and further details required under Article 19(6) are set out in the Appendix below.
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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Lynne Fennah (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 |
Anna Geffert |
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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.
APPENDIX
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Paul Hadaway
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| 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) |
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| Price(s) | Volume(s) |
| ||
| 107.185p | 46,000 |
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| ||
d)
| Aggregated information | ||||
- Aggregated volume | 46,000 | ||||
- Price | 107.185p | ||||
e)
| Date of the transaction
| 14 September 2017 | |||
f)
| Place of the transaction
| London | |||