Last checked at 24 May 2022 10:03
24 May 2022
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries, the "Group")
DIVIDEND DECLARATION
Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation serving key UK universities, is pleased to declare an interim dividend in respect of the quarter ended 31 March 2022 of 0.625 pence per ordinary share.
This dividend is payable on 24 June 2022 to shareholders on the register at 6 June 2022. The ex-dividend date will be 1 June 2022. This dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax-exempt property rental business.
The Company continues to target a dividend of at least 2.5 pence per ordinary share for its financial year 2022 and expects dividends to be fully covered, paid quarterly and progressive in nature. It plans to increase its dividend target as occupancy levels normalise (1).
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Empiric Student Property plc | (via Maitland/amo below) |
Duncan Garrood (Chief Executive Officer) | |
Lynne Fennah (Chief Financial & Sustainability Officer) | |
| |
Jefferies International Limited | 020 7029 8000 |
Tom Yeadon | |
Andrew Morris | |
| |
RBC Europe Limited (trading as RBC Capital Markets) | 020 7653 4000 |
Marcus Jackson Elliot Thomas | |
| |
Maitland/amo (Communications Adviser) | 07747 113 930 / 020 7379 5151 |
James Benjamin | empiric-maitland@maitland.co.uk |
Alistair de Kare-Silver |
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 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.
Note:
(1) The target dividend is a target only and not a forecast. There can be no assurance that the target will be met and it should not be taken as an indication of the Company's expected or actual future results.