Last checked at 29 Oct 2021 07:00
29 October 2021
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries, the "Group")
DIVIDEND DECLARATION
In line with its announcement on 12 August 2021, Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, has today declared a dividend of 2.50 pence per Ordinary Share.
This dividend is payable on 3 December 2021 to all Ordinary Shareholders on the register on 12 November 2021. The ex-dividend date will be 11 November 2021. This dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax-exempt property rental business and comprises the PID distribution requirement of 1 pence per share for the financial year 2019 and 1.5 pence per share for 2020.
The Company intends to announce a business and trading update next week.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Empiric Student Property plc | (via Maitland/AMO below) |
Duncan Garrood (Chief Executive Officer) |
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Lynne Fennah (Chief Financial & Operating Officer) |
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Jefferies International Limited | 020 7029 8000 |
Stuart Klein |
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Tom Yeadon |
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RBC Europe Limited (trading as RBC Capital Markets) | 020 7653 4000 |
Charlie Foster Marcus Jackson |
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Maitland/AMO (Communications Adviser) | 07747 113 930 |
James Benjamin | empiric-maitland@maitland.co.uk |
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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 located in high-demand university towns and cities across the UK. 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.