Director/PDMR Shareholding
Updated : 07:05
3 December 2019
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries, the "Group")
Transactions by Persons Discharging Managerial Responsibility ("PDMR") and persons closely associated with them
Further to the announcement on 27 November 2019, the Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, announces that Timothy Attlee, Chief Executive Officer of the Company, has sold 94,500 ordinary shares in the Company ("Ordinary Shares") at a price of 96.0 pence per share. The proceeds of these transactions will be mainly used to fund the tax and national insurance liabilities resulting from their exercise of vested nil-cost options pursuant to the Empiric Student Property Plc 2014 Long Term Incentive Plan (the "Exercise").
The Notification of Dealing Form provided in accordance with the requirements of the Market Abuse Regulation in relation to the transaction listed above is set out below.
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Timothy Attlee | |||
2 | Reason for the notification | ||||
a) | Position/status | Chief Executive Officer | |||
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 | Disposal
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c) | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
96.0p | 94,500 | ||||
d) | Aggregated information | ||||
- Aggregated volume | 94,500 | ||||
- Price | 96.0p | ||||
e) | Date of the transaction | 02 December 2019 | |||
f) | Place of the transaction | London Stock Exchange |
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Empiric Student Property plc | (via Maitland/AMO below) |
Tim Attlee (Chief Executive Officer) |
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Lynne Fennah (Chief Financial & Operating Officer) |
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Jefferies International Limited | Tel: 020 7029 8000 |
Gary Gould |
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Stuart Klein |
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Maitland/AMO (Communications Adviser) | Tel: 020 7379 5151 |
James Benjamin |
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, 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.
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