TIDMESP

RNS Number : 4904C

Empiric Student Property PLC

23 February 2022

23 February 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 December 2021 of 0.625 pence per ordinary share.

This dividend is payable on 25 March 2022 to shareholders on the register at 4 March 2022. The ex-dividend date will be 3 March 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 & Operating 
  Officer) 
 
 Jefferies International Limited               020 7029 8000 
 Tom Yeadon 
 Andrew Morris 
 
 RBC Europe Limited (trading as RBC Capital 
  Markets)                                     020 7653 4000 
 Charlie Foster 
  Marcus Jackson 
 
                                               07747 113 930 / 020 7379 
 Maitland/AMO (Communications Adviser)          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(R) 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.

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END

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(END) Dow Jones Newswires

February 23, 2022 02:01 ET (07:01 GMT)

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