TIDMESP

RNS Number : 7167O

Empiric Student Property PLC

14 June 2022

14 June 2022

Empiric Student Property plc

("Empiric" or the "Company" or, together with its subsidiaries, the "Group")

APPOINTMENT OF NEW NON-EXECUTIVE DIRECTOR

Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation serving key UK Universities, announces that Clair Preston-Beer has been appointed to the Board as an Independent Non-Executive Director, effective from 1 July 2022, following the conclusion of a comprehensive recruitment process supported by external consultants.

Clair is an experienced leader of high performance retail and hospitality businesses in the UK and internationally. Clair spent 16 years with Costa Coffee, then part of Whitbread PLC, in a range of senior leadership roles including UK Operations Director, Chief Operating Officer in the UK with full financial and operational responsibility for UK property, business change and operations across 1,100 outlets , and latterly Managing Director for the Middle East and Asia where she was responsible for developing and driving the strategy for the significant expansion and profitable growth for the region. Clair was a member of the Costa Executive Team.

Clair joined Greene King as Managing Director in November 2020. She sits on the main Board and is responsible for c.600 local community pubs across the UK.

No further information is required to be disclosed pursuant to Listing Rule 9.6.13R.

Mark Pain, Non-Executive Chairman of Empiric Student Property plc, said:

"I am delighted to welcome Clair to the Empiric Board, and w e look forward to working closely with her . Clair brings a wealth of experience leading high performance businesses across the retail and hospitality sectors, which will be invaluable as we continue to drive increased shareholder value from maximising our recovery in occupancy, further refinements to our property portfolio, and higher profitability from our Hello Student(R) operating platform."

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 
 
                                                   07747 113 930 / 020 7379 
 M aitland/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.

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END

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(END) Dow Jones Newswires

June 14, 2022 02:00 ET (06:00 GMT)

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