TIDMESP

RNS Number : 7781V

Empiric Student Property PLC

11 August 2022

11 August 2022

Empiric Student Property plc

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

EXERCISE OF LTIP OPTIONS - ISSUE OF EQUITY

The Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation serving key UK universities, announces that an application has been made for 92,018 new ordinary shares of 1 pence each ("Shares") to be admitted to be admitted to the premium listing segment of the Official List of the FCA and to trading on the London Stock Exchange ("Admission").

It is expected that Admission will become effective and dealings in the new Shares will commence at 8.00 a.m. on 17 August 2022. Following Admission, the number of ordinary shares the Company has in issue will be 603,351,880 and the total number of voting rights in the Company will be 603,351,880. There are no shares held in treasury. The figure 603,351,880 may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

The application has been made to meet obligations arising from deferred share awards granted by the Company on 1 May 2018 and 24 April 2019 to Lynne Fennah, the current Chief Financial and Sustainability Officer of the Company. The awards were made pursuant to the deferred shares element of the Company's annual bonus awards for the 12-month financial periods to 31 December 2017 and 31 December 2018, respectively. When issued, these Shares will rank pari passu with the Company's existing ordinary shares.

Following Admission, Lynne Fennah will have beneficial interest in 147,418 of the Company's ordinary shares, representing approximately 0.02 per cent. of the total voting rights of the Company.

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                     Lynne Fennah 
      ---------------------------------------  ---------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------- 
 a)    Position/status                          Director 
      ---------------------------------------  ---------------------------------- 
 b)    Initial notification                     Initial notification 
        /Amendment 
      ---------------------------------------  ---------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------- 
 a)    Name                                     Empiric Student Property plc 
      ---------------------------------------  ---------------------------------- 
 b)    LEI                                      213800FPF38IBPRFPU87 
      ---------------------------------------  ---------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                       Ordinary shares of 1p each 
        financial instrument, 
        type of instrument 
 
       Identification code                      ISIN: GB00BLWDVR75 
 
 b)    Nature of the transaction                Acquisition 
      ---------------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------  --------------- 
                                                 Price(s)        Volume(s) 
                                                --------------  --------------- 
                                                 0.0p            92,018 
                                                --------------  --------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      92,018 
 
  - Price                                  0.0p 
 
 e)    Date of the transaction                  11 August 2022 
      ---------------------------------------  ---------------------------------- 
 f)    Place of the transaction                 London Stock Exchange 
      ---------------------------------------  ----------------------------------

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 
 
 Peel Hunt LLP 
  Capel Irwin 
  Carl Gough                              020 7418 8900 
 
                                          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.

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END

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(END) Dow Jones Newswires

August 11, 2022 12:46 ET (16:46 GMT)

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