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, studio-led student accommodation
aligned to top-tier universities, is pleased to
declare an interim dividend in respect of the quarter ended 31
December 2023 of 0.9375 pence per ordinary share.
Details of the dividend will be as
follows:
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·
The dividend will be paid on
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19 April 2024
|
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·
Payable to shareholders on the register as
at
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5 April 2024
|
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·
The ex-dividend date will be
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4 April 2024
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This dividend will be paid as a
Property Income Distribution ("PID") in respect of the Company's
tax-exempt property rental business.
This dividend will take the total dividend paid
to shareholders in respect of 2023 to 3.5p, as targeted. A
dividend payment of 3.5 pence per share reflects an 88% pay-out on
EPRA earnings and cover of 114%, a 27% increase on the prior
year.
ENDS
FOR
FURTHER INFORMATION, PLEASE CONTACT:
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Empiric Student Property plc
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(via FTI Consulting
below)
|
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Duncan Garrood (Chief Executive
Officer)
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|
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Donald Grant (Chief Financial &
Sustainability Officer)
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|
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|
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|
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FTI
Consulting (Communications Adviser)
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020 3727 1000
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Dido Laurimore
Eve Kirmatzis
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empiric@fticonsulting.com
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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 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
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. The Company is classified as a commercial company
listed under chapter 6 of the UK Listing rules and as such is not
an alternative investment fund ("AIF") for the purposes of the
Alternative Investment Fund Managers Directive ("AIFMD") and is not
required to provide investors with a Key information Document
("KID") in accordance with the Packaged Retail and Insurance-based
Investment Products ("PRIIPs") regulations.