Empiric Student Property PLC Grant of options under new SAYE Plan (9222C)
24 Junio 2021 - 1:00AM
UK Regulatory
TIDMESP
RNS Number : 9222C
Empiric Student Property PLC
24 June 2021
24 June 2021
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries,
the "Group")
Grant of options under new SAYE Plan
The Board of Empiric Student Property plc (ticker: ESP), the
owner and operator of premium student accommodation across the UK,
announces that on 23 June 2021 it granted options ("Options") to
employees under the Company's newly established SAYE Option Plan
(the "SAYE Plan").
All individuals (including Executive Directors) who were
employed by the Group as at 26 May 2021 (the "Eligible Employees")
were invited to apply for the grant of Options over Empiric's
ordinary shares of 1p each ("Shares") with an exercise price of
GBP0.711 per Share, which represents a 15% discount to the closing
middle market price of GBP0.836 per Share on 25 May 2021 (being the
trading day before the invitation for Eligible Employees to
participate was issued).
The above Options have a contract start date of 1 August 2021
and will generally be exercisable between 1 August 2024 and 1
February 2025.
A total of 49 Eligible Employees elected to participate in the
SAYE Plan and, pursuant to these elections, Options over a total of
324,784 Shares have been granted representing approximately 0.054%
of the Company's current issued share capital. Included within this
total are Options granted to the following Executive Directors of
the Company:
Name Role No. of Shares over which
Options granted on 23
June 2021
Duncan Garrood Chief Executive Officer 25,316
----------------------------- -------------------------
Chief Financial & Operating
Lynne Fennah Officer 25,316
----------------------------- -------------------------
The following notifications are intended to satisfy the
Company's obligations under Article 19(3) of EU Regulation No
596/2014 (the Market Abuse Regulation).
1 Details of the person discharging managerial responsibilities/person
closely associated
---------------------------------------------------------------------------
a) Name 1. Duncan Garrood
2. Lynne Fennah
---- -------------------------- -----------------------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Chief Financial & Operating Officer
---- -------------------------- -----------------------------------------------
b) Initial notification/ Initial Notification
Amendment
---- -------------------------- -----------------------------------------------
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 Ordinary shares of 1p each ("Shares")
the financial
instrument, type
of instrument
----
Identification GB00BLWDVR75
code
---- -------------------------- -----------------------------------------------
b) Nature of the Grant of options over Shares pursuant to the
transaction Empiric Student Property plc SAYE Option Plan
---- -------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------
GBP0.711 (exercise
1. price) 25,316
--- ------------------- ----------
GBP0.711 (exercise
2. price) 25,316
--- ------------------- ----------
---- -------------------------- -----------------------------------------------
d) Aggregated information
* Aggregated volume 1. N/A single transaction
2. N/A single transaction
* Price
---- -------------------------- -----------------------------------------------
e) Date of the transaction 23 June 2021
---- -------------------------- -----------------------------------------------
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 & Operating Officer)
Jefferies International Limited 020 7029 8000
Stuart Klein
Tom Yeadon
RBC Europe Limited (trading as RBC Capital Markets) 020 7653 4000
Charlie Foster
Marcus Jackson
Maitland/AMO (Communications Adviser) 07747 113 930
James Benjamin empiric-maitland@maitland.co.uk
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
located in high-demand university towns and cities across the UK.
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 attracts 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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