Empiric Student Property PLC NON-EXECUTIVE DIRECTOR CHANGES (9821M)
27 Septiembre 2021 - 01:00AM
UK Regulatory
TIDMESP
RNS Number : 9821M
Empiric Student Property PLC
27 September 2021
27 September 2021
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries,
the "Group")
NON-EXECUTIVE DIRECTOR CHANGES
Empiric Student Property plc (ticker: ESP), the owner and
operator of premium student accommodation across the UK, announces
that Martin Ratchford has been appointed to the Board as an
Independent Non-Executive Director and Chair of the Audit Committee
effective on 1 October 2021, following the conclusion of a
comprehensive recruitment process supported by external
consultants. After over seven years of service to the Company, Jim
Prower will resign as a Director of the Company on the same day as
part of a planned succession process.
Martin is a senior finance professional with more than two
decades' experience in UK and international real estate gained
across the listed, fund and private sectors and across most
property asset classes, including student accommodation. Since June
2018, he has held the post of Chief Finance Officer at Frasers
Property UK Limited, part of Frasers Property ("Frasers Property").
Frasers Property, listed on the main board of the Singapore
Exchange Securities Trading Limited (SGX), is a multi-national
company that develops, owns and manages a diverse portfolio of
c.GBP21 billion of real estate across multiple asset classes.
Martin previously held senior finance and leadership roles at
The Unite Group PLC, The British Land Company plc and latterly as
Finance Director of Real Estate & Funds at Thomas Cook Group
plc.
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:
" On behalf of the Board, I would like to thank Jim for the
important contribution he has made to Empiric over the past seven
years since our IPO in 2014. During this time, Jim has provided
valuable insights and supported the financial and operational
transformation of the Group. The Board remains grateful for his
expertise, commitment and wise counsel, and Jim leaves with our
very best wishes for the future.
We are pleased to welcome Martin to the Board. He brings a
wealth of invaluable real estate and finance experience in the UK
and internationally, and we very much look forward to working
closely with him as we continue to drive value enhancing changes in
our business and delivering long term shareholder value, which
remains top of our agenda ."
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 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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