Empiric Student Property PLC Board Changes (4903R)

TIDMESP

RNS Number : 4903R

Empiric Student Property PLC

01 March 2019

1 March 2019

Empiric Student Property plc

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

BOARD CHANGES

The board of Empiric Student Property plc (ticker: ESP) (the "Board"), the owner and operator of premium student accommodation across the UK, announces that after nearly five years of service to the Company, Stephen Alston has notified the Board of his intention to step down from his position as a Non-Executive Director of the Company with effect from 29 March 2019.

The Board today also announces the appointment of Alice Avis MBE as a Non-Executive Director of the Company with effect from 1 March 2019. Alice will also join the Remuneration Committee with effect from the same date.

Alice brings over 25 years of experience in advertising, branding, marketing, e-commence and consultancy across the consumer goods and retail sectors. Her expertise is across both large FTSE100 organisations as well as smaller, entrepreneurial businesses in the UK and internationally and in both executive and non-executive roles.

Alice is currently a non-executive director of the BGF Group (the Business Growth Fund), The Edrington Group Limited and Cyden Ltd. Alice was previously executive chairman of Lumene Oy from 2012 to 2015 and served as CEO of The Sanctuary Spa Group from 2005 up to its sale to PZ Cussons in 2008, when she remained with the business as its chairman until 2009.

Previously Alice was Director of Marketing and e-Commerce at Marks and Spencer Group Plc, Global Brand Director of Johnnie Walker at Diageo PLC and a consultant at Bain & Co. Alice holds an MA, Classics, Cambridge University and an MBA, INSEAD. In 2009, Alice was awarded an MBE for services to the beauty industry.

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

"On behalf of the Board, I would like to thank Stephen for his valuable and significant contribution to the Company since its IPO in 2014, during which time he has supported the growth and continuing progress of the Group. The entire Board remains grateful for his wise counsel and expertise and we wish him well for the future.

We are delighted to welcome Alice to the Board as a Non-Executive Director. She brings a wealth of invaluable experience in driving digital transformation and operational excellence in customer focused, multi-site businesses. We very much look forward to working with her."

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

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 
 Empiric Student Property plc            (via Maitland/AMO below) 
 Tim Attlee (Chief Executive Officer) 
 Lynne Fennah (Chief Financial & 
  Operating Officer) 
 
 Jefferies International Limited         Tel: [phone] 
 Gary Gould 
 Stuart Klein 
 
 Maitland/AMO (Communications Adviser)   Tel: [phone] 
 James Benjamin                          Email: [e-mail] 
 

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, direct-let, nominated or leased student accommodation across the UK. Investing in both operating and development assets, Empiric is a multi-niche student property company focused on, (i) providing good quality first year accommodation managed through its Hello Student(R) operating platform in partnership with universities, (ii) offering a variety of second and third year purpose-built accommodation options for individual students and those wanting a group living environment, and (iii) continuing to expand the Group's existing premium, studio-led accommodation portfolio which is attractive to international and postgraduate students.

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

BOASEFFMAFUSEFE

(END) Dow Jones Newswires

March 01, 2019 02:01 ET (07:01 GMT)