Empiric Student Property PLC Director/PDMR Shareholding (4910O)

TIDMESP

RNS Number : 4910O

Empiric Student Property PLC

02 October 2019

2 October 2019

Empiric Student Property plc

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

Transactions by Persons Discharging Managerial Responsibility ("PDMR") and persons closely associated with them

The Board of Empiric Student Property plc (ticker: ESP) (the "Board"), the owner and operator of premium student accommodation across the UK, announces that on 2 October 2019, Timothy Attlee, Chief Executive Officer of the Company, exercised a nil-cost option award granted on 9 November 2015 under the rules of the Empiric Student Property plc 2014 Long Term Incentive Plan over 120,833 ordinary shares of 1p each in the Company.

Issue of Equity and Total Voting Rights

As a result of the Exercise, the Company has issued and allotted a total of 120,833 Ordinary Shares and application will be made for the Ordinary Shares to be listed on the Official List of the Financial Conduct Authority and admitted to trading on the Main Market of the London Stock Exchange on 7 October 2019 ("Admission").

The total number of Ordinary Shares in the Company in issue immediately following Admission will be 603,008,573 each with equal voting rights Accordingly, Mr Attlee's beneficial and non-beneficial holdings in the Company are 955,507 ordinary shares, which will represent approximately 0.158 per cent. of the total voting rights of the Company.

The Notification of Dealing Form provided in accordance with the requirements of the Market Abuse Regulation in relation to the transaction listed above is set out below.

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                   Timothy Attlee 
      -------------------------------------  ------------------------------------------------ 
 2     Reason for the notification 
      --------------------------------------------------------------------------------------- 
 a)    Position/status                        Chief Executive 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 the                     Ordinary shares of 1p each 
        financial instrument, 
        type of instrument 
 
       Identification code                    GB00BLWDVR75 
 
 b)    Nature of the transaction              Exercise of nil-cost options over 120,833 
                                               ordinary shares 
      -------------------------------------  ------------------------------------------------ 
 c)    Price(s) and volume(s) 
                                              ----------------------  --------------------- 
                                               Price(s)                Volume(s) 
                                              ----------------------  --------------------- 
    Nil                                                                120,833 
   -----------------------------------------------------------------  --------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                    120,833 
 
  - Price                                Nil cost 
 
 e)    Date of the transaction                2 October 2019 
      -------------------------------------  ------------------------------------------------ 
 f)    Place of the transaction               Outside a trading venue 
      -------------------------------------  ------------------------------------------------ 
 

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.

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October 02, 2019 04:27 ET (08:27 GMT)