Empiric Student Property PLC LTIP option award/PDMR (0241F)

TIDMESP

RNS Number : 0241F

Empiric Student Property PLC

11 November 2020

11 November 2020

Empiric Student Property plc

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

Chief Executive Officer LTIP Option Award for FY 2020 / PDMR Notification

The Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, announces that following his recent appointment, the Company granted Duncan Garrood, Chief Executive Officer, nil-cost options over 400,000 ordinary shares in the Company ("Ordinary Shares") pursuant to the Empiric Long Term Incentive Plan (the "LTIP") for the 2020 financial year.

The LTIP award is subject to performance conditions measured over a three-year period which will be determined and disclosed early in 2021. The award is also subject to an additional holding period of two years before being released and becoming exercisable.

The total number of Ordinary Shares over which nil-cost options were granted on 10 November 2020 represents approximately 0.066 per cent. of the Company's issued share capital.

The LTIP transaction took place in the United Kingdom, with a grant date of 10 November 2020 and the Chief Executive Officer being notified on 10 November 2020.

This notification is made in accordance with Article 19 of the Market Abuse Regulations and further details required under Article 19(6) are set out in Appendix I below.

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   Tel: [phone] 
 S tuart Klein 
 Tom Yeadon 
 
 RBC Europe Limited (trading as    Tel: [phone] 
  RBC Capital Markets) 
 Charlie Foster 
  Marcus Jackson 
 
 M aitland/AMO (Communications     Tel: [phone] 
  Adviser) 
 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, 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 is a 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.

APPENDIX I

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Duncan Garrood 
      ---------------------------------------  -------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------- 
 a)    Position/status                          Director 
      ---------------------------------------  -------------------------------------------- 
 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                       Nil cost options over ordinary shares 
        financial instrument,                    of 1p each 
        type of instrument 
 
       Identification code                      GB00BLWDVR75 
 
 b)    Nature of the transaction                Nil cost option award 
      ---------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  ------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  ------------------- 
    Nil                                                                400,000 
   -----------------------------------------------------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      400,000 
 
  - Price                                  Nil 
 
 e)    Date of the transaction                  10 November2020 
      ---------------------------------------  -------------------------------------------- 
 f)    Place of the transaction                 London 
      ---------------------------------------  -------------------------------------------- 
 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHKKDBQQBDDDDD

(END) Dow Jones Newswires

November 11, 2020 09:58 ET (14:58 GMT)