Empiric Student Property PLC Clarification of Company announcement 1 December (2212Y)

TIDMESP

RNS Number : 2212Y

Empiric Student Property PLC

04 December 2017

4 December 2017

Empiric Student Property plc

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

Clarification of Company announcement on 1 December: Notification of Transaction of a Director

Further to the Company announcement on 1 December 2017, Notification of Transaction of a Director, the Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, confirms that Paul Hadaway, Chief Executive of the Company, has reorganised his personal shareholding by transferring 388,750 ordinary shares in the Company ("Ordinary Shares") from his personal account into his pension fund.

Mr Hadaway sold 388,750 ordinary shares in the Company ("Ordinary Shares") at a price of 87.75 pence per Ordinary Share and Mr Hadaway's pension fund then subsequently purchased 388,750 Ordinary Shares at price of 87.7575 pence per share.

Following the transaction, there were no net changes to Mr Hadaway's shareholding in the Company and he continues to hold 1,532,775 Ordinary Shares (equivalent to 0.25 per cent. of the Company's issued ordinary share capital).

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 the Appendix below.

For further information on the Company, please contact:

 
 Empiric Student Property plc      (via Newgate below) 
 Paul Hadaway (Chief Executive) 
 Lynne Fennah (Chief Financial 
  Officer) 
 Tim Attlee (Chief Investment 
  Officer) 
 
 Akur Limited (Joint Financial     Tel: 020 7493 3631 
  Adviser) 
 Tom Frost 
 Anthony Richardson 
 Siobhan Sergeant 
 
 Jefferies International Limited   Tel: 020 7029 8000 
  (Joint Financial Adviser and 
  Broker) 
 Gary Gould 
 Stuart Klein 
 
 Newgate (PR Adviser)              Tel: 020 7680 6550 
 James Benjamin                    Em: empiric@newgatecomms.com 
 Anna Geffert 
 Lydia Thompson

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 company news service from the London Stock Exchange

END

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December 04, 2017 02:00 ET (07:00 GMT)

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