Empiric Student Property PLC Trading Update and Notice of Half Year Results (8646E)
July 09 2019 - 4:30AM
UK Regulatory
TIDMESP
RNS Number : 8646E
Empiric Student Property PLC
09 July 2019
9 July 2019
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries,
the "Group")
TRADING UPDATE AND NOTICE OF HALF YEAR RESULTS
Empiric Student Property plc (ticker: ESP), the owner and
operator of premium student accommodation across the UK, will
announce its half year results for the six months ended 30 June
2019 on Tuesday, 20 August 2019.
The board is pleased to confirm that the Company remains on
track for FY2019 with operating margin expected to be above 67%,
administration costs around GBP10 million and dividend cover in the
region of 85%.
A Company presentation of the half year results for analysts and
investors will be held at 9.00am on the day at the offices of
Maitland, 3 Pancras Square, London, N1C 4AG. The presentation will
also be accessible via a live conference call and on-demand via the
Company website:
https://www.empiric.co.uk/investor-information/company-documents.
Those wishing to attend the presentation or access the live
conference call are kindly asked to contact Maitland at
empiric-maitland@maitland.co.uk or by telephone on +44 (0) 20 7379
5151.
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: 020 7029 8000
Gary Gould
Stuart Klein
Maitland/AMO (Communications Adviser) Tel: 020 7379 5151
James Benjamin Email: 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, 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 rns@lseg.com or visit www.rns.com.
END
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