Empiric Student Property PLC Director changes (3495M)
May 23 2022 - 2:01AM
UK Regulatory
TIDMESP
RNS Number : 3495M
Empiric Student Property PLC
23 May 2022
23 May 2022
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries,
the "Group")
DIRECTOR CHANGES
The Board of Empiric Student Property plc (ticker: ESP), the
owner and operator of premium student accommodation serving key UK
universities, announces the following Board changes.
Lynne Fennah will be stepping down from her role as Chief
Financial & Sustainability Officer of the Company to pursue
other interests. Lynne will remain in her position until May 2023
to help ensure that an orderly handover takes place. The Board
will, with immediate effect, commence a search for her
successor.
Lynne joined Empiric in June 2017, as Chief Financial Officer.
Over the past five years, she has led the transformation of the
business, including an extensive insourcing programme. Lynne also
took on the role of Chief Operating Officer and, following Tim
Attlee's departure in 2020, additional responsibilities prior to
the arrival of Duncan Garrood as Chief Executive Officer in
September 2020.
Stuart Beevor, Independent Non-Executive Director and Chair of
the remuneration committee of the Company, announced earlier this
year that, after six years, he would not be standing for
re-election at today's AGM. The Board is well advanced in its
process to appoint Stuart's successor and will make an announcement
in due course.
Mark Pain, Non-Executive Chairman of Empiric Student Property
plc, said:
"On behalf of the Board, I would like to thank Lynne for the
significant contribution she has made to Empiric over the last five
years. During this time, Lynne has led Empiric's transformation,
creating a best-in-class operational platform well-placed to drive
profitable growth, and establishing a more robust, resilient,
transparent company well-positioned to continue to deliver enhanced
shareholder value that is sustainable over the long term. Lynne
leaves with our very best wishes for the future.
Stuart has provided valuable insights across all aspects of the
Empiric business and particularly in relation to the Company's
property assets. He is an exemplar of all that you would want and
hope for from an effective Independent Non-Executive Director. The
Board will miss his contribution and wishes him our very best."
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 & Sustainability
Officer)
Jefferies International Limited 020 7029 8000
Tom Yeadon
Andrew Morris
RBC Europe Limited (trading as RBC
Capital Markets) 020 7653 4000
Marcus Jackson
Elliot Thomas
07747 113 930 / 020 7379
M aitland/amo (Communications Adviser) 5151
James Benjamin empiric-maitland@maitland.co.uk
Alistair de Kare-Silver
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
serving key UK universities. 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, 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.
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END
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