TIDMESP

RNS Number : 3773T

Empiric Student Property PLC

17 March 2023

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 owner and operator of premium student accommodation across the UK, announces that Alice Avis, Senior Independent Director, acquired a total of 53,600 ordinary shares in the Company at a price of 85.80 pence per share through a connected entity, Lawgate Properties Limited.

Following the purchase, Ms Avis's total shareholding comprises 53,600 ordinary shares, representing 0.0089% of the issued share capital 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                                    Alice Avis 
      --------------------------------------  ---------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------------- 
 a)    Position/status                         Senior Independent 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                          Ordinary shares of 1p each 
        the financial instrument, 
        type of instrument 
 
       Identification                          GB00BLWDVR75 
        code 
 
 b)    Nature of the transaction               Purchase 
      --------------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s) 
                                               --------------  --------------- 
                                                Price(s)        Volume(s) 
                                               --------------  --------------- 
                                                85.80p          53,600 
                                               --------------  --------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                     53,600 
 
  - Price                                 85.80p 
 
 e)    Date of the transaction                 16 March 2023 
      --------------------------------------  ---------------------------------- 
 f)    Place of the transaction                London Stock Exchange 
      --------------------------------------  ---------------------------------- 
 

ENDS

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 
 
  Empiric Student Property plc                      (via FTI Consulting below) 
   Duncan Garrood (Chief Executive Officer) 
   Donald Grant (Chief Financial & Sustainability 
    Officer) 
 
   Jefferies International Limited                   020 7029 8000 
   Tom Yeadon 
   Andrew Morris 
 
   Peel Hunt LLP                                     020 7418 8900 
   Capel Irwin 
    Carl Gough 
 
    FTI Consulting                                    020 3727 1000 
    Dido Laurimore                                    empiric@fticonsulting.com 
    Eve Kirmatzis 
 
 
 

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 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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(END) Dow Jones Newswires

March 17, 2023 06:24 ET (10:24 GMT)

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