Empiric Student Property PLC Notification of Transaction of a Director (8357N)
12 August 2017 - 3:07AM
UK Regulatory
TIDMESP
RNS Number : 8357N
Empiric Student Property PLC
11 August 2017
This announcement replaces the announcement made earlier today
(RNS: 7226N). The Company's issued share capital with voting rights
has been corrected to 602,749,493 and item 4(b) of Tim Attlee's
PDMR notification has been corrected to read "Exercise of options"
not "Disposal". All other information remains the same.
11 August 2017
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries,
the "Group")
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,
announces that Paul Hadaway and Tim Attlee, Directors of the
Company, have each exercised vested nil-cost options over 276,495
ordinary shares in the Company ("Ordinary Shares") pursuant to the
Empiric Student Property Plc 2014 Long Term Incentive Plan (the
"Exercise"). The Company's employee benefit trust, Empiric Student
Property Trustees Limited, yesterday instructed the Company to
allot 276,495 Ordinary Shares to each of Mr Hadaway and Mr
Attlee.
Prior to the commencement of the Company's closed period (which
will commence on the 12 August 2017), both Mr Hadaway and Mr Attlee
have provided irrevocable instructions to sell such number of
Ordinary Shares as will be required to realise proceeds to fund the
tax and national insurance liabilities resulting from the issue of
the Ordinary Shares. A further notification regarding the sale of
shares will be made in due course.
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.
Issue of Equity and Total Voting Rights
As a result of the Exercise, the Company has issued and allotted
a total of 552,990 Ordinary Shares and application will be made for
the Ordinary Shares to be listed on the Official List of the
Financial Conduct Authority and admitted to trading on the Main
Market of the London Stock Exchange on 16 August 2017
("Admission").
The total number of Ordinary Shares in the Company in issue
immediately following Admission will be 602,749,493 each with equal
voting rights. This total voting rights figure can be used by
shareholders as the denominator for the calculations by which they
will determine whether they are required to notify their interest
in the Company under the Disclosure Guidance and Transparency Rules
of the Financial Conduct Authority.
For further information on the Company, please contact:
Empiric Student Property plc (via Newgate below)
Paul Hadaway (Chief Executive)
Tim Attlee (Chief Investment
Officer)
Lynne Fennah (Chief Financial
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.
APPENDIX
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------
a) Name Paul Hadaway
---- ------------------------------ --------------------------------
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 Ordinary shares of 1p each
the financial
instrument, type
of instrument
----
Identification GB00BLWDVR75
code
b) Nature of the Exercise of options
transaction
---- ------------------------------ --------------------------------
c) Price(s) and volume(s)
---- ------------- --------------
Price(s) Volume(s)
---- ------------- --------------
0p 276,495
------------- --------------
d) Aggregated information
----
- Aggregated volume 276,495
- Price 0p
e) Date of the transaction 10 August 2017
---- ------------------------------ --------------------------------
f) Place of the transaction London
---- ------------------------------ --------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------
a) Name Timothy Attlee
---- ------------------------------ --------------------------------
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 Ordinary shares of 1p each
the financial
instrument, type
of instrument
----
Identification GB00BLWDVR75
code
b) Nature of the Exercise of options
transaction
---- ------------------------------ --------------------------------
c) Price(s) and volume(s)
---- ------------- --------------
Price(s) Volume(s)
---- ------------- --------------
0p 276,495
------------- --------------
d) Aggregated information
----
- Aggregated volume 276,495
- Price 0p
e) Date of the transaction 10 August 2017
---- ------------------------------ --------------------------------
f) Place of the transaction London
---- ------------------------------ --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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