Empiric Student Property PLC Notification of Transaction of a Director (3112O)
17 August 2017 - 10:01PM
UK Regulatory
TIDMESP
RNS Number : 3112O
Empiric Student Property PLC
17 August 2017
17 August 2017
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries,
the "Group")
Notification of Transaction of a Director
Further to the announcement on 11 August 2017, 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 sold
130,521 ordinary shares in the Company ("Ordinary Shares") at a
price of 111.5 pence per share. The proceeds of these transactions
will be used to fund the tax and national insurance liabilities
resulting from their exercise of vested nil-cost options pursuant
to the Empiric Student Property Plc 2014 Long Term Incentive Plan
(the "Exercise").
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)
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 Disposal
transaction
---- ------------------------------ --------------------------------
c) Price(s) and volume(s)
---- ------------- --------------
Price(s) Volume(s)
---- ------------- --------------
111.5p 130,521
------------- --------------
d) Aggregated information
----
- Aggregated volume 130,521
- Price 111.5p
e) Date of the transaction 16 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 Disposal
transaction
---- ------------------------------ --------------------------------
c) Price(s) and volume(s)
---- ------------- --------------
Price(s) Volume(s)
---- ------------- --------------
111.5p 130,521
------------- --------------
d) Aggregated information
----
- Aggregated volume 130,521
- Price 111.5p
e) Date of the transaction 16 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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