Empiric Student Property PLC Appointment of Chairman (8027V)
26 July 2018 - 4:02PM
UK Regulatory
TIDMESP
RNS Number : 8027V
Empiric Student Property PLC
26 July 2018
26 July 2018
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries,
the "Group")
APPOINTMENT OF CHAIRMAN
The Board of Empiric Student Property plc (ticker: ESP), the
owner and operator of premium student accommodation across the UK,
is pleased to announce the appointment of Mark Pain as
Non-Executive Chairman of the Group with effect from 1 September
2018. Mark will also chair the Nominations Committee and be a
member of the Remuneration Committee of the Company. Stuart Beevor,
the current Acting Non-Executive Chairman, will step down from this
role and will resume his role of Non-Executive Director of the
Company and chairman of the Remuneration Committee.
Mark is a qualified accountant who has extensive experience as
an executive and non-executive in a wide range of companies in the
real estate, financial services and consumer/leisure sectors. Mark
is currently Vice Chairman and Senior Independent Director at
Yorkshire Building Society and Chairman of a London based
residential property developer, London Square. Mark spent 16 years
at Abbey National plc holding senior executive board positions,
ultimately Group Finance Director, and was Group Finance Director
for five years at Barratt Developments plc.
He has over 10 years' experience across several sectors in
previous non-executive board positions, including Ladbrokes Coral
Group plc (2015-2018), Aviva Insurance Ltd, the UK regulated entity
of Aviva plc (2013-17), Spirit Pub Group plc (2011-2015), Johnston
Press plc (2010-2015), Northern Rock (2010-2012) LSL Property
Services (2009-2013) and Punch Taverns plc (2007-2012).
Stuart Beevor, Acting Non-Executive Chairman, said:
"Following a very thorough and independent appointment process,
the Board has agreed that Mark is the right candidate to become
Empiric Student Property's Chairman. We are confident that with
Mark's strong financial, customer and shareholder focus and his
wealth of board experience, he will make a significant contribution
to the future success of the Group."
Mark Pain commented:
"I am delighted to be joining Empiric as Chairman and am very
much looking forward to working with Tim, Lynne and the Board at
this exciting time in the Company's development. Much has been
accomplished but there is still more to be done to drive greater
customer focus, improved financial and operational efficiencies and
sustainable shareholder value over the short and longer-term."
No further information is required to be disclosed pursuant to
Listing Rule 9.6.13.
For further information on the Company, please contact:
Empiric Student Property plc (via Newgate below)
Tim Attlee (Acting Chief Executive
Officer)
Lynne Fennah (Chief Financial &
Operating Officer)
Jefferies International Limited Tel: 020 7029 8000
Gary Gould
Stuart Klein
Newgate (PR Adviser) Tel: 020 7680 6550
James Benjamin Em: empiric@newgatecomms.com
Anna Geffert
Patrick Hanrahan
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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