Empiric Student Property PLC LTIP option award/PDMR (0241F)
12 November 2020 - 1:58AM
UK Regulatory
TIDMESP
RNS Number : 0241F
Empiric Student Property PLC
11 November 2020
11 November 2020
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries,
the "Group")
Chief Executive Officer LTIP Option Award for FY 2020 / PDMR
Notification
The Board of Empiric Student Property plc (ticker: ESP), the
owner and operator of premium student accommodation across the UK,
announces that following his recent appointment, the Company
granted Duncan Garrood, Chief Executive Officer, nil-cost options
over 400,000 ordinary shares in the Company ("Ordinary Shares")
pursuant to the Empiric Long Term Incentive Plan (the "LTIP") for
the 2020 financial year.
The LTIP award is subject to performance conditions measured
over a three-year period which will be determined and disclosed
early in 2021. The award is also subject to an additional holding
period of two years before being released and becoming
exercisable.
The total number of Ordinary Shares over which nil-cost options
were granted on 10 November 2020 represents approximately 0.066 per
cent. of the Company's issued share capital.
The LTIP transaction took place in the United Kingdom, with a
grant date of 10 November 2020 and the Chief Executive Officer
being notified on 10 November 2020.
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 Appendix I below.
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
& Operating Officer)
Jefferies International Limited Tel: 020 7029 8000
S tuart Klein
Tom Yeadon
RBC Europe Limited (trading as Tel: 020 7653 4000
RBC Capital Markets)
Charlie Foster
Marcus Jackson
M aitland/AMO (Communications Tel: 07747 113 930
Adviser)
James Benjamin Email: empiric-maitland@maitland.co.uk
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(R) operating platform, that is attractive to affluent
growing student segments.
The Company is a 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 I
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Duncan Garrood
--------------------------------------- --------------------------------------------
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 the Nil cost options over ordinary shares
financial instrument, of 1p each
type of instrument
Identification code GB00BLWDVR75
b) Nature of the transaction Nil cost option award
--------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
Nil 400,000
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume 400,000
- Price Nil
e) Date of the transaction 10 November2020
--------------------------------------- --------------------------------------------
f) Place of the transaction London
--------------------------------------- --------------------------------------------
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END
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