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 / Amendment | Initial notification | |||
| 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 financial instrument, type of instrument | Ordinary shares of 1p each | |||
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| Identification code | GB00BLWDVR75 | ||||
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| b) | Nature of the transaction | Purchase
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| c) | Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 85.80p | 53,600 | | |
| | | | | | |
| d) | Aggregated information | | |||
| | | ||||
| - Aggregated volume | 53,600 | ||||
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| - Price | 85.80p | ||||
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| 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:
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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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