Empiric Student Property PLC Dividend Declaration (6672E)
May 10 2017 - 1:00AM
UK Regulatory
TIDMESP
RNS Number : 6672E
Empiric Student Property PLC
10 May 2017
10 May 2017
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries,
the "Group")
Dividend Declaration
The Board of Empiric Student Property plc (ticker: ESP), the
owner and operator of premium student accommodation across the UK,
has declared a dividend of 1.525 pence per Ordinary Share in
respect of the quarter ended 31 March 2017, payable on or around 31
May 2017 to Ordinary Shareholders on the register on 19 May 2017.
The ex-dividend date will be 18 May 2017.
1.000 pence of this dividend will be paid as a Property Income
Distribution ("PID") in respect of the Company's tax exempt
property rental business and 0.525 pence will be paid as an
ordinary UK dividend ("non-PID").
The Board is targeting a dividend of 6.1p per share for the 12
months ending 30 June 2017(1) . The Board expects dividend payments
for the year ending 31 December 2017 to be substantially covered by
adjusted EPRA earnings for the period.
Note:
(1) The target dividend is a target only and not a forecast.
There can be no assurance that the target will be met and it should
not be taken as an indication of the Company's expected or actual
future results.
For further information on the Company, please contact:
Empiric Student Property plc (via Newgate below)
Paul Hadaway (Chief Executive)
Tim Attlee (Chief Investment
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
David Watkins
Newgate (PR Adviser) Tel: 020 7680 6550
James Benjamin Em: empiric@newgatecomms.com
Zoe Pocock
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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