Empiric Student Property
plc
("Empiric" or the
"Company" or, together with
its subsidiaries, the "Group")
DIVIDEND
DECLARATION
Empiric Student Property plc (ticker: ESP), the
owner and operator of premium, studio-led student accommodation
aligned to top-tier universities, is pleased to
declare an interim dividend in respect of the quarter ended 30 June
2024 of 0.875 pence per ordinary share.
Details of the dividend are as
follows:
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•
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The dividend will be paid
on
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20 September 2024
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•
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Payable to shareholders on the
register as at
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06 September 2024
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The ex-dividend date will
be
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05 September 2024
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This dividend will be paid as a
Property Income Distribution ("PID") in respect of the Company's
tax-exempt property rental business.
The Company has a progressive
dividend policy with dividends paid quarterly. The Company is
targeting a minimum dividend of 3.5 pence per ordinary share for
the 2024 financial year (1).
ENDS
FOR
FURTHER INFORMATION, PLEASE CONTACT:
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Empiric Student Property plc
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(via FTI Consulting
below)
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Duncan Garrood (Chief Executive
Officer)
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Donald Grant (Chief Financial &
Sustainability Officer)
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FTI
Consulting (Communications Adviser)
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020 3727 1000
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Dido Laurimore
Eve Kirmatzis
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empiric@fticonsulting.com
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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 serving key UK universities.
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 under the Equity Shares 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. The Company is classified as a commercial company
listed under the UK Listing Rules and as such is not an alternative
investment fund ("AIF") for the purposes of the Alternative
Investment Fund Managers Directive ("AIFMD") and is not required to
provide investors with a Key information Document ("KID") in
accordance with the Packaged Retail and Insurance-based Investment
Products ("PRIIPs") regulations.
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.