REG - Empiric Student Prop - Dividend Declaration

Empiric Student PropertyAnnouncement

15/08/2024 07:15

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RNS Number : 5049A  Empiric Student Property PLC  15 August 2024

 
 
 

 

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:

 

 •    The dividend will be paid on                   20 September 2024
 •    Payable to shareholders on the register as at  06 September 2024
 •    The ex-dividend date will be                   05 September 2024

 

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:

 Empiric Student Property plc                                 (via FTI Consulting below)
 Duncan Garrood (Chief Executive Officer)
 Donald Grant (Chief Financial & Sustainability Officer)

 FTI Consulting  (Communications Adviser)                     020 3727 1000
 Dido Laurimore                                               empiric@fticonsulting.com

 Eve Kirmatzis

The Company's LEI is 213800FPF38IBPRFPU87.

 

Further information on Empiric can be found on the Company's website at
www.empiric.co.uk (http://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.

 

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