TIDMESP

RNS Number : 1335D

Empiric Student Property PLC

17 February 2020

17 February 2020

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 "Board"), the owner and operator of premium student accommodation across the UK, has declared a dividend of 1.25 pence per Ordinary Share in respect of the quarter ended 31 December 2019, payable on 20 March 2020 to all Ordinary Shareholders on the register on 28 February 2020. The ex-dividend date will be 27 February 2020.

0.85 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 0.40 pence will be paid as an Ordinary UK dividend ("non-PID").

The Board is targeting an aggregate dividend of 5.0 pence per share for the year to 31 December 2019. (1)

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 M aitland/AMO below) 
 Tim Attlee (Chief Executive Officer) 
 Lynne Fennah (Chief Financial & Operating 
  Officer) 
 
 Jefferies International Limited             Tel: 020 7029 8000 
 Philip Noblet 
 Gary Gould 
 
 RBC Europe Limited (trading as RBC          Tel: 020 7653 4000 
  Capital Markets) 
 Charlie Foster 
  Marcus Jackson 
 
 M aitland/AMO (Communications Adviser)      Tel: 020 7379 5151 
 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, 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

February 17, 2020 02:00 ET (07:00 GMT)

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