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RNS

Dividend Declaration

Released 07:00 04-Jul-2017

RNS Number : 0008K
Empiric Student Property PLC
04 July 2017
 

4 July 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 30 June 2017, payable on or around 1 August 2017 to Ordinary Shareholders on the register on 21 July 2017. The ex-dividend date will be 20 July 2017.

 

1.098 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 0.427 pence will be paid as an ordinary UK dividend ("non-PID").

 

The Board is targeting a dividend of 6.1p per share for the year to 31 December 2017.  It is anticipated that the dividend for the year ending 31 December 2017 and going forward will be substantially covered by adjusted EPRA earnings per share.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 Newgate below)

Paul Hadaway (Chief Executive)


Tim Attlee (Chief Investment Officer)


Lynne Fennah (Chief Financial Officer)




Akur Limited (Joint Financial Adviser)

Tel: 020 7493 3631

Tom Frost


Anthony Richardson


Siobhan Sergeant


 

 

Jefferies International Limited (Joint Financial Adviser and Broker)

Tel: 020 7029 8000

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® 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
 
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Dividend Declaration - RNS