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Empiric Student Property plc announced nil-cost option awards to two directors on 26 January 2026. CEO Duncan Garrood received nil-cost option awards for 926,809 ordinary shares at nil-cost and 5,738 ordinary shares at a price of 69.7 pence. CFO Donald Grant received a nil-cost option award for 97,550 ordinary shares at nil-cost.
| Date | 26 Jan 2026 |
| Time | 14:53:37 |
| Category | Director/PDMR dealings |
| ID | 4112Q |
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries, the "Group")
Long-Term Incentive Plan option awards & SAYE option plan exercise
PDMR Notification
Empiric Student Property plc (ticker: ESP), the owner and operator of premium, studio-led student accommodation aligned to top-tier universities, announces the following awards to persons discharging managerial responsibilities:
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name |
Duncan Garrood |
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2
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Reason for the notification
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a)
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Position/status
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Director/Chief Executive Officer |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Empiric Student Property plc |
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b)
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LEI
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213800FPF38IBPRFPU87 |
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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Transaction 1 |
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a)
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Description of the financial instrument, type of instrument |
Nil cost options over ordinary shares of 1p each |
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Identification code |
GB00BLWDVR75 |
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b)
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Nature of the transaction
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Nil cost option award |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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Nil-cost option |
926,809 |
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d)
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Aggregated information |
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- Aggregated volume |
926,809 |
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- Price |
Nil-cost |
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e)
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Date of the transaction |
26 January 2026 |
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f)
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Place of the transaction |
London |
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Transaction 2 |
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a)
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Description of the financial instrument, type of instrument |
Nil cost options over ordinary shares of 1p each |
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Identification code |
GB00BLWDVR75 |
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b)
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Nature of the transaction |
Nil cost option award |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
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- Aggregated volume |
5,738 |
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- Price |
69.7 pence
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e)
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Date of the transaction |
26 January 2026 |
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f) |
Place of the transaction |
London |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name |
Donald Grant |
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2
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Reason for the notification
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a)
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Position/status
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Director/Chief Financial and Sustainability Officer |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Empiric Student Property plc |
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b)
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LEI
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213800FPF38IBPRFPU87 |
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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a)
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Description of the financial instrument, type of instrument |
Nil cost options over ordinary shares of 1p each |
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Identification code |
GB00BLWDVR75 |
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b)
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Nature of the transaction
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Nil cost option award |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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Nil-cost option |
97,550 |
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d)
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Aggregated information |
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- Aggregated volume |
97,550 |
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- Price |
Nil-cost |
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e)
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Date of the transaction |
26 January 2026 |
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f)
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Place of the transaction |
London |
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FOR FURTHER INFORMATION, PLEASE CONTACT:
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Empiric Student Property plc |
(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 Dido Laurimore Eve Kirmatzis |
020 3727 1000
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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 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. The Company is classified as a commercial company listed under chapter 6 of 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.