Empiric Student Ppty

Empiric Student Property has allocated nil-cost options to two executives under its Long-Term Incentive Plan. CEO Duncan Garrood received 926,809 nil-cost options plus 5,738 options at 69.7 pence each; Donald Grant was granted 97,550 nil-cost options. The allocation took place on 26 January 2026 and was published as a required notification under PDMR rules. » Więcej na de.investing.com

Empiric Student Property has achieved an occupancy rate of 89% for the 2025/26 academic year and reports like-for-like rent growth of 4.5%, in line with guidance. Since 9 September bookings have slowed, primarily due to a decline in Chinese students and regional supply-demand imbalances in Nottingham, Sheffield and Glasgow. The company completed three refurbishment projects, sold Pavilion Court for £7.5m, reports an LTV of 27.3% and cash and facilities of £101.8m, and confirms a dividend target of 3.7p; the proposed takeover by The Unite Group is under CMA review and, if conditions are met, is expected to take effect in H1 2026. » Więcej na de.investing.com

Empiric Student Property has sent the Scheme Document to shareholders and convened a court meeting and a general meeting for 6 October to vote on the proposed takeover by Unite. The board unanimously recommends voting in favour of the combined cash-and-share offer; participating directors with small holdings have already committed to vote in favour. For the scheme to be effective, a majority in number of shareholders and at least 75% of the value of shares represented are required; completion, subject to further conditions, is expected in the first half of 2026 and will result in Empiric being delisted. » Więcej na de.investing.com