Empiric Student Property PLC

AGM Information • May 22, 2024

National Storage Mechanism | Additional information

RNS Number : 5015P

Empiric Student Property PLC

22 May 2024

Empiric Student Property plc

("Empiric" or the "Company" or, together with its subsidiaries, the "Group")

RESULTS OF ANNUAL GENERAL MEETING

Empiric Student Property plc (ticker: ESP), the owner and operator of premium, studio-led student accommodation aligned to top-tier universities, announces that all resolutions proposed at the Company's Annual General Meeting held on 22 May 2024 were voted on and duly passed by a poll by the Company's shareholders and the results of the poll, including proxy votes received, are set out below.

Resolutions 1 to 14 (inclusive) were proposed as ordinary resolutions and resolutions 15 to 18 (inclusive) were proposed as special resolutions.

RESOLUTION	FOR*		AGAINST		WITHHELD VOTES**
	VOTES	% OF VOTES CAST*	VOTES	% OF VOTES CAST*
1.   To receive the Company's Annual Report and Accounts for the financial year ended 31 December 2023	454,756,254	99.9953	21,586	0.0047	316,535
2.   To approve the Directors' Remuneration Report for the year ended 31 December 2023	415,178,567	91.2336	39,893,651	8.7664	22,157
3.   To approve a replacement Long Term Incentive Plan	448,055,710	98.4599	7,008,386	1.5401	30,279
4.   To re-appoint BDO LLP as Auditors of the Company	448,245,594	99.9837	73,251	0.0163	6,775,530
5.   To authorise the Directors to determine the remuneration of the Auditors	455,037,108	99.9880	54,458	0.0120	2,809
6.   To authorise the Directors to declare and pay all dividends as interim dividends	454,246,539	99.9979	9,386	0.0021	838,450
7.   To re-elect Mark Pain as a Director of the Company	376,489,469	89.7282	43,099,394	10.2718	35,505,512
8.   To elect Alice Avis as a Director of the Company	449,974,665	98.8763	5,113,939	1.1237	5,771
9.   To re-elect Duncan Garrood as a Director of the Company	453,853,940	99.7288	1,234,265	0.2712	6,170
10.  To re-elect Martin Ratchford as a Director of the Company	449,976,986	98.8769	5,111,218	1.1231	6,171
11.  To re-elect Clair Preston-Beer as a Director of the Company	449,978,518	98.8771	5,110,086	1.1229	5,771
12.  To re-elect Donald Grant as a Director of the Company	451,298,409	99.1672	3,789,796	0.8328	6,170
13.  To authorise the Directors to allot shares under up to the limits set out in the Notice of meeting	438,075,450	96.2616	17,013,152	3.7384	5,773
14.  To approve the Company's two-year Climate Strategy Plan.	328,749,307	74.7764	110,893,575	25.2236	15,451,493
15. Special Resolution - To authorise  the Directors to allot equity securities for cash, without making a pre-emptive offer to shareholders, up to the limits set out in the Notice of Meeting.	419,365,759	92.1576	35,687,126	7.8424	41,490
16. Special Resolution To authorise  the Directors to allot equity securities for cash in connection with a specified investment, without making a pre-emptive offer to shareholders, up to the limits set out in the Notice of Meeting.	404,313,335	88.8814	50,577,677	11.1186	203,363
17. Special Resolution To authorise the Company to make market purchases of own shares in the Company	448,156,276	98.5026	6,812,633	1.4974	125,466
18. Special resolution - That a general meeting may be called on not less than 14 clear days' notice	437,621,390	96.1606	17,472,981	3.8394	4

* Includes discretionary votes

** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution .

As at the date of the meeting, there were 603,463,617 ordinary shares with voting rights in issue.  The Company does not hold any shares in Treasury.

The Company was disappointed with the outcome of resolution 14, regarding the advisory vote on its two-year climate related commitments. We will shortly engage with shareholders to better understand the votes received against this resolution.

In accordance with Listing Rule 9.6.2(R), a copy of the resolutions passed at the Annual General Meeting, other than those constituting ordinary business, will be available for inspection on the National Storage Mechanism at   https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

ENDS

FOR FURTHER INFORMATION ON THE COMPANY, 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 Eve Kirmatzis	empiric@fticonsulting.com

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.

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