AXA Investment Managers Declares Position in Empiric Student Property

AXA Investment Managers Updates Shareholding in Empiric Student Property
AXA Investment Managers S.A. has officially made a public disclosure regarding its position in Empiric Student Property plc. This reflects the firm's ongoing strategic engagements in the student housing market, signaling confidence in the sector's potential.
Key Details of the Disclosure
The disclosure contains vital information about AXA Investment Managers' stake in the relevant securities of Empiric Student Property. Notably, AXA now holds a substantial interest in the company, owning 21,453,365 shares, which accounts for approximately 3.23% of the total equity.
About the Relevant Securities
AXA Investment Managers disclosed that their interests encompass shares of 1p ordinary stock. The firm is committed to transparency, revealing that despite holding a majority of shares, they do not have discretion over voting decisions for 4,217,358 of those shares.
Details on Current Positions
It's essential to highlight that AXA's latest dealings showcase robust activity. The firm recently conducted sales, offloading 89,198 shares at a price of GBP 0.92 each. These transactions underscore a proactive approach to managing their investments within the student housing sector.
Significance of the Transaction
Such sales are strategic, indicating AXA Investment Managers' assessment of market conditions and its intent to optimize its portfolio performance. The ongoing commitment to maintain a significant stake in Empiric Student Property points to their belief in the sector's resilience and growth potential.
Compliance with Regulatory Standards
The disclosure complies with the requirements of the Takeover Code, ensuring that all necessary details regarding interests and dealings are made public. Transparency in such transactions bolsters market integrity and provides stakeholders with critical insights.
Contact Information
For additional inquiries regarding the disclosure, interested parties can reach out to Fanny Brunel De Bonneville at AXA Investment Managers, who is available at +33 7 81 92 06 32. This connection enhances communication between the firm and its stakeholders.
Frequently Asked Questions
What is the significance of AXA Investment Managers' disclosure?
This disclosure highlights AXA's substantial interest in Empiric Student Property plc, reflecting confidence in the student housing market.
How many shares does AXA currently hold in Empiric Student Property?
AXA Investment Managers holds 21,453,365 shares, representing 3.23% of the total equity of Empiric Student Property plc.
What recent transactions has AXA undertaken?
AXA recently sold 89,198 shares at a price of GBP 0.92 each, showcasing active portfolio management.
Who can I contact for more information regarding the disclosure?
You can reach out to Fanny Brunel De Bonneville at AXA Investment Managers via phone at +33 7 81 92 06 32.
Why is transparency important in such disclosures?
Transparency ensures regulatory compliance and offers stakeholders a clear view of the firm's investment strategies and market engagements.
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