Understanding Empiric Student Property Plc: Key Disclosure Insights
Key Information on Empiric Student Property Plc
This article provides essential insights into the disclosure details of Empiric Student Property Plc as reported by Rathbones Group Plc. Understanding these disclosures can be crucial for investors and stakeholders, especially those holding or interested in relevant securities representing 1% or more of the total.
Disclosure Overview
In compliance with Rule 8.3 of the Takeover Code, it’s vital to present key information regarding the securities held. Rathbones Group Plc, the discloser, has maintained a notable position in Empiric Student Property Plc, indicating a percentage ownership of 4.40% from the total shares held.
Positions Held
Notably, Rathbones Group Plc is not only invested in Empiric Student Property Plc but is also involved with other parties related to this investment action. The latest report highlights the position held prior to the date of disclosure, which is of significance for market assessments.
Interests and Securities
The running total of relevant securities sums up to 29,226,212 1p ordinary shares. This total expresses the complete picture of securities held and showcases the strategic importance of the interests Rathbones has in relation to the company. This level of interest potentially impacts investment decisions made by both new and existing investors.
Transactions Made
There were recent transactions that involved sales of shares, with several noteworthy sales recorded. Rathbones Group Plc made several sales of the 1p ordinary shares, including:
- 18,223 shares at a price of 91.71p each.
- Another sale of 14,530 shares at a subsequent price of 91.91p each.
These sales indicate ongoing market activity and adaptability of Rathbones' investment strategy in light of current market conditions.
Additional Information Regarding Derivative Transactions
In regards to derivatives, there have been no reported cash-settled transactions or stock-settled derivatives that might impact the valuation of the securities. This steadiness in derivative dealings suggests a deliberate strategy focused on core investments without engaging in speculative practices.
Future Prospects
The future outlook for Empiric Student Property Plc will rely heavily on the market’s reaction to the ongoing disclosures and the stability of the securities involved. Investors are keen on watching how Rathbones Group Plc manages its holdings amidst the ever-evolving market landscape.
Contact and Further Actions
For those wanting to delve deeper into these disclosures, Chinwe Enyi in the Compliance Department can be contacted at 0151 243 7053 for inquiries. Such connections facilitate a better understanding of compliance and disclosure dynamics.
Frequently Asked Questions
What is Empiric Student Property Plc?
Empiric Student Property Plc is an investment company focused on acquiring, developing, and managing student accommodation across the UK.
Who is Rathbones Group Plc?
Rathbones Group Plc is a prominent investment management company responsible for managing investments, including significant holdings in companies such as Empiric Student Property Plc.
What does Rule 8.3 of the Takeover Code specify?
Rule 8.3 mandates public disclosure of interests in securities representing 1% or more, ensuring transparency in ownership and positions.
How can I contact the Compliance Department?
You can contact Chinwe Enyi at 0151 243 7053 for compliance-related inquiries regarding disclosures.
What is the stock ticker for Rathbones Group Plc?
The stock ticker for Rathbones Group Plc is LSE:RAT, which is important for tracking its market performance and holdings related to Empiric Student Property Plc.
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