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ESP

-0.23%
NEUTRAL

Empiric Student Property Retracts Unsupported Statements

Why we think this is neutral

This Clarification Statement from Empiric Student Property does not contain any substantive news about the company's trading, financials, or operations. The RNS simply retracts certain statements made by the company during a meeting, which were not properly prepared or supported. While this suggests potential issues with the company's internal controls and communication practices, the overall impact on the business is unclear. Therefore, a neutral sentiment score is appropriate in this case.

Key Points

  • Empiric retracts statements made during investor meeting
  • Statements on cost synergies and CMA review were not properly prepared
  • Company advises shareholders to disregard the retracted statements

Summary

The property company has retracted statements made during a recent investor meeting, acknowledging they were not properly compiled or supported.

Empiric Student Property has issued a Clarification Statement to retract certain statements made by the company during a recent investor meeting. The statements, regarding potential cost synergies and CMA review, were not properly prepared or supported by the company's reporting and advisers. The company has advised shareholders to disregard the statements entirely.

GENERAL UPDATE