Rathbones Group Plc Discloses 2.54% Stake in Empiric Student Property Plc
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 20h ago
0mins
Source: Globenewswire
- Stake Disclosure: Rathbones Group Plc has disclosed a 2.54% stake in Empiric Student Property Plc, indicating its investment intentions which may influence market attention towards the stock.
- Transaction Details: Rathbones sold 39,800 shares at 78.35 pence and 24,717 shares at 78.425 pence, reflecting its sensitivity to market pricing and potential liquidity strategies.
- Regulatory Compliance: This disclosure adheres to Rule 8.3 of the Takeover Code, ensuring transparency and maintaining market fairness, which could positively impact investor confidence.
- Future Outlook: The changes in Rathbones' holdings may signal its strategic assessment of Empiric's future, prompting investors to monitor subsequent actions to gauge market trends.
Analyst Views on ESP
About ESP
Espey Mfg. & Electronics Corp. is primarily engaged in the business of development, design, and production of specialized military and industrial power supplies/transformers. The Company is a manufacturer of power conversion, advanced magnetics and build to specifications provided by the customer build to print products for the rugged industrial and military marketplace. Its primary products are power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, uninterruptible power supply (UPS) systems, and antennas. The applications of these products include alternating current (AC) and direct current (DC) locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power. The Company produces individual components (including inductors), populates printed circuit boards, fabricates metalwork, paints, wires, qualifies, and fully tests items, mechanically, electrically and environmentally, in house.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
