Rathbones Group Plc Discloses 2.77% Stake in Empiric Student Property Plc
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 22h ago
0mins
Source: Globenewswire
- Stake Disclosure: Rathbones Group Plc has disclosed a 2.77% stake in Empiric Student Property Plc, indicating its investment interest in the sector, which may influence market confidence in the company.
- Transaction Details: Rathbones sold 3,880 shares and 11,170 shares of ordinary stock at prices of 77.01 pence and 77.72 pence respectively, reflecting its strategy to respond to short-term market fluctuations.
- Regulatory Compliance: This disclosure adheres to Rule 8.3 of the Takeover Code, ensuring transparency and maintaining market fairness, which could affect investor trust in Rathbones.
- Market Impact: The disclosure of Rathbones' stake may attract attention from other investors, potentially driving price volatility for Empiric Student Property and impacting its market performance.
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.
