Awards pursuant to the Company's LTIP

RNS Number : 5458P

Empresaria Group PLC

04 October 2011

 

Empresaria Group plc

("Empresaria" or the "Company")

Awards pursuant to the Company's Long Term Incentive Plan

The Company announces that on 3^rd October 2011, the following director and senior executive accepted offers from the Remuneration Committee of the Company's Board of conditional nil cost share options ("Awards") over ordinary shares of 5 pence each in the Company ("Ordinary Shares"), pursuant to the Company's Long Term Incentive Plan ("LTIP") which was approved by shareholders on 10^th July 2008:

Name	Number of LTIP options
Spencer Wreford (Group Finance Director)	500,000
Joost Kreulen (Chief Executive elect)	720,000

Vesting of the Awards is subject to the achievement of the earnings per share and share price performance criteria of the LTIP, set by the Remuneration Committee, over the Award holding period to 31^st March 2015.

Further details of the Awards will be contained in the Company's report and accounts for the year ending 31^st December 2011.

For further information contact: 

Empresaria Group plc                                                 01342 711430

Miles Hunt, Chief Executive 

Spencer Wreford, Group Finance Director 

Altium                                                                         0207 484 4040 

Tim Richardson

 

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