Awards pursuant to the Company's LTIP

RNS Number : 4743N

Empresaria Group PLC

09 September 2013

 

9 September 2013

Empresaria Group plc ("Empresaria" or the "Company")

Awards pursuant to the Company's Long Term Incentive Plan ("LTIP")

The Company announces that on 6 September 2013 the Remuneration Committee of the Company granted awards in the form of nil cost share options ("Awards"), pursuant to the Company's LTIP approved by shareholders on 10 July 2008, to the executive directors over 957,746 ordinary shares of 5 pence each in the Company ("Ordinary Shares"), as follows:

Name	Position	Number of Ordinary Shares under Award
Joost Kreulen	Chief Executive Officer	563,380
Spencer Wreford	Group Finance Director	394,366

The Awards were made based on a share price of 35.5 pence per Ordinary Share, being the quoted closing mid market price of the Company's Ordinary Share on the 6 September 2013. The LTIP's criteria are based on EPS and share price performance.

Vesting of the Awards is subject to the achievement of the performance criteria of the LTIP over the holding period to March 2017, following release of the Company's preliminary results for the financial period 1 January 2016 to 31 December 2016.

For further information contact: 

Empresaria Group plc                                                    01342 711430

Joost Kreulen, Chief Executive

Spencer Wreford, Group Finance Director 

Shore Capital                                                                     020 7408 4090 

Bidhi Bhoma/Edward Mansfield

 

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