Awards pursuant to the Company's LTIP

RNS Number : 2141C

Empresaria Group PLC

13 March 2014

 

13 March 2014

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

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

The Company announces that on 12 March 2014 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 657,408 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	379,630
Spencer Wreford	Group Finance Director	277,778

The Awards were made based on a share price of 54 pence per Ordinary Share, being the quoted closing mid market price of the Company's Ordinary Share on the 12 March 2014. The LTIP's performance 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 2018, following release of the Company's preliminary results for the financial period 1 January 2017 to 31 December 2017.

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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