Awards pursuant to the Company's LTIP

RNS Number : 8994H

Empresaria Group PLC

19 March 2015

 



Empresaria Group plc

("Empresaria" or the "Company")

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

19 March 2015

Empresaria announces that on 18 March 2015 the Remuneration Committee of the Company approved the vesting of awards granted in the form of nil cost options ("Awards") over ordinary shares of 5 pence each in the Company ("Ordinary Shares"), in relation to Awards granted to the executive directors on 28 September 2011 pursuant to the Company's Long Term Incentive Plan ("LTIP").

The LTIP's performance criteria were based on EPS and share price performance over the holding period to March 2015, following release of the Company's preliminary results for the financial year ended 31 December 2014.  Further details of the Awards and the associated performance criteria were contained in the Company's annual report and accounts for the year ended 31 December 2013.

The calculations to determine the vesting percentage of the Awards showed that the performance conditions had been satisfied in full and that the Awards had vested in respect of 100% of the Ordinary Shares under each Award.  

Name	Position	Number of Ordinary Shares under the Awards	Number of Ordinary Shares vested under the Awards
Joost Kreulen	Chief Executive Officer	720,000	720,000
Spencer Wreford	Group Finance Director	500,000	500,000

Enquiries:

Empresaria Group plc Joost Kreulen, Chief Executive Officer Spencer Wreford, Group Finance Director	via Redleaf
Shore Capital (Nominated Adviser and Broker) Bidhi Bhoma / Edward Mansfield	020 7408 4090
Redleaf PR (Financial PR) Rebecca Sanders Hewett / Rachael Brown	020 7382 4730 [e-mail]

Notes for editors:

§ Empresaria Group plc is an international specialist staffing group with 18 brands operating in 18 countries across the globe including UK, Germany, Japan, Indonesia, China, India, Chile, Thailand, Singapore, Finland, UAE and Australia.

§ The Group offers both temporary and permanent staffing solutions in several sectors including Financial, IT Digital & Design, Technical & Industrial and Retail.

§ Empresaria applies a multi brand, management equity philosophy and business model, with Group company management teams holding significant equity in their own business.

§ The Group is listed on AIM under ticker EMR. For more information: http://www.empresaria.com/

 

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