Awards pursuant to the Company's LTIP

RNS Number : 2124S

Empresaria Group PLC

16 March 2016

 

16 March 2016

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

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

The Company announces that on 15 March 2016 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 437,855 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	244,892
Spencer Wreford	Group Finance Director	192,963

The Awards were made based on a share price of 88.1 pence per Ordinary Share, being the average quoted closing mid market price of the Company's Ordinary Share on the five trading days following the release of the final results from 2 March 2016 to 8 March 2016. 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 2019, following release of the Company's preliminary results for the financial period 1 January 2018 to 31 December 2018.

Enquiries:

Empresaria Group plc Joost Kreulen, Chief Executive Officer Spencer Wreford, Group Finance Director	via Redleaf Communications
Arden Partners (Nominated Adviser and Broker) John Llewellyn-Lloyd / Steve Douglas / Ciaran Walsh	020 7614 5900
Redleaf Communications (Financial PR) Rebecca Sanders Hewett / Sarah Fabietti / Harriet Lynch	020 7382 4730 [e-mail]

Notes for editors:

§ Empresaria Group plc is an international specialist staffing group with 19 brands operating in 18 countries across the globe including UK, Germany, Japan, India, UAE, Indonesia, Chile, Australia, Thailand, Singapore, Finland, USA and the Philippines.

§ The Group offers temporary and permanent staffing solutions as well as Offshore Recruitment Services in six key sectors including Technical & Industrial, IT & Design, Professional Services, Healthcare 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: empresaria.com

 

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