Awards pursuant to the Company's LTIP

RNS Number : 5727Z

Empresaria Group PLC

15 March 2017

 

15 March 2017

Empresaria Group plc

("Empresaria" or the "Company")

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

Empresaria, the international specialist staffing group, announces that on 15 March 2017 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 6 September 2013 pursuant to the Company's LTIP.

The LTIP's performance criteria were based on EPS and share price performance over the holding period to 2 March 2017, following release of the Company's preliminary results for the financial year ended 31 December 2016.  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 2014.

The calculations to determine the vesting percentage of the Awards showed that the performance conditions had been partially satisfied and that the Awards had vested in respect of 70.6% 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	563,380	397,964
Spencer Wreford	Group Finance Director	394,366	278,575

Enquiries:

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

Notes for editors:

§ Empresaria Group plc is an international specialist staffing group with 21 brands operating in 19 countries across the globe including the UK, Germany, Japan, India, UAE, Indonesia, Chile, Australia, Thailand, Singapore, Finland, USA, New Zealand, China, Malaysia and the Philippines.

§ Empresaria offers temporary/contract and permanent staffing solutions as well as Offshore Recruitment Services in seven key sectors: Technical & Industrial, Aviation Services, IT & Design, Professional Services, Healthcare, Executive search and Retail.

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

§ Empresaria is listed on AIM under ticker EMR. For more information: empresaria.com

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	A.   A. Joost Kreulen B.   B. Spencer Wreford
2	Reason for the notification
a)	Position/status	A.   A. Chief Executive Officer B.   B. Group Finance Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Empresaria Group plc
b)	LEI	213800B2HE4EMMM7B313
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Vesting of options to acquire Empresaria Group plc 5p ordinary shares   ISIN for Empresaria Group plc 5p ordinary shares: GB00B0358N07
b)	Nature of the transaction	Vesting of nil cost share options under the Empresaria Group plc 2008 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price (exercise): Nil Volume(s): A.   A. 397,964 B.   B. 278,575
d)	Aggregated information - Aggregated volume - Price	676,539 Nil
e)	Date of the transaction	15 March 2017
f)	Place of the transaction	Outside a trading venue

 

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