Vesting of Awards pursuant to the Company's LTIP

RNS Number : 1229I
Empresaria Group PLC
19 March 2018
 

19 March 2018

 

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 19 March 2018 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 12 March 2014 pursuant to the Company's LTIP.

 

The LTIP's performance criteria were based on EPS and share price performance over the holding period to 15 March 2018, following release of the Company's preliminary results for the financial year ended 31 December 2017.  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 2015.

 

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 13.11% of the Ordinary Shares under each Award.  

 

Director / PDMR

Position

Number of Ordinary Shares under the Awards

Number of Ordinary Shares vested under the Awards

Joost Kreulen

Chief Executive Officer

379,630

49,774

Spencer Wreford

Chief Operating Officer and Group Finance Director

277,778

36,420

 

Enquiries:

 

Empresaria Group plc
Joost Kreulen, Chief Executive Officer
Spencer Wreford, Group Finance Director and Chief Operating Officer

via Alma PR

Arden Partners (Nominated Adviser and Broker)
John Llewellyn-Lloyd / Steve Douglas / Ciaran Walsh

020 7614 5900

Alma PR (Financial PR)
Rebecca Sanders-Hewett

020 8004 4217
empresaria@almapr.com

 

Notes for editors:

 

§ Empresaria Group plc is an international specialist staffing group with 18 brands operating in 20 countries across the globe including UK, Germany, Japan, India, UAE, Indonesia, Chile, Australia, Thailand, Singapore, Finland, USA, New Zealand, China, Malaysia, Vietnam and the Philippines.

 

§ Empresaria offers temporary/contract and permanent staffing solutions as well as Offshore Recruitment Services in seven key sectors, being 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 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. Chief Operating Officer and 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. 49,774

B.   B. 36,420

d)

Aggregated information

- Aggregated volume

- Price

 

86,194

Nil

e)

Date of the transaction

19 March 2018

f)

Place of the transaction  

Outside a trading venue

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHGGUAPWUPRUBB
UK 100