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

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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