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
empresaria@redleafpr.com

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

 


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