Last checked at 19 Mar 2015 11:05
Empresaria Group plc
("Empresaria" or the "Company")
Awards pursuant to the Company's Long Term Incentive Plan ("LTIP")
19 March 2015
Empresaria announces that on 18 March 2015 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 28 September 2011 pursuant to the Company's Long Term Incentive Plan ("LTIP").
The LTIP's performance criteria were based on EPS and share price performance over the holding period to March 2015, following release of the Company's preliminary results for the financial year ended 31 December 2014. 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 2013.
The calculations to determine the vesting percentage of the Awards showed that the performance conditions had been satisfied in full and that the Awards had vested in respect of 100% 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 | 720,000 | 720,000 |
Spencer Wreford | Group Finance Director | 500,000 | 500,000 |
Enquiries:
Empresaria Group plc Joost Kreulen, Chief Executive Officer Spencer Wreford, Group Finance Director
| via Redleaf |
Shore Capital (Nominated Adviser and Broker)Bidhi Bhoma / Edward Mansfield | 020 7408 4090 |
Redleaf PR (Financial PR)Rebecca Sanders Hewett / Rachael Brown | 020 7382 4730 empresaria@redleafpr.com |
Notes for editors:
§ Empresaria Group plc is an international specialist staffing group with 18 brands operating in 18 countries across the globe including UK, Germany, Japan, Indonesia, China, India, Chile, Thailand, Singapore, Finland, UAE and Australia.
§ The Group offers both temporary and permanent staffing solutions in several sectors including Financial, IT Digital & Design, Technical & Industrial 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: http://www.empresaria.com/