Last checked at 23 Apr 2009 15:36
Empresaria Group plc (the "Company")
DIRECTOR'S / PDMR DEALINGS AND WINDING UP OF EEPP
The Company announces that under the terms of the its Executive Equity Participation Plan ("EEPP" or the "Plan") a total of 140,490 new ordinary shares of 5 pence each in the Company ("Ordinary Shares") have been issued to the trustee of the Company's employee benefit trust ("EBT") and will be transferred by the EBT trustee to directors and Persons Discharging Managerial Responsibilities ("PDMR") of the Company to satisfy the vesting of the 2nd awards granted under the EEPP following completion of the three year performance period ended 31 December 2008.
The holders of the 3rd awards under the EEPP (due to vest on completion of the three year performance period ending 31 December 2009) have surrendered those awards for no consideration. All Ordinary Shares placed in the EBT which were at the date of grant of the 3rd awards either already held by the EEPP participants or acquired by them for this purpose using their own funds, and which remain beneficially owned by the EEPP participants (the "Investment Shares"), will be transferred back to the respective directors and PDMRs by the trustee of the EBT. Following the surrender of the 3rd awards and return of the Investment Shares to the EEPP participants, the EBT will cease to hold any Ordinary Shares and no further awards under the EEPP will be made. Accordingly, the trustee of the EBT, which administers the EEPP, has resolved to terminate the EBT.
Following the issue of vested shares under the 2nd award and the winding up of the EBT, the participating directors and PDMRs hold the following interests in the Company's issued share capital:
| Director | Vested shares awarded under the 2nd EEPP award | Total interest over Ordinary Shares following the vesting of the 2nd award and winding up of the EBT | Total interest over Ordinary Shares as a % of the issued share capital1 |
| Tony Martin | 16,249 | 5,631,617 | 16.43 |
| Miles Hunt | 73,171 | 3,910,742 | 11.41 |
| Nicholas Hall-Palmer | 51,070 | 262,723 | 0.77 |
1 Post admission to trading on AIM of the 140,490 new Ordinary Shares
The Company also announces that application has been made to the London Stock Exchange plc for the admission to trading on AIM of the 140,490 new Ordinary Shares which will rank pari passu with the existing Ordinary Shares and dealings are expected to commence on or around 29th April 2009.
For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, following the admission of the Ordinary Shares described above, the total number of Ordinary Shares in the Company will be 34,276,721.
There are no shares held in treasury and therefore the total number of voting rights in the Company will be 34,276,721.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.
Enquiries:
| Empresaria Group plc Miles Hunt, Chief Executive Officer Stuart Kilpatrick, Group Finance Director | 01293 649 900 |
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| Singer Capital Markets Ltd Nicholas How | 020 3205 7500 |
| Richard Savage | |