Empresaria Group PLC Vesting of Awards pursuant to the Company's LTIP (1229I)
19 March 2018 - 8:26PM
UK Regulatory
TIDMEMR
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 Number of Ordinary Shares
the Awards vested under the Awards
----------------- -------------------------------- -------------------------------- -------------------------------
Joost Kreulen Chief Executive Officer 379,630 49,774
----------------- -------------------------------- -------------------------------- -------------------------------
Chief Operating Officer and
Spencer Wreford Group Finance Director 277,778 36,420
----------------- -------------------------------- -------------------------------- -------------------------------
Enquiries:
Empresaria Group plc via Alma PR
Joost Kreulen, Chief Executive
Officer
Spencer Wreford, Group Finance
Director and Chief Operating Officer
Arden Partners (Nominated Adviser
and Broker)
John Llewellyn-Lloyd / Steve Douglas
/ Ciaran Walsh 020 7614 5900
Alma PR (Financial PR) 020 8004 4217
Rebecca Sanders-Hewett 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 Initial notification
/Amendment
--- -------------------------- ----------------------------------
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 Vesting of options to acquire
financial instrument, Empresaria Group plc 5p ordinary
type of instrument shares
Identification code 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 86,194
- Price 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
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