Empresaria Group PLC Vesting of Awards pursuant to the Company's LTIP (1229I)

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                  [e-mail] 
 

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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March 19, 2018 05:26 ET (09:26 GMT)