Empresaria Group PLC Vesting of Awards pursuant to the Company's LTIP (4455K)

TIDMEMR

RNS Number : 4455K

Empresaria Group PLC

13 December 2018

13 December 2018

Empresaria Group plc ("Empresaria" or the "Company")

Awards pursuant to the Company's Long Term Incentive Plan ("LTIP")

Empresaria, the international specialist staffing group, announces that on 13 December 2018 the Remuneration Committee of the Company granted awards in the form of nil cost share options ("Awards"), pursuant to the Company's LTIP, to the following senior executive of the Company over 227,108 ordinary shares of 5 pence each in the Company ("Ordinary Shares"), as follows:

 
 Name            Position                   Number of Ordinary Shares 
                                                          under Award 
 Rhona Driggs    Chief Operating Officer                      227,108 
                -------------------------  -------------------------- 
 

The Awards, made on the same terms as those announced on 28 August 2018, are based on a share price of GBP0.86 per Ordinary Share, being the average quoted closing mid market price of the Company's Ordinary Share on the five trading days from 15 March 2018 to 21 March 2018. The LTIP's performance criteria are based on EPS and share price performance.

Vesting of the Awards is subject to the achievement of the performance criteria of the LTIP over the holding period to March 2021, following release of the Company's preliminary results for the financial period 1 January 2020 to 31 December 2020.

Enquiries:

 
 Empresaria Group plc                         via Alma PR 
  Spencer Wreford, Chief Executive Officer 
  Tim Anderson, Group Finance Director 
 Arden Partners (Nominated Adviser and 
  Broker) 
  John Llewellyn-Lloyd / Ciaran Walsh         020 7614 5900 
 Alma PR (Financial PR)                       020 8004 4217 
  Rebecca Sanders-Hewett / Sam Modlin          [e-mail] 
  / Susie Hudson 
 

Notes for editors:

-- Empresaria Group plc is an international specialist staffing group with 19 brands operating in 21 countries across the globe including the UK, Germany, Japan, India, UAE, Indonesia, Chile, Australia, Thailand, Singapore, Finland, USA, New Zealand, China, Malaysia, Vietnam, the Philippines and Peru.

-- 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 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. Rhona Driggs 
 2    Reason for the notification 
 a)   Position/status                  A. Chief Operating Officer 
 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 financial      Grant of share options to acquire Empresaria 
       instrument, type of instrument    Group plc 5p ordinary shares 
       Identification code               ISIN for Empresaria Group plc 5p ordinary 
                                         shares: GB00B0358N07 
 b)   Nature of the transaction         Grant of nil cost share options under 
                                         the Empresaria Group plc 2018 Long Term 
                                         Incentive Plan 
 c)   Price(s) and volume(s)            Price (exercise): Nil 
                                         Volume(s): 227,108 
 d)   Aggregated information 
       - Aggregated volume                227,108 
       - Price                            Nil 
 e)   Date of the transaction           13 December 2018 
 f)   Place of the transaction          Outside a trading venue 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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(END) Dow Jones Newswires

December 13, 2018 11:48 ET (16:48 GMT)