9th Sep 2013 07:00
9 September 2013
Empresaria Group plc ("Empresaria" or the "Company")
Awards pursuant to the Company's Long Term Incentive Plan ("LTIP")
The Company announces that on 6 September 2013 the Remuneration Committee of the Company granted awards in the form of nil cost share options ("Awards"), pursuant to the Company's LTIP approved by shareholders on 10 July 2008, to the executive directors over 957,746 ordinary shares of 5 pence each in the Company ("Ordinary Shares"), as follows:
Name | Position | Number of Ordinary Shares under Award |
Joost Kreulen | Chief Executive Officer | 563,380 |
Spencer Wreford | Group Finance Director | 394,366 |
The Awards were made based on a share price of 35.5 pence per Ordinary Share, being the quoted closing mid market price of the Company's Ordinary Share on the 6 September 2013. The LTIP's 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 2017, following release of the Company's preliminary results for the financial period 1 January 2016 to 31 December 2016.
For further information contact:
Empresaria Group plc 01342 711430
Joost Kreulen, Chief Executive
Spencer Wreford, Group Finance Director
Shore Capital 020 7408 4090
Bidhi Bhoma/Edward Mansfield
Related Shares:
Empresaria Group