13th Mar 2014 08:00
13 March 2014
Empresaria Group plc ("Empresaria" or the "Company")
Awards pursuant to the Company's Long Term Incentive Plan ("LTIP")
The Company announces that on 12 March 2014 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 657,408 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 | 379,630 |
Spencer Wreford | Group Finance Director | 277,778 |
The Awards were made based on a share price of 54 pence per Ordinary Share, being the quoted closing mid market price of the Company's Ordinary Share on the 12 March 2014. 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 2018, following release of the Company's preliminary results for the financial period 1 January 2017 to 31 December 2017.
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