Business
DIRECTOR'S / PDMR DEALINGS AN
DIRECTOR'S / PDMR DEALINGS AN.
About this update from Empresaria Group Plc
[{"type":"text","content":"\n RNS Number : 0660R Empresaria Group PLC 23 April 2009 \n \n\nEmpresaria Group plc (the 'Company')\n\nDIRECTOR'S / PDMR DEALINGS AND WINDING UP OF EEPP\n\n\nThe Company announces that under the terms of the its Executive Equity Participation Plan ('EEPP' or the 'Plan') a total of 140,490 new ordinary shares of 5 pence each in the Company ('Ordinary Shares') have been issued to the trustee of the Company's employee benefit trust ('EBT') and will be transferred by the EBT trustee to directors and Persons Discharging Managerial Responsibilities ('PDMR') of the Company to satisfy the vesting of the 2nd awards granted under the EEPP following completion of the three year performance period ended 31 December 2008.\n\nThe holders of the 3rd awards under the EEPP (due to vest on completion of the three year performance period ending 31 December 2009) have surrendered those awards for no consideration. All Ordinary Shares placed in the EBT which were at the date of grant of the 3rd awards either already held by the EEPP participants or acquired by them for this purpose using their own funds, and which remain beneficially owned by the EEPP participants (the 'Investment Shares'), will be transferred back to the respective directors and PDMRs by the trustee of the EBT. Following the surrender of the 3rd awards and return of the Investment Shares to the EEPP participants, the EBT will cease to hold any Ordinary Shares and no further awards under the EEPP will be made. Accordingly, the trustee of the EBT, which administers the EEPP, has resolved to terminate the EBT.\n\nFollowing the issue of vested shares under the 2nd award and the winding up of the EBT, the participating directors and PDMRs hold the following interests in the Company's issued share capital:\n\n\n\n\n\n\nDirector\n\n\nVested shares awarded under the 2nd EEPP award\n\n\nTotal interest over Ordinary Shares following the vesting of the 2nd award and winding up of the EBT\n\n\nTotal interest over Ordinary Shares as a % of the issued share ca...