Director/PDMR Shareholding - Options Grant

RNS Number : 3734G

Parity Group PLC

25 November 2020

 

25 November 2020

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

Grant of Options to Directors/PDMRs

The Board of Parity (AIM:PTY), the technology focussed professional services business, announces that it has awarded Michael Johns, Chief Financial Officer, options over 2,000,000 ordinary shares of 2 pence each in the Company ("the Share Options"). The Share Options were granted on 24 November 2020 and represent approximately 1.9% of the Company's current issued share capital.

The Share Options each have an exercise price, calculated in accordance with the rules of the Parity Group 2019 EMI Options Plan, of 7.88 pence, being the closing mid-market price per ordinary share on 23 November 2020.

The Share Options will vest after 3 years and are subject to the following performance conditions:

· One third of each individual grant of Share Options will be exercisable if the share price achieves or exceeds 12.0 pence for a period of at least five consecutive trading days at any time during the vesting period;

· One third of each individual grant of Share Options will be exercisable if the share price achieves or exceeds 15.0 pence for a period of at least five consecutive trading days at any time during the vesting period; and

· One third of each individual grant of Share Options will be exercisable if the share price achieves or exceeds 18.0 pence for a period of at least five consecutive trading days at any time during the vesting period.

Contacts:

Parity Group plc   www.parity.net

Matthew Bayfield, CEO  0208 171 1729

WH Ireland Limited  www.whirelandcb.com

Mike Coe / Chris Savidge  0207 220 1666

Donhead Consultants  

David Beck  [phone]

The notifications below, made in accordance with the EU Market Abuse Regulation, provide further details in relation to the grant of the Share Options to the PDMRs:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Johns
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Parity Group plc
b)	LEI	213800YEHAYBJ63OHB38
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 instrument, type of instrument Identification code	Ordinary shares of 2p each GB00B1235860
b)	Nature of the transaction	Grant of options to subscribe for new ordinary shares under the Company's 2019 EMI Option Plan.
c)	Price(s) and volume(s)	Option Price(s) Volume(s) 7.88p 2,000,000
d)	Aggregated information - Aggregated volume - Price	2,000,000 £157,600.00
e)	Date of the transaction	24 November 2020
f)	Place of the transaction	Outside a trading venue

 

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