Grant of SAYE Options and PDMR Shareholdings

RNS Number : 3276O

Parity Group PLC

16 May 2018

 

16 May 2018

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

Grant of Options under SAYE Scheme

Director/PDMR Shareholdings

The Board of Parity (AIM:PTY), the technology focussed consultancy and staffing business announces that as part of the Company's approved Save As You Earn ("SAYE") Scheme the following options to subscribe for ordinary shares of 2 pence each in the Company ("Ordinary Shares") were granted on 15 May 2018.

Under the Company's 2018 SAYE scheme (the "2018 SAYE"), which was made available to all Parity employees, a total of 41 employees of the Company, including two PDMR's, have applied to participate, resulting in the grant of options to subscribe for an aggregate of 2,271,240 Ordinary Shares (the "2018 SAYE Options").

The 2018 SAYE Options each have an exercise price, calculated in accordance with the rules of the 2018 Scheme, of 10.0 pence (representing a discount of 6 per cent. to the average closing mid-market price per Ordinary Share on 19 April 2018, being the last practicable day prior to the invitation to participate in the 2018 SAYE being made).  Subject to the rules of the 2018 SAYE, participants will be able to exercise their 2018 SAYE Options within 6 months commencing from 15 May 2021.

Pursuant to the 2018 SAYE, the following PDMRs of the Company applied to participate, and have been granted 2018 SAYE Options in the amounts shown below:

PDMR	SAYE Options
Andrew Foskett, MD of Professionals	90,000
Andrew Ogg, MD of Consultancy Services	90,000

Contacts:

Parity Group PLC                                                                                                    www.parity.net

Alan Rommel, CEO                                                                                                                       + 44 (0) 208 543 5353

Roger Antony, GFD

WH Ireland Limited                                                                                    www.whirelandcb.com

Mike Coe / Ed Allsopp                                                                                                                 [phone]

MHP Communications                                                                                                                   [e-mail]

Katie Hunt / Kelsey Traynor                                                                                                       [phone]

The notifications below, made in accordance with the EU Market Abuse Regulation, provide further details in relation to the grant of 2018 SAYE Options to the PDMRs:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Foskett
2	Reason for the notification
a)	Position/status	MD of Parity Professionals
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 SAYE scheme
c)	Price(s) and volume(s)	Option Price(s) Volume(s) 10.0p 90,000
d)	Aggregated information - Aggregated volume - Price	90,000 £9,000.00
e)	Date of the transaction	15 May 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Ogg
2	Reason for the notification
a)	Position/status	MD of Consultancy Services
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 SAYE scheme
c)	Price(s) and volume(s)	Option Price(s) Volume(s) 10.0p 90,000
d)	Aggregated information - Aggregated volume - Price	90,000 £9,000.00
e)	Date of the transaction	15 May 2018
f)	Place of the transaction	Outside a trading venue

 

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