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Parity Group PLC (PTY)

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Thursday 26 September, 2019

Parity Group PLC

Grant of Options

RNS Number : 8606N
Parity Group PLC
26 September 2019
 

26 September 2019

 

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

Grant of Options to Directors/PDMRs

 

The Board of Parity (AIM:PTY), the technology focussed consultancy and staffing business announces that the Board has issued options over an aggregate of 1,000,000 ordinary shares of 2 pence each in the Company ("Share Options"). The Share Options were granted on 25 September 2019 on the recommendation of the Remuneration Committee, and represent approximately 1.0% of the Company's current issued share capital.

 

Andrew Foskett, Group Operations Director, Antoni Acuna MBE, Head of Consulting, Dianne Martin, Head of Learning and Development Practice, and Chris Jones, Commercial Director, have each been awarded 250,000 Share Options.

 

The Share Options each have an exercise price, calculated in accordance with the rules of the Parity Group 2019 EMI Options Plan, of 7.125 pence being the closing mid-market price per ordinary share on 24 September 2019.

 

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                                                                                                              + 44 (0) 208 543 5353

Roger Antony, GFD

 

WH Ireland Limited                                                                                 www.whirelandcb.com

Mike Coe / Chris Savidge                                                                                                            +44 (0) 207 220 1666

 

Investor relations                                                                                                                                                                 

David Beck - Donhead Consultants                                                                                                     07836 293383

 

 

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

Andrew Foskett

2

 

Reason for the notification

a)

 

Position/status

 

Group Operations Director

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)

7.125p

250,000

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

250,000

 

£17,812.50

 

e)

 

Date of the transaction

25 September 2019

f)

 

Place of the transaction

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

Antonio Acuna MBE

2

 

Reason for the notification

a)

 

Position/status

 

Head of Consulting

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)

7.125p

250,000

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

250,000

 

£17,812.50

 

e)

 

Date of the transaction

25 September 2019

f)

 

Place of the transaction

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

Dianne Martin

2

 

Reason for the notification

a)

 

Position/status

 

Head of Learning and Development Practice

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)

7.125p

250,000

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

250,000

 

£17,812.50

 

e)

 

Date of the transaction

25 September 2019

f)

 

Place of the transaction

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

Chris Jones

2

 

Reason for the notification

a)

 

Position/status

 

Commercial Director

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)

7.125p

250,000

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

250,000

 

£17,812.50

 

e)

 

Date of the transaction

25 September 2019

f)

 

Place of the transaction

Outside a trading venue

 

 

 

 


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