Grant of Options.

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Parity Group PLC

21 May 2018

  

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 3,600,000 ordinary shares of 2 pence each in the Company ("Share Options"). The Share Options were granted on 18 May 2018 on the recommendation of the Remuneration Committee, and represent approximately 3.5% of the Company’s current issued share capital.

 

Alan Rommel, Chief Executive Officer, has been awarded 1,600,000 Share Options. Roger Antony, Group Financial Director, has been awarded 1,000,000 Share Options. Andrew Foskett, MD of the Parity Professionals division and Andrew Ogg, MD of the Consultancy Services division have each been awarded 500,000 Share Options.

 

The Share Options each have an exercise price, calculated in accordance with the rules of the Approved and Unapproved CSOP Schemes 2009, of 12.8 pence being the closing mid-market price per ordinary share on 17 May 2018.

 

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 125% of the exercise price 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 150% of the exercise price 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 175% of the exercise price for a period of at least five consecutive trading days at any time during the vesting period.

 

 

 

 

Contacts:

Parity Group PLC                                                                                                    http://www.parity.net/

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

Roger Antony, GFD

 

WH Ireland Limited                                                                                           http://www.whirelandcb.com/

Mike Coe / Ed Allsopp                                                                                                                 +44 (0) 117 945 3470

 

MHP Communications                                                                                                                   parity@mhpc.com

Katie Hunt / Kelsey Traynor                                                                                                       +44 (0)203 128 8100

 

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

Alan Rommel

2

 

Reason for the notification

a)

 

Position/status

 

Chief Executive 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 Unapproved CSOP Scheme 2009.

c)

 

Price(s) and volume(s)

 

Option Price(s)

 

Volume(s)

12.8p

1,600,000

 

d)

 

Aggregated information

 

 

– Aggregated volume

 

– Price

 

 

 

1,600,000

 

£204,800.00

 

e)

 

Date of the transaction

18 May 2018

f)

 

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

Roger Antony

2

 

Reason for the notification

a)

 

Position/status

 

Group Finance 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 Approved and Unapproved CSOP Schemes 2009.

c)

 

Price(s) and volume(s)

 

Option Price(s)

 

Volume(s)

12.8p

1,000,000

 

d)

 

Aggregated information

 

 

– Aggregated volume

 

– Price

 

 

 

1,000,000

 

£128,000.00

 

e)

 

Date of the transaction

18 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 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 Approved and Unapproved CSOP Schemes 2009.

c)

 

Price(s) and volume(s)

 

Option Price(s)

 

Volume(s)

12.8p

500,000

 

d)

 

Aggregated information

 

 

– Aggregated volume

 

– Price

 

 

 

500,000

 

£64,000.00

 

e)

 

Date of the transaction

18 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 Approved and Unapproved CSOP Schemes 2009.

c)

 

Price(s) and volume(s)

 

Option Price(s)

 

Volume(s)

12.8p

500,000

 

d)

 

Aggregated information

 

 

– Aggregated volume

 

– Price

 

 

 

500,000

 

£64,00.00

 

e)

 

Date of the transaction

18 May 2018

f)

 

Place of the transaction

Outside a trading venue