Parity Group PLC Director/PDMR Shareholding (6520W)
18 Abril 2019 - 5:37AM
UK Regulatory
TIDMPTY
RNS Number : 6520W
Parity Group PLC
18 April 2019
18 April 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
awarded Matthew Bayfield, Chief Executive Officer 3,000,000
ordinary shares of 2 pence each in the Company ("Share Options").
The Share Options were granted on 18 April 2019 on the
recommendation of the Remuneration Committee, and represent
approximately 2.9% of the Company's current issued share
capital.
The Share Options each have an exercise price, calculated in
accordance with the rules of the Unapproved CSOP Scheme 2009, of
7.75 pence being the closing mid-market price per ordinary share on
17 April 2019.
The Share Options will vest after 3 years and are subject to the
following performance conditions:
-- One third of the 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 the 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 the 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 www.parity.net
Roger Antony, GFD + 44 (0) 208 543 5353
WH Ireland Limited www.whirelandcb.com
Mike Coe / Chris Savidge +44 (0) 207 220 1666
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 Matthew Bayfield
-------------------------- -----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------- -----------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- -----------------------------------------
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 Ordinary shares of 2p each
financial instrument, GB00B1235860
type of instrument
Identification code
-------------------------- -----------------------------------------
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)
7.75p 3,000,000
----------
-------------------------- -----------------------------------------
d) Aggregated information 3,000,000
- Aggregated volume GBP232,500.00
- Price
-------------------------- -----------------------------------------
e) Date of the transaction 18 April 2019
-------------------------- -----------------------------------------
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END
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