TIDMPTY

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        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 
                                   2019 EMI Option Plan. 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Option Price(s)   Volume(s) 
                                     7.125p            250,000 
                                                      ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information       250,000 
       - Aggregated volume          GBP17,812.50 
       - Price 
     --------------------------  ----------------------------------------- 
 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        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 
                                   2019 EMI Option Plan. 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Option Price(s)   Volume(s) 
                                     7.125p            250,000 
                                                      ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information       250,000 
       - Aggregated volume          GBP17,812.50 
       - Price 
     --------------------------  ----------------------------------------- 
 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        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 
                                   2019 EMI Option Plan. 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Option Price(s)   Volume(s) 
                                     7.125p            250,000 
                                                      ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information       250,000 
       - Aggregated volume          GBP17,812.50 
       - Price 
     --------------------------  ----------------------------------------- 
 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        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 
                                   2019 EMI Option Plan. 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Option Price(s)   Volume(s) 
                                     7.125p            250,000 
                                                      ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information       250,000 
       - Aggregated volume          GBP17,812.50 
       - Price 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     25 September 2019 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ----------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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September 26, 2019 11:52 ET (15:52 GMT)

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