Parity Group PLC Director/PDMR Shareholding - Options Grant (3734G)
November 25 2020 - 1:00AM
UK Regulatory
TIDMPTY
RNS Number : 3734G
Parity Group PLC
25 November 2020
25 November 2020
Parity Group plc ("Parity" or the "Company")
Grant of Options to Directors/PDMRs
The Board of Parity (AIM:PTY), the technology focussed
professional services business, announces that it has awarded
Michael Johns, Chief Financial Officer, options over 2,000,000
ordinary shares of 2 pence each in the Company ("the Share
Options"). The Share Options were granted on 24 November 2020 and
represent approximately 1.9% of the Company's current issued share
capital.
The Share Options each have an exercise price, calculated in
accordance with the rules of the Parity Group 2019 EMI Options
Plan, of 7.88 pence, being the closing mid-market price per
ordinary share on 23 November 2020.
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 0208 171 1729
WH Ireland Limited www.whirelandcb.com
Mike Coe / Chris Savidge 0207 220 1666
Donhead Consultants
David Beck +44 7836 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 Michael Johns
-------------------------- -----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Chief Financial 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
2019 EMI Option Plan.
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Option Price(s) Volume(s)
7.88p 2,000,000
----------
-------------------------- -----------------------------------------
d) Aggregated information 2,000,000
- Aggregated volume GBP157,600.00
- Price
-------------------------- -----------------------------------------
e) Date of the transaction 24 November 2020
-------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -----------------------------------------
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END
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