Parity Group PLC Grant of Options (6569O)
May 21 2018 - 1:01AM
UK Regulatory
TIDMPTY
RNS Number : 6569O
Parity Group PLC
21 May 2018
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 www.parity.net
Alan Rommel, CEO + 44 (0) 208 543 5353
Roger Antony, GFD
WH Ireland Limited 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 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 Ordinary shares of 2p each
the financial GB00B1235860
instrument, type
of instrument
Identification
code
--- ------------------------- -------------------------------
b) Nature of the Grant of options to subscribe
transaction 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 1,600,000
- Aggregated volume GBP204,800.00
- Price
--- ------------------------- -------------------------------
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 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 Ordinary shares of 2p each
the financial GB00B1235860
instrument, type
of instrument
Identification
code
--- ------------------------- -------------------------------
b) Nature of the Grant of options to subscribe
transaction 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 1,000,000
- Aggregated volume GBP128,000.00
- Price
--- ------------------------- -------------------------------
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 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 Ordinary shares of 2p each
the financial GB00B1235860
instrument, type
of instrument
Identification
code
--- ------------------------- -------------------------------
b) Nature of the Grant of options to subscribe
transaction 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 500,000
- Aggregated volume GBP64,000.00
- Price
--- ------------------------- -------------------------------
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 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 Ordinary shares of 2p each
the financial GB00B1235860
instrument, type
of instrument
Identification
code
--- ------------------------- -------------------------------
b) Nature of the Grant of options to subscribe
transaction 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 500,000
- Aggregated volume GBP64,00.00
- Price
--- ------------------------- -------------------------------
e) Date of the transaction 18 May 2018
--- ------------------------- -------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------- -------------------------------
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END
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