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Regulatory Story
Company Parity Group PLC
TIDM PTY
Headline Director/PDMR Shareholding
Released 11:37 18-Apr-2019
Number 6520W11

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 /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)

7.75p

3,000,000

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

3,000,000

 

£232,500.00

 

e)

 

Date of the transaction

18 April 2019

 


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