Parity Group PLC - London-based data and technology-focused professional services firm - Says that its disposal of Parity Professionals Ltd and the change of its name to Partway Group PLC were both approved by shareholders at a general meeting held on Thursday. Expects that the disposal of Parity Professionals will "occur shortly", while the name change should take effect in the coming days.
On November 21, Parity said it would be selling its primary operating subsidiary, Parity Professionals, to Network Ventures Ltd. Under the proposed sale, Parity would become a cash shell. Parity Professionals in 2022 contributed GBP378,000 in pretax profit to Parity.
Current stock price: 1.44 pence, up 11% in London on Thursday
12-month change: down 76%
By Holly Beveridge, Alliance News reporter
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Parity (PTY)