PTY.L Regulatory News (PTY)

31 Mar 2008 17:02

Parity Group PLC31 March 2008 Parity Group plc ("Parity" or "the Group") 31 March 2008 Director's Interests On 18 October 2006, John Hughes, Executive Chairman at that time, was granted an award under the Parity Group plc Long-Term Incentive Plan (the "Plan") overParity ordinary shares. Mr Hughes has now surrendered his award under the Plan. The maximum award was 960,000 shares at a subscription price of 2 pence pershare. The key performance measure was that Parity's share price had to meet or exceed 135p per share for a period of 60 consecutive days within the three years starting on the grant date in order for 50% of the award to vest. Higher share prices would increase the award, with the maximum at a sustained price of300p. As a result of this surrender, there will be no share-based payment charge togroup profits under IFRS2 in 2008 in respect of these options. END This information is provided by RNS The company news service from the London Stock Exchange