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25 Nov 2020 07:00
25 November 2020
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Parity Group plc ("Parity" or the "Company")
Grant of Options to Directors/PDMRs
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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.
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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.
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The Share Options will vest after 3 years and are subject to the following performance conditions:
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Ā· 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;
Ā· 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
Ā· 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.
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Contacts:
Parity Group plc www.parity.net
Matthew Bayfield, CEO 0208 171 1729
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WH Ireland Limited www.whirelandcb.com
Mike Coe / Chris Savidge 0207 220 1666
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Donhead Consultants
David Beck +44 7836 293383
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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:
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1 Ā | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) Ā | Name | Michael Johns | ||||
2 Ā | Reason for the notification | |||||
a) Ā | Position/status Ā | Chief Financial Officer | ||||
b) Ā | Initial notification /Amendment Ā Ā | Initial Notification | ||||
3 Ā | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) Ā | Name Ā | Parity Group plc | ||||
b) Ā | LEI | 213800YEHAYBJ63OHB38 | ||||
4 Ā | 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) Ā | Description of the financial instrument, type of instrument Ā Identification code Ā | Ā Ordinary shares of 2p each Ā GB00B1235860 | ||||
b) Ā | Nature of the transaction Ā | Grant of options to subscribe for new ordinary shares under the Company's 2019 EMI Option Plan. | ||||
c) Ā | Price(s) and volume(s) | Ā
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d) Ā | Aggregated information Ā Ā - Aggregated volume Ā - Price | Ā Ā Ā 2,000,000 Ā Ā£157,600.00 Ā | ||||
e) Ā | Date of the transaction | 24 November 2020 | ||||
f) Ā | Place of the transaction | Outside a trading venue | ||||
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