Last checked at 21 May 2018 07:00
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 /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) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
1,600,000
£204,800.00
| ||||
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 /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 Approved and Unapproved CSOP Schemes 2009. | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
1,000,000
£128,000.00
| ||||
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 /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 Approved and Unapproved CSOP Schemes 2009. | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
500,000
£64,000.00
| ||||
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 /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 Approved and Unapproved CSOP Schemes 2009. | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
500,000
£64,00.00
| ||||
e)
| Date of the transaction | 18 May 2018 | ||||
f)
| Place of the transaction | Outside a trading venue | ||||