Parity Regulatory News (PTY)

1st March 2021

Parity Group plc  

("Parity" or the "Group") 

NEW CONTRACT WINS AND NOTICE OF RESULTS:

Parity continues its strong start to the year with further contract wins

Parity (AIM:PTY), the data and technology focussed professional services company, today announces the award of a number of new contract wins:

· Appointment as a partner to help connect a prominent retailer with the skilled data and digital resources it requires to support its various brands' ambitious transformation and growth plans across UK and Europe.

· Partnerships with IFS (a global leader in Cloud ERP solutions) and Cedar Bay (a partner in the IFS ecosystem) to supply skilled data and digital resources.

· Extension of engagement with human resources platform specialist, Resilience Engine.

· A contract within the public sector to supply data talent for NHS Digital projects (the national provider for the NHS in England of information, data and IT systems).

These recent wins amount to an estimated £400,000 in new net revenue during the financial year.

Following on the back of the recent Scottish Government R100 contract win, these agreements represent a significant opportunity for Parity this year, strengthening the Group's roster of clients, utilising its resourcing capabilities and adding further momentum for 2021.

Matthew Bayfield, CEO, commented:

"I am delighted to announce that these organisations have appointed Parity as a digital skills resourcing partner. These contract wins and extensions are testament to our deep expertise and experience in this area and our ability to flexibly address the challenges facing major institutions as they undergo digital transformations. This provides us with further confidence in our strategic focus and vision for the company and the positive changes we have made over the last two years."

Notice of results

The Group expects to release its 2020 preliminary results in the second half of April.

--ENDS-