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Grant of Options

28 Nov 2014 07:02

RNS Number : 2486Y
Parity Group PLC
28 November 2014
 



 



Parity Group plc ("Parity" or the "Group")

Grant of options

 

Parity Group plc (AIM:PTY), the UK information and marketing technology group, announces that on 27 November 2014 Andy Law, Executive Chairman of Supercommunications, was awarded options ("Options") exercisable over Parity ordinary shares of 2p each ("Ordinary Shares"), with an exercise price of 16.75p.

Mr Law has been awarded 2,000,000 Options.

In order for the Options to vest, Parity must achieve a share price of at least 20.94p for a period of at least five consecutive days at any time between the date of grant and the day immediately preceding the commencement of the option period, being 28 November 2017 - 27 November 2024.

Andy Law is interested in 2.0m Options over Ordinary Shares in aggregate.

 

 

Parity Group PLC 0845 873 0790

Philip Swinstead, Chairman

Alastair Woolley, Finance Director

 

MHP Communications 020 3128 8100

John Olsen

 

Investec Bank PLC 020 7597 5970

Andrew Pinder

Patrick Robb

Dominic Emery

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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