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Retirement Pension Plan

21 Dec 2010 17:29

RNS Number : 4035Y
Parity Group PLC
21 December 2010
 



21 December 2010

 

 

PARITY GROUP PLC

("the Company")

 

Pension holiday and issue of share options

 

 

The Company today announces that it has entered into an agreement with the Trustees of The Parity Group Retirement Benefit Plan (the "Plan") which provides the Company with a 14 month pension contribution holiday. As part of the agreement creating the contribution holiday, the Company has today issued to the Trustees, for the benefit of the Plan, options over 1,000,000 ordinary shares of 2p each in the Company at an exercise price of 9 pence per share (the "Options"). The Options have no expiry date and any gain on exercise of the Options will be for the benefit of the Plan.

 

 

Enquiries:

 

 

Parity Group plcPhilip Swinstead OBE, ChairmanPaul Davies, CEO

0845 873 6942

MHP Communications

John Olsen/Ian Payne

020 3128 8100

Arbuthnot SecuritiesHugh Field/Ed Gay

020 7012 2000

 

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