We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Partway Group Plc | AQSE:PTY.GB | Aquis Stock Exchange | Ordinary Share | GB00B1235860 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.75 | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPTY
RNS Number : 8237N
Parity Group PLC
04 October 2021
4 October 2021
Parity Group plc
Grant of Warrants and Options to Directors/PDMRs
Grant of Warrants
Parity Group plc ("Company"), the data and technology-focussed recruitment and professional services company, announces that, in support of its objective to focus on core recruitment solutions and build long term value, it has awarded Mark Braund, Executive Chairman, warrants ("Warrants") over 3,500,000 ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares"). The Warrants were granted on 01 October 2021 and represent approximately 3.4% of the Company's current issued share capital.
The Warrants have been awarded on the recommendation of the Company's Remuneration Committee to reward and incentivise Mark Braund in his capacity as Executive Chairman over the medium term and to retain him as a key director as the Company grows its core recruitments services to create long term value for shareholders.
The Warrants have an exercise price of 6.25 pence per Warrant, being the closing mid-market price per Ordinary Share on 30 September 2021 and are exercisable for five years from the date of grant.
The Warrants are also subject to performance conditions:
-- One quarter of the total grant of Warrants will be exercisable if the mid-market price per Ordinary Share equals or exceeds 15.0 pence for a period of at least 30 consecutive calendar days at any time during the exercise period; and
-- One quarter of the total grant of Warrants will be exercisable if the mid-market price per Ordinary Share equals or exceeds each of 20.0 pence, 25.0 pence and 30.0 pence, in each case, for a period of at least 30 consecutive calendar days at any time during the exercise period.
Grant of Options
The Company further announces that, as part of its focus on growing its core recruitment solutions, it has awarded Isobel Brown, Director, Recruitment Business and a person discharging managerial responsibility ("PDMR"), options ("Options") over 500,000 ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares"). The Options were granted on 01 October 2021 and represent approximately 0.49% of the Company's current issued share capital.
The purpose of the Options is to retain, reward and incentivise Isobel Brown as a key employee of the Company, on the recommendation of the Company's Remuneration Committee.
The Options each have an exercise price, calculated in accordance with the rules of the Parity Group 2019 EMI Options Plan, of 6.25 pence per Option, being the closing mid-market price per Ordinary Share on 30 September 2021 and will vest after three years.
The Options are subject to the following performance conditions:
-- One quarter of the total grant of Options will be exercisable if the mid-market price per Ordinary Share equals or exceeds 15.0 pence for a period of at least 30 consecutive calendar days at any time during the vesting period; and
-- One quarter of the total grant of Options will be exercisable if the mid-market price per Ordinary Share equals or exceeds each of 20.0 pence, 25.0 pence and 30.0 pence, in each case, for a period of at least 30 consecutive calendar days at any time during the exercise period.
Contacts Parity Group PLC www.parity.net Mar k Braund, Executive Chairman + 44 (0) 208 543 5353 Mike Johns, CFO finnCap Ltd https://www.finncap.com/ Jonny Franklin-Adams / Simon Hicks / Fergus Sullivan/ +44 (0) 20 7220 0500 Tim Redfern / Charlotte Sutcliffe
The Notification of Dealing Forms set out below are provided in accordance with the requirements of the EU Market Abuse Regulations:
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Mark Braund ---------------------------- ------------------------------------- 2 Reason for the notification ------------------------------------------------------------------- a) Position/status Executive Chairman ---------------------------- ------------------------------------- b) Initial notification Initial Notification /Amendment ---------------------------- ------------------------------------- 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 Warrants over Ordinary Shares of financial instrument, 2p each type of instrument GB00B1235860 Identification code ---------------------------- ------------------------------------- b) Nature of the transaction Grant of Warrants to subscribe for new Ordinary Shares ---------------------------- ------------------------------------- c) Price(s) and volume(s) Warrant Price(s) Volume(s) 6.25 pence 3,500,000 ---------- ---------------------------- ------------------------------------- d) Aggregated information 3,500,000 - Aggregated volume GBP218,750 - Price ---------------------------- ------------------------------------- e) Date of the transaction 01 October 2021 ---------------------------- ------------------------------------- f) Place of the transaction Outside a trading venue ---------------------------- ------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Isobel Brown -------------------------- ----------------------------------------- 2 Reason for the notification --------------------------------------------------------------------- a) Position/status Director, Recruitment Business -------------------------- ----------------------------------------- b) Initial notification Initial Notification /Amendment -------------------------- ----------------------------------------- 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 Options over Ordinary shares of 2p financial instrument, each type of instrument GB00B1235860 Identification code -------------------------- ----------------------------------------- b) Nature of the transaction Grant of options to subscribe for new Ordinary Shares under the Company's 2019 EMI Option Plan. -------------------------- ----------------------------------------- c) Price(s) and volume(s) Option Price(s) Volume(s) 6.25 pence 500,000 ---------- -------------------------- ----------------------------------------- d) Aggregated information 500,000 - Aggregated volume GBP31,250 - Price -------------------------- ----------------------------------------- e) Date of the transaction 01 October 2021 -------------------------- ----------------------------------------- f) Place of the transaction Outside a trading venue -------------------------- -----------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHFLFLVILLVIIL
(END) Dow Jones Newswires
October 04, 2021 02:00 ET (06:00 GMT)
1 Year Partway Chart |
1 Month Partway Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions