Parity Group PLC Director/PDMR Shareholding - Options Grant (3734G)

TIDMPTY

RNS Number : 3734G

Parity Group PLC

25 November 2020

25 November 2020

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

Grant of Options to Directors/PDMRs

The Board of Parity (AIM:PTY), the technology focussed professional services business, announces that it has awarded Michael Johns, Chief Financial Officer, options over 2,000,000 ordinary shares of 2 pence each in the Company ("the Share Options"). The Share Options were granted on 24 November 2020 and represent approximately 1.9% of the Company's current issued share capital.

The Share Options each have an exercise price, calculated in accordance with the rules of the Parity Group 2019 EMI Options Plan, of 7.88 pence, being the closing mid-market price per ordinary share on 23 November 2020.

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 12.0 pence 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 15.0 pence 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 18.0 pence for a period of at least five consecutive trading days at any time during the vesting period.

Contacts:

Parity Group plc www.parity.net

Matthew Bayfield, CEO 0208 171 1729

WH Ireland Limited www.whirelandcb.com

Mike Coe / Chris Savidge 0207 220 1666

Donhead Consultants

David Beck [phone]

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                        Michael Johns 
     --------------------------  ----------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status             Chief Financial Officer 
     --------------------------  ----------------------------------------- 
 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           Ordinary shares of 2p each 
       financial instrument,        GB00B1235860 
       type of instrument 
       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) 
                                     7.88p             2,000,000 
                                                      ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information       2,000,000 
       - Aggregated volume          GBP157,600.00 
       - Price 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     24 November 2020 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ----------------------------------------- 
 

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November 25, 2020 02:00 ET (07:00 GMT)