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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Partway Group Plc | LSE:PTY | London | Ordinary Share | GB00B1235860 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.875 | 0.85 | 0.90 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Computer Related Svcs, Nec | 41.6M | -1.72M | -0.0166 | -0.52 | 896.76k |
TIDMPTY
RNS Number : 6520W
Parity Group PLC
18 April 2019
18 April 2019
Parity Group plc ("Parity "or the "Group")
Grant of Options to Directors/PDMRs
The Board of Parity (AIM:PTY), the technology focussed consultancy and staffing business announces that the Board has awarded Matthew Bayfield, Chief Executive Officer 3,000,000 ordinary shares of 2 pence each in the Company ("Share Options"). The Share Options were granted on 18 April 2019 on the recommendation of the Remuneration Committee, and represent approximately 2.9% of the Company's current issued share capital.
The Share Options each have an exercise price, calculated in accordance with the rules of the Unapproved CSOP Scheme 2009, of 7.75 pence being the closing mid-market price per ordinary share on 17 April 2019.
The Share Options will vest after 3 years and are subject to the following performance conditions:
-- One third of the Share Options will be exercisable if the share price achieves or exceeds 125% of the exercise price for a period of at least five consecutive trading days at any time during the vesting period;
-- One third of the Share Options will be exercisable if the share price achieves or exceeds 150% of the exercise price for a period of at least five consecutive trading days at any time during the vesting period; and
-- One third of the Share Options will be exercisable if the share price achieves or exceeds 175% of the exercise price for a period of at least five consecutive trading days at any time during the vesting period.
Contacts:
Parity Group PLC www.parity.net
Roger Antony, GFD + 44 (0) 208 543 5353
WH Ireland Limited www.whirelandcb.com
Mike Coe / Chris Savidge +44 (0) 207 220 1666
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 Matthew Bayfield -------------------------- ----------------------------------------- 2 Reason for the notification --------------------------------------------------------------------- a) Position/status Chief Executive 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 Unapproved CSOP Scheme 2009. -------------------------- ----------------------------------------- c) Price(s) and volume(s) Option Price(s) Volume(s) 7.75p 3,000,000 ---------- -------------------------- ----------------------------------------- d) Aggregated information 3,000,000 - Aggregated volume GBP232,500.00 - Price -------------------------- ----------------------------------------- e) Date of the transaction 18 April 2019 -------------------------- -----------------------------------------
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.
END
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April 18, 2019 06:37 ET (10:37 GMT)
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