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PTY Partway Group Plc

0.875
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
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 0.875 0.8525 0.875 33 08:00:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 41.6M -1.72M -0.0166 -0.52 896.76k

Parity Group PLC Grant of Options (6569O)

21/05/2018 7:01am

UK Regulatory


Partway (LSE:PTY)
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From Apr 2019 to Apr 2024

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TIDMPTY

RNS Number : 6569O

Parity Group PLC

21 May 2018

21 May 2018

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 issued options over an aggregate of 3,600,000 ordinary shares of 2 pence each in the Company ("Share Options"). The Share Options were granted on 18 May 2018 on the recommendation of the Remuneration Committee, and represent approximately 3.5% of the Company's current issued share capital.

Alan Rommel, Chief Executive Officer, has been awarded 1,600,000 Share Options. Roger Antony, Group Financial Director, has been awarded 1,000,000 Share Options. Andrew Foskett, MD of the Parity Professionals division and Andrew Ogg, MD of the Consultancy Services division have each been awarded 500,000 Share Options.

The Share Options each have an exercise price, calculated in accordance with the rules of the Approved and Unapproved CSOP Schemes 2009, of 12.8 pence being the closing mid-market price per ordinary share on 17 May 2018.

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 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 each individual grant of 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 each individual grant of 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

Alan Rommel, CEO + 44 (0) 208 543 5353

Roger Antony, GFD

WH Ireland Limited www.whirelandcb.com

Mike Coe / Ed Allsopp +44 (0) 117 945 3470

MHP Communications parity@mhpc.com

Katie Hunt / Kelsey Traynor +44 (0)203 128 8100

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                       Alan Rommel 
---  -------------------------  ------------------------------- 
 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              Ordinary shares of 2p each 
       the financial               GB00B1235860 
       instrument, type 
       of instrument 
       Identification 
       code 
---  -------------------------  ------------------------------- 
 b)   Nature of the              Grant of options to subscribe 
       transaction                for new ordinary shares under 
                                  the Company's Unapproved 
                                  CSOP Scheme 2009. 
---  -------------------------  ------------------------------- 
 c)   Price(s) and volume(s)       Option Price(s)   Volume(s) 
                                   ----------------  ---------- 
                                    12.8p             1,600,000 
                                   ----------------  ---------- 
---  -------------------------  ------------------------------- 
 d)   Aggregated information      1,600,000 
       - Aggregated volume         GBP204,800.00 
       - Price 
---  -------------------------  ------------------------------- 
 e)   Date of the transaction    18 May 2018 
---  -------------------------  ------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
---  -------------------------  ------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                       Roger Antony 
---  -------------------------  ------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status            Group Finance Director 
---  -------------------------  ------------------------------- 
 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              Ordinary shares of 2p each 
       the financial               GB00B1235860 
       instrument, type 
       of instrument 
       Identification 
       code 
---  -------------------------  ------------------------------- 
 b)   Nature of the              Grant of options to subscribe 
       transaction                for new ordinary shares under 
                                  the Company's Approved and 
                                  Unapproved CSOP Schemes 2009. 
---  -------------------------  ------------------------------- 
 c)   Price(s) and volume(s)       Option Price(s)   Volume(s) 
                                   ----------------  ---------- 
                                    12.8p             1,000,000 
                                   ----------------  ---------- 
---  -------------------------  ------------------------------- 
 d)   Aggregated information      1,000,000 
       - Aggregated volume         GBP128,000.00 
       - Price 
---  -------------------------  ------------------------------- 
 e)   Date of the transaction    18 May 2018 
---  -------------------------  ------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
---  -------------------------  ------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                       Andrew Foskett 
---  -------------------------  ------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status            MD of Parity Professionals 
---  -------------------------  ------------------------------- 
 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              Ordinary shares of 2p each 
       the financial               GB00B1235860 
       instrument, type 
       of instrument 
       Identification 
       code 
---  -------------------------  ------------------------------- 
 b)   Nature of the              Grant of options to subscribe 
       transaction                for new ordinary shares under 
                                  the Company's Approved and 
                                  Unapproved CSOP Schemes 2009. 
---  -------------------------  ------------------------------- 
 c)   Price(s) and volume(s)       Option Price(s)   Volume(s) 
                                   ----------------  ---------- 
                                    12.8p             500,000 
                                   ----------------  ---------- 
---  -------------------------  ------------------------------- 
 d)   Aggregated information      500,000 
       - Aggregated volume         GBP64,000.00 
       - Price 
---  -------------------------  ------------------------------- 
 e)   Date of the transaction    18 May 2018 
---  -------------------------  ------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
---  -------------------------  ------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                       Andrew Ogg 
---  -------------------------  ------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status            MD of Consultancy Services 
---  -------------------------  ------------------------------- 
 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              Ordinary shares of 2p each 
       the financial               GB00B1235860 
       instrument, type 
       of instrument 
       Identification 
       code 
---  -------------------------  ------------------------------- 
 b)   Nature of the              Grant of options to subscribe 
       transaction                for new ordinary shares under 
                                  the Company's Approved and 
                                  Unapproved CSOP Schemes 2009. 
---  -------------------------  ------------------------------- 
 c)   Price(s) and volume(s)       Option Price(s)   Volume(s) 
                                   ----------------  ---------- 
                                    12.8p             500,000 
                                   ----------------  ---------- 
---  -------------------------  ------------------------------- 
 d)   Aggregated information      500,000 
       - Aggregated volume         GBP64,00.00 
       - Price 
---  -------------------------  ------------------------------- 
 e)   Date of the transaction    18 May 2018 
---  -------------------------  ------------------------------- 
 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.

END

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May 21, 2018 02:01 ET (06:01 GMT)

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