Grant of options

RNS Number : 5166D

Parity Group PLC

28 March 2014

 



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

Grant of options

Parity Group plc (AIM:PTY.L), the UK IT services group, announces that on 18 March 2014 Alastair Woolley, Finance Director, was awarded options ("Options") exercisable over Parity ordinary shares of 2p each ("Ordinary Shares"), with an exercise price of 21.12p.

Mr Woolley has been awarded 340,000 Options.

In order for the Options to vest, Parity must achieve a share price of at least 26.40p for a period of at least five consecutive days at any time between the date of grant and the day immediately preceding the commencement of the option period, being 18 March 2017 - 17 March 2024.

Alastair Woolley has been awarded 1.0m options over Ordinary Shares in aggregate.

In addition to the options above, Alastair Woolley holds 56 Ordinary Shares, representing approximately 0% of the issued share capital of the Group.

Parity Group PLC                                                                           0845 873 6942

Philip Swinstead, Chairman

Alastair Woolley, Finance Director

MHP Communications                                                                  020 3128 8100

John Olsen

Ben Griffiths

Investec Bank PLC                                                                        020 7597 5970

Andrew Pinder                                                                      

Patrick Robb

Dominic Emery

 

END

 

 

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