Grant of Options

RNS Number : 2486Y

Parity Group PLC

28 November 2014

 





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

Grant of options

Parity Group plc (AIM:PTY), the UK information and marketing technology group, announces that on 27 November 2014 Andy Law, Executive Chairman of Supercommunications, was awarded options ("Options") exercisable over Parity ordinary shares of 2p each ("Ordinary Shares"), with an exercise price of 16.75p.

Mr Law has been awarded 2,000,000 Options.

In order for the Options to vest, Parity must achieve a share price of at least 20.94p 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 28 November 2017 - 27 November 2024.

Andy Law is interested in 2.0m Options over Ordinary Shares in aggregate.

Parity Group PLC                                                                           0845 873 0790

Philip Swinstead, Chairman

Alastair Woolley, Finance Director

MHP Communications                                                                   020 3128 8100

John Olsen

Investec Bank PLC                                                                         020 7597 5970

Andrew Pinder                                                                      

Patrick Robb

Dominic Emery

 

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