Grant of share options

RNS Number : 0244I

Parity Group PLC

07 June 2011

 



Parity Group plc (the "Company")

Grant of options

The Company announces today that on 7 June 2011, 300,000 options ("Options") over ordinary shares of 2p each in the share capital of the Company were granted to Alastair Woolley, Finance Director of the Company. The Options have been awarded under the Company's 2009 Share Option Plan.

The Options have an exercise price of 28 pence per ordinary share, being the closing mid-market price per ordinary share on 6 June 2011. The Options are exercisable between 7^th June 2014 and 6^th June 2021, after which the Options will lapse. The exercise of the Options are conditional on certain performance criteria.

Save for the Options, Alastair Woolley does not hold any other options over ordinary shares and currently has a beneficial interest in 56 issued ordinary shares in the Company.

For Further information, please contact:

Parity Group plc                         [phone]

Paul Davies, Chief Executive

Singer Capital Markets               [phone]

Jeff Keating

MHP Communications                [phone]

John Olsen / Ian Payne

 

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