Key Developments: Parity Group PLC (PTY.L)

PTY.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Parity Group PLC announces acquisition of Golden Square Post Production Ltd
Thursday, 22 May 2014 02:00am EDT 

Parity Group PLC:Acquires business and assets of Golden Square Post Production Ltd from its administrator for total cash consideration of less than 0.5 mln.Business will continue to trade as Golden Square through a new, wholly owned subsidiary of Parity Digital Solutions, a division of the Group.  Full Article

Parity Group PLC issues FY 2013 adjusted EBITDA guidance and updates on reorganization
Thursday, 5 Dec 2013 02:00am EST 

Parity Group PLC:Says the group's profitability has continued to improve.Says as a result, adjusted EBITDA for the year ending Dec. 31, 2013 is now expected to exceed 2.5 million pounds, an increase of over 80 percent on the previous year.Says as previously disclosed, the Board had set in motion an internal decentralisation to divide the Group into two distinct business divisions, Parity Professionals and Parity Digital.Says this reorganisation is now complete and the two businesses, each with a Chief Operating Officer, will be reported as separate divisions in the Group's 2013 results for the year ending Dec. 31, 2013.Says the Parity Professionals division predominantly comprises the IT staff agency Parity Resources.Says the Parity Digital division contains Inition, 3D technology company, and Systems business, providing business intelligence and web portal solutions.  Full Article

Parity Group PLC Announces Exercise Of Options
Monday, 17 Jun 2013 09:33am EDT 

Parity Group PLC announced that the Company has made application for 100,000 ordinary shares of GBP0.02 each in the Company (Shares) to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange, pursuant to an exercise of options. The Shares will be issued fully paid and will rank pari passu in all respects with the Company's existing issued Shares. Dealings are expected to commence in these Shares on June 21, 2013. Following Admission, the Company will have 75,348,094 Shares in issue, each having one vote.  Full Article

Parity Group PLC Does Not Declare Dividend
Thursday, 7 Mar 2013 02:00am EST 

Parity Group PLC announced that The Board has decided not to pay a dividend for the 2012 financial year.  Full Article

Parity Group plc Announces Issue Of Equity
Thursday, 10 Jan 2013 02:00am EST 

Parity Group plc announced the issue of 3,125,000 new ordinary shares of 2 pence each at 20 pence per share to raise approximately GBP600,000 (net of expenses). The issue price represents a discount of 7.0% to the closing middle market price on January 09, 2013 (being the last dealing day prior to this announcement). The proceeds will be used to fund the first earn-out in relation to the acquisition of Inition as announced on May 29, 2012 and potential future transaction costs. Application has been made to the UK Listing Authority for the new ordinary shares (which rank pari passu with all existing ordinary shares) to be admitted to the premium segment of the Official List and to the London Stock Exchange for the new ordinary shares to be admitted to trading on the London Stock Exchange's main market for listed securities. It is expected that Admission will become effective, and that dealings in the new ordinary shares will commence, on January 15, 2013.  Full Article

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