Altitude Group PLC Issue of Equity (5046V)

TIDMALT

RNS Number : 5046V

Altitude Group PLC

30 January 2017

Altitude Group plc

("Altitude" or the "Company")

ISSUE OF EQUITY

The Company announces that it has received a notice of exercise in relation to an option to subscribe for 1,500,060 ordinary shares of 0.4p each ("Ordinary Shares") at a price of 36p per share (the "Option").

The Option was granted to Zeus Capital Limited, the Company Financial Adviser and Nominated Adviser at the time of the Company's admission to trading on AIM in November 2005. Details of the Option were set out in the Company's AIM admission document dated 21 October 2005.

The Company has issued and allotted the 1,500,060 new Ordinary Shares resulting from the exercise of the Option and application has been made for their admission to trading on AIM which is expected to take place at 8.00 a.m. on 3 February 2017.

Following the issue of the new Ordinary Shares, there are 46,378,525 Ordinary Shares in issue with each share carrying the right to one vote. This is the total voting rights figure which may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Enquiries:

 
 Altitude Group plc 
  Peter Hallett, Chairman          07887 987469 
 
 WH Ireland Limited (Nominated 
  Adviser and Broker) 
  Tim Feather/Ed Allsopp          0113 394 6600 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 30, 2017 11:14 ET (16:14 GMT)