Share Name Share Symbol Market Type Share ISIN Share Description
Altitude LSE:ALT London Ordinary Share GB00B0LSFV82 ORD 0.4P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.00p -4.05% 71.00p 69.00p 73.00p 74.00p 69.50p 74.00p 161,104 12:12:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 4.3 0.1 0.2 417.6 36.10

Altitude Group PLC Issue of Options

08/02/2017 3:06pm

UK Regulatory (RNS & others)


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RNS Number : 3736W

Altitude Group PLC

08 February 2017

Altitude Group plc

(the "Company")

ISSUE OF SHARE OPTIONS

The Company announces that it has today issued share options to Sanjay Lobo and Gellan Watt, who have joined the Company as Managing Director and Non-Executive Director respectively as announced on 25 January 2017. Mr. Lobo's appointment to the Board remains subject to completion of customary due diligence.

Mr. Lobo and Mr. Watt have each been issued options under the Company EMI Scheme over 238,095 ordinary shares of 0.4p each ("Ordinary Shares"), exercisable at a price of 84p per share and vesting subject to the conditions set out below (the "Options"):

   --     50% of the Options will vest on a time accrued basis over three years; and 

-- 50% of the Options will vest in three equal tranches on the market price of the Ordinary Shares reaching (i) 100p; (ii) 130p; and (iii) 160p.

The Options expire on the fifth anniversary of the date of grant.

In addition, Mr. Lobo has been issued options under the Company Unapproved Option Scheme over a further 47,619 Ordinary Shares on the same terms.

Enquiries:

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

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares acquired.

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ---------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Sanjay Lobo 
---  ------------------------------------------------------------  -------------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------------------------------------------- 
 a)   Position/status                                               Managing Director, Altitude Group plc 
---  ------------------------------------------------------------  -------------------------------------- 
 b)   Initial notification/ Amendment                               Initial Notification 
---  ------------------------------------------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Altitude Group plc 
---  ------------------------------------------------------------  -------------------------------------- 
 b)   LEI                                                           N/A 
---  ------------------------------------------------------------  -------------------------------------- 
 4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and (iv) each place where transactions have been 
       conducted 
---  ---------------------------------------------------------------------------------------------------- 
 a)   Description of the financial instrument, type of instrument   Ordinary shares of 0.4p each 
 
       Identification code 
                                                                     GB00B0LSFV82 
---  ------------------------------------------------------------  -------------------------------------- 
 b)   Nature of the transactions                                    Issue of options over Ordinary Shares 
---  ------------------------------------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)                                         Price(s)   Volume(s) 
                                                                     ---------  ---------- 
                                                                      84p        285,714 
                                                                     ---------  ---------- 
---  ------------------------------------------------------------  -------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                       285,714 
                                                                      GBP240,000 
 
         *    Price 
---  ------------------------------------------------------------  -------------------------------------- 
 e)   Date of the transaction                                       8 February 2017 
---  ------------------------------------------------------------  -------------------------------------- 
 f)   Place of the transaction                                      London Stock Exchange, AIM 
---  ------------------------------------------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  --------------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Gellan Watt 
---  ------------------------------------------------------------  ------------------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                               Non-Executive Director, Altitude Group plc 
---  ------------------------------------------------------------  ------------------------------------------- 
 b)   Initial notification/ Amendment                               Initial Notification 
---  ------------------------------------------------------------  ------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Altitude Group plc 
---  ------------------------------------------------------------  ------------------------------------------- 
 b)   LEI                                                           N/A 
---  ------------------------------------------------------------  ------------------------------------------- 
 4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and (iv) each place where transactions have been 
       conducted 
---  --------------------------------------------------------------------------------------------------------- 
 a)   Description of the financial instrument, type of instrument   Ordinary shares of 0.4p each 
 
       Identification code 
                                                                     GB00B0LSFV82 
---  ------------------------------------------------------------  ------------------------------------------- 
 b)   Nature of the transactions                                    Issue of options over Ordinary Shares 
---  ------------------------------------------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)                                         Price(s)   Volume(s) 
                                                                     ---------  ---------- 
                                                                      84p        238,095 
                                                                     ---------  ---------- 
---  ------------------------------------------------------------  ------------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                       238,095 
                                                                      GBP200,000 
 
         *    Price 
---  ------------------------------------------------------------  ------------------------------------------- 
 e)   Date of the transaction                                       8 February 2017 
---  ------------------------------------------------------------  ------------------------------------------- 
 f)   Place of the transaction                                      London Stock Exchange, AIM 
---  ------------------------------------------------------------  ------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLLFIEFFITIID

(END) Dow Jones Newswires

February 08, 2017 10:06 ET (15:06 GMT)

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