Altitude Group PLC Director/PDMR Shareholding (4745Q)

TIDMALT

RNS Number : 4745Q

Altitude Group PLC

30 November 2016

Altitude Group plc

("Altitude" or the "Company")

PDMR Shareholding

Altitude was notified on 29 November 2016 that on that day Martin Varley, Chief Executive Officer, sold 500,000 ordinary shares of 0.4 pence each in the Company ("Ordinary Shares") at a price of 79p per share. Following the sale Mr Varley holds 12,547,559 Ordinary Shares, or 27.96% of the issued share capital.

Mr Varley said: "I have sold these shares in order to satisfy demand from a new investor and only after it proved impossible to identify any other potential sellers of size. I have no current intention of selling any further shares.

"I am delighted that we have a new shareholder who has shown such great interest in our technology and opportunities."

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

Enquiries:

 
 Altitude Group plc 
  Peter Hallett, Chairman          07887 987469 
 
 WH Ireland Limited (Nominated 
  Adviser and Broker) 
  Tim Feather/Ed Allsopp          0113 394 6600 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ---------------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Martin Varley 
---  ------------------------------------------------------------  -------------------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                               Chief Executive Officer, 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 
 
       Identification code 
                                                                     GB00B0LSFV82 
---  ------------------------------------------------------------  -------------------------------------------- 
 b)   Nature of the transactions                                    Sale of Ordinary Shares 
---  ------------------------------------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)                                         Price(s)   Volume(s) 
                                                                     ---------  ---------- 
                                                                      79.0p      500,000 
                                                                     ---------  ---------- 
---  ------------------------------------------------------------  -------------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                       500,000 
                                                                      GBP395,000 
 
         *    Price 
---  ------------------------------------------------------------  -------------------------------------------- 
 e)   Date of the transaction                                       29 November 2016 
---  ------------------------------------------------------------  -------------------------------------------- 
 f)   Place of the transaction                                      London Stock Exchange, AIM 
---  ------------------------------------------------------------  -------------------------------------------- 
 

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 30, 2016 02:01 ET (07:01 GMT)