Altitude Group PLC Grant of Options (2667D)

TIDMALT

RNS Number : 2667D

Altitude Group PLC

25 June 2019

25 June 2019

ALTITUDE GROUP PLC

("Altitude", the "Group" or the "Company")

Grant of Options

Altitude Group plc (AIM: ALT), the operator of a leading marketplace for personalised products, announces that it has granted 1,060,000 options in aggregate over ordinary shares of 0.4p each ("Ordinary Shares") to certain directors of the Group (the "Options").

The Options have been granted in amounts of 560,000 and 500,000 to Deborah Wilkinson (Chief Operating Officer) and Keith Edelman (Non-Executive Director) (together the "Option Recipients") respectively. The Options are exercisable at a price of 105p, being the volume weighted average share price for the 30 days preceding the date of this announcement. Deborah Wilkinson's options are split into two equal amounts; the first half accrue and vest on a lineal basis across 36 months from the date of grant and the second half vest in three equal tranches based on the Group achieving share price targets of 200p, 250p and 300p. Keith Edelman's options vest in three equal tranches based upon the Group achieving share price targets of 200p, 250p and 300p.

Following grant, the Options represent the only options over Ordinary Shares that Deborah Wilkinson and Keith Edelman will be interested in. In aggregate the Options, when added to other employee options already in existence, will result in employee options equivalent to 6.09 per cent. of the issued share capital of the Company being in existence.

The Options are being granted to align all of the Board on similar incentive packages and this will be the last time the Company issues significant option packages to a Non-Executive Director, either current or future.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014 of the Market Abuse Regulation

Enquiries:

Altitude Group plc - via Instinctif Partners 020 7457 2020

Nichole Stella, Chief Executive Officer

Graeme Couturier, Chief Financial Officer

Peter Hallett, Non-Executive Chairman

finnCap Ltd 020 7220 0500

Jonny Franklin-Adams / Scott Mathieson (Corporate Finance)

Richard Chambers (ECM)

Instinctif Partners 020 7457 2020

Matthew Smallwood

Chantal Woolcock

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
            1.   Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                             Deborah Wilkinson 
                -------------------------------  --------------------------------------- 
            2.   Reason for the Notification 
                ------------------------------------------------------------------------ 
 a)              Position/status                  PDMR: Chief Operational Officer 
                -------------------------------  --------------------------------------- 
 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                              213800VACSTYYSI39R89 
                -------------------------------  --------------------------------------- 
 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,             Options over ordinary shares of 0.4p 
                  type of instrument 
                 Identification code              GB00B0LSFV82 
                -------------------------------  --------------------------------------- 
 b)              Nature of the transaction        Grant of Options over Ordinary Shares 
                -------------------------------  --------------------------------------- 
 c)              Price(s) and volume(s)            Exercise Price(s)    Volume(s) 
                                                    105 pence            560,000 
                                                                        ---------- 
                -------------------------------  --------------------------------------- 
 d)              Aggregated information: 
                   *    Aggregated volume           As above 
 
 
                   *    Price 
                -------------------------------  --------------------------------------- 
 e)              Date of the transaction          24 June 2019 
                -------------------------------  --------------------------------------- 
 f)              Place of the transaction         London Stock Exchange, AIM Market 
                                                   (XLON) 
                -------------------------------  --------------------------------------- 
 
 
 1.              Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                             Keith Edelman 
                -------------------------------  --------------------------------------- 
            2.   Reason for the Notification 
                ------------------------------------------------------------------------ 
 a)              Position/status                  PDMR: Non-Executive Director 
                -------------------------------  --------------------------------------- 
 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                              213800VACSTYYSI39R89 
                -------------------------------  --------------------------------------- 
 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,             Options over ordinary shares of 0.4p 
                  type of instrument 
                 Identification code              GB00B0LSFV82 
                -------------------------------  --------------------------------------- 
 b)              Nature of the transaction        Grant of Options over Ordinary Shares 
                -------------------------------  --------------------------------------- 
 c)              Price(s) and volume(s)            Exercise Price(s)    Volume(s) 
                                                    105 pence            500,000 
                                                                        ---------- 
                -------------------------------  --------------------------------------- 
 d)              Aggregated information: 
                   *    Aggregated volume           As above 
 
 
                   *    Price 
                -------------------------------  --------------------------------------- 
 e)              Date of the transaction          24 June 2019 
                -------------------------------  --------------------------------------- 
 f)              Place of the transaction         London Stock Exchange, AIM Market 
                                                   (XLON) 
                -------------------------------  --------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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June 25, 2019 02:01 ET (06:01 GMT)