Altitude Group PLC PDMR Shareholding and Issue of Equity (5420S)

TIDMALT

RNS Number : 5420S

Altitude Group PLC

09 July 2020

9 July 2020

ALTITUDE GROUP PLC

(the "Company" or "Altitude")

PDMR Shareholding

and

Issue of Equity

Altitude Group plc (AIM: ALT), the operator of a leading marketplace for personalised products, announces that Peter Hallet, Non-Executive Director and a PDMR, has exercised 800,000 options over ordinary shares of 0.4 pence each in the Company ("Ordinary Shares") at a price of 9.5 pence per Ordinary Share (the "Share Purchase").

Mr Hallett has stated to the Board of Directors that he has no intention of selling any of the Ordinary Shares that will be issued to him as a result of the Option Exercise.

Application has been made for the new Ordinary Shares pursuant to the Option Exercise to be admitted to trading on AIM and dealings are expected to commence on 15 July 2020 ("Admission").

The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following Admission, the Company's issued share capital will consist of 70,096,179 Ordinary Shares. Accordingly, the figure of 70,096,179 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

Following Admission Peter Hallett will be interested in 1,2 43,196 Ordinary Shares representing approximately 1.77% of the Company's post Admission issued share capital.

Enquiries:

 
 Altitude Group plc                           Via Instinctif - 020 7457 
  Nichole Stella, Chief Executive                                  2020 
  Officer 
  Graeme Couturier, Chief Financial 
  Officer 
  Peter Hallett, Non-Executive Chairman 
 
 finnCap ltd                                              020 7220 0500 
 Jonny Franklin-Adams (Corporate Finance) 
 Charlie Beeson (Corporate Finance) 
 Richard Chambers (ECM) 
 
 Instinctif Partners (Financial 
  PR)                                                     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                             Peter Hallett 
                -------------------------------  ---------------------------------- 
            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,             Ordinary shares of 0.4p 
                  type of instrument 
                 Identification code              GB00B0LSFV82 
                -------------------------------  ---------------------------------- 
 b)              Nature of the transaction        Exercise of Options 
                -------------------------------  ---------------------------------- 
 c)              Price(s) and volume(s)            Price(s)   Volume(s) 
                                                    9.5p       800,000 
                                                              ---------- 
                -------------------------------  ---------------------------------- 
 d)              Aggregated information: 
                   *    Aggregated volume           As above 
 
 
                   *    Price 
                -------------------------------  ---------------------------------- 
 e)              Date of the transaction          15 July 2020 
                -------------------------------  ---------------------------------- 
 f)              Place of the transaction         London Stock Exchange, AIM Market 
                                                   (XLON) 
                -------------------------------  ---------------------------------- 
 

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July 09, 2020 04:23 ET (08:23 GMT)