Altitude Group PLC Grant of Options (2667D)
June 25 2019 - 1:01AM
UK Regulatory
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 rns@lseg.com or visit www.rns.com.
END
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