TIDMALT

RNS Number : 0302S

Altitude Group PLC

12 March 2021

Altitude Group plc

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

Grant of Options

Altitude Group plc (AIM: ALT), the operator of a leading marketplace for the global promotional products industry, announces that on 11 March 2021 it granted 1,750,000 options in aggregate over ordinary shares of 0.4p each ("Ordinary Shares") to certain directors of the Group (the "Options").

Nichole Stella, Chief Executive Officer, has been issued nil cost options over 1,000,000 Ordinary Shares. Following the issue of Options, Nichole will be interested in options over 1,979,205 Ordinary Shares in total.

Graeme Couturier, Chief Financial Officer, has been issued nil cost options over 500,000 Ordinary Shares. Following the issue of Options, Graeme will be interested in options over 1,097,448 Ordinary Shares in total.

Deborah Wilkinson, Chief Operating Officer, has been issued nil cost options over 250,000 Ordinary Shares. Following the issue of Options, Deborah will be interested in options over 810,000 Ordinary Shares in total.

The Options will vest subject to the following conditions and expire on the fifth anniversary of the date of grant:

-- 25% of the Options for each individual will vest on the market price of the Ordinary Shares reaching 50p

-- The remaining 75% of the Options will vest on a linear basis for each 1p increase in the market price of the Ordinary Shares between 50p and 75p

   --      No options will be exercisable prior to the third anniversary of the date of grant 

In aggregate the Options, when added to other employee options already in existence, will result in employee options equivalent to 9.9 per cent. of the issued share capital of the Company being in existence, with target prices to enable the exercise of said options at prices of between 84p and 300p.

Non-Executive Chairman Keith Edelman commented:

"I am delighted that we have implemented this long-term incentive grant mechanism for Nikki, Deborah and Graeme who are integral members of our executive team and will be crucial to helping the Company achieve its ambitious growth targets. The option awards are an attractive incentive to deliver substantial gains to all shareholders."

Enquiries:

 
  Altitude Group plc - via finnCap                    020 7220 0500 
  Nichole Stella, Chief Executive Officer 
  Graeme Couturier, Chief Financial Officer 
  Keith Edelman, Non-Executive Chairman 
 
  finnCap Ltd                                         020 7220 0500 
  Jonny Franklin-Adams / Charlie Beeson (Corporate 
   Finance) 
  Richard Chambers (ECM) 
 

The notifications set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

 
      Details of the person discharging managerial 
       responsibilities / person closely associated 
 a)   Name                             Deborah Wilkinson 
     -------------------------------  --------------------------------------- 
 2.   Reason for the Notification 
     ------------------------------------------------------------------------ 
 a)   Position/status                  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) 
                                         nil                  250,000 
                                                             ---------- 
     -------------------------------  --------------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           As above 
 
 
        *    Price 
     -------------------------------  --------------------------------------- 
 e)   Date of the transaction          11 March 2021 
     -------------------------------  --------------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM Market 
                                        (XLON) 
     -------------------------------  --------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
 a)   Name                             Nichole Stella 
     -------------------------------  --------------------------------------- 
 2.   Reason for the Notification 
     ------------------------------------------------------------------------ 
 a)   Position/status                  Chief Executive 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) 
                                         nil                  1,000,000 
                                                             ---------- 
     -------------------------------  --------------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           As above 
 
 
        *    Price 
     -------------------------------  --------------------------------------- 
 e)   Date of the transaction          11 March 2021 
     -------------------------------  --------------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM Market 
                                        (XLON) 
     -------------------------------  --------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
 a)   Name                             Graeme Couturier 
     -------------------------------  --------------------------------------- 
 2.   Reason for the Notification 
     ------------------------------------------------------------------------ 
 a)   Position/status                  Chief Financial 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) 
                                         nil                  500,000 
                                                             ---------- 
     -------------------------------  --------------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           As above 
 
 
        *    Price 
     -------------------------------  --------------------------------------- 
 e)   Date of the transaction          11 March 2021 
     -------------------------------  --------------------------------------- 
 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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHFFFLFVDILLIL

(END) Dow Jones Newswires

March 12, 2021 02:00 ET (07:00 GMT)