Altitude Group PLC Grant of Options (0302S)
March 12 2021 - 1:00AM
UK Regulatory
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)
Altitude (LSE:ALT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Altitude (LSE:ALT)
Historical Stock Chart
From Apr 2023 to Apr 2024
