This
announcement contains inside information for the purposes of
Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms
part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Group's obligations under Article 17 of MAR.
Altitude Group
plc
("Altitude", the "Company" or the "Group")
Grant of Options and PDMR
Dealings
Altitude Group plc (AIM: ALT), the
operator of a leading marketplace for the global promotional
products industry, announces that on 17 May 2024 it granted options
over 2,675,000 over ordinary shares of 0.4p each ("Ordinary
Shares") in aggregate (the "Options"). The Options are exercisable
at nil cost, and included grants of 1,779,000 Options to certain
directors of the Group as follows:
· Nichole Stella, Chief Executive Officer, has been issued
Options over 862,000 Ordinary Shares. Following the issue of these
Options, Nichole will be interested in options over 2,384,000
Ordinary Shares in total.
· Graham
Feltham, Chief Financial Officer, has been issued Options
over 530,000 Ordinary Shares. Following the issue of these Options, Graham
will be interested in options over 1,534,444 Ordinary Shares in
total.
· Deborah Wilkinson, Chief Operating Officer, has been issued
Options over 387,000 Ordinary Shares. Following the issue of these
Options, Deborah will be interested in options over 1,182,001
Ordinary Shares in total.
The Options will vest,
subject to the achievement of certain performance
conditions, over a 3 year period from the
date of grant, and will expire 1 year after the third anniversary
of grant. Vesting of the Options is conditional on the achievement
of stretching earnings per share and total shareholder return
targets, and are only exercisable from 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 existing in relation to approximately
10 per cent. of the issued
share capital of the Company. Of this, options over
7.9 per cent of the issued
share capital of the Company are at exercise prices well in excess
of the current share price of the Company, with exercise prices of
between 46p and 105p.
For
enquiries, please contact:
|
Altitude Group plc
Nichole Stella, Chief Executive
Officer
Graham Feltham, Chief Financial
Officer
|
Via Zeus Capital
|
|
Zeus (Nominated Adviser &
Broker)
Dan Bate / David Foreman / James
Edis (Investment Banking)
Dominic King (Corporate
Broking)
|
Tel: 0203 829 5000
|
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:
|
i)
Nichole Stella
ii)
Graham Feltham
iii)
Deborah Wilkinson
|
|
2
|
Reason for the notification
|
|
a)
|
Position/Status:
|
i) Chief
Executive Officer
ii) Chief
Financial Officer
iii) Chief
Operating Officer
|
|
b)
|
Initial
Notification/Amendment:
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market
participation, auction platform, auctioneer or auction
monitor
|
|
a)
|
Name:
|
Altitude Group plc
|
|
b)
|
LEI:
|
|
|
4.
|
Details of 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:
Identification code:
|
Ordinary shares of 0.4p
GB00B0LSFV82
|
|
b)
|
Nature of the transaction:
|
Grant of Options
|
|
c)
|
Price(s) and volume(s):
|
|
Price(s)
|
Volume(s)
|
|
i)
|
Nil
|
862,000
|
|
ii)
|
Nil
|
530,000
|
|
iii)
|
Nil
|
387,000
|
|
d)
|
Aggregated volume:
Price:
|
See above
|
|
e)
|
Date of the Transaction:
|
17 May 2024
|
|
f)
|
Place of the Transaction:
|
Off Market
|