Exercise of Options and PDMR Shareholdings

RNS Number : 5179P

Altitude Group PLC

18 November 2016

 

Altitude Group plc

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

Exercise of Options and PDMR Shareholdings

Altitude was notified on 17 November 2016 of the following transactions in ordinary shares of 0.4 pence each in the Company ("Ordinary Shares") by directors of the Company.

On 17 November 2016 Richard Sowerby, Non-executive Director exercised options over 250,000 Ordinary Shares at an exercise price of 14.25p per share.  Following the exercise, Mr Sowerby holds 650,000 shares, or 1.45% of the issued share capital.

Also on 17 November 2016, Martin Varley, Chief Executive Officer, exercised options over 120,000 Ordinary Shares at an exercise price of 14.25p per share.  Prior to the exercise of options, Mr Varley sold 120,000 Ordinary Shares at a price of 84.0p each in order for his holding to remain below 30% of the issued share capital.  Mr Varley holds 13,047,559 Ordinary Shares, or 29.07% of the issued share capital.

The Company has also issued and allotted a further 550,000 Ordinary Shares of 0.4 pence each pursuant to the exercise of share options by employees under its Enterprise Management Incentive Share Option Scheme.

Application has been made for the 920,000 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on or about 8.00 a.m. on 24 November 2016 ("Admission").  Following these transactions there are current options and warrants outstanding amounting to 3,400,000 shares.

Following the issue of the new Ordinary Shares, there are 44,878,465 Ordinary Shares in issue with each share carrying the right to one vote.  This is the total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares acquired.

Enquiries:

Altitude Group plc Peter Hallett, Chairman	07887 987469
WH Ireland Limited (Nominated Adviser and Broker) Tim Feather/Ed Allsopp	0113 394 6600

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Richard Sowerby
2	Reason for the notification
a)	Position/status	Non-Executive Director, Altitude Group plc
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	N/A
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, type of instrument Identification code	Ordinary shares of 0.4p each GB00B0LSFV82
b)	Nature of the transaction	Exercise of share options
c)	Price(s) and volume(s)	Price(s) Volume(s)  14.25p 250,000
d)	Aggregated information -     Aggregated volume -     Price	250,000 £35,625
e)	Date of the transaction	17 November 2016
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Martin Varley
2	Reason for the notification
a)	Position/status	Chief Executive Officer, Altitude Group plc
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	N/A
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, type of instrument Identification code	Ordinary shares of 0.4p GB00B0LSFV82
b)	Nature of the transactions	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 84.0p 120,000
d)	Aggregated information -     Aggregated volume -     Price	120,000 £100,800
e)	Date of the transaction	17 November 2016
f)	Place of the transaction	London Stock Exchange, AIM

a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.4p GB00B0LSFV82
b)	Nature of the transactions	Exercise of share options
c)	Price(s) and volume(s)	Price(s) Volume(s) 14.25p 120,000
d)	Aggregated information -     Aggregated volume -     Price	120,000 £17,100
e)	Date of the transaction	17 November 2016
f)	Place of the transaction	London Stock Exchange, AIM

ENDS

 

END

 

 

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