Grant of Options

RNS Number : 3656R

Altitude Group PLC

25 October 2013

 



Altitude Group plc

(the "Company")

GRANT OF OPTIONS

Altitude Group plc (AIM: ALT), the provider of information and technology services, announces that on 24 October 2013 the following options were granted to members of the Board to acquire ordinary shares in the Company:

Director	Role	No. of shares
Stephen Yapp	Executive Chairman	1,720,000
Martin Varley	Group Commercial Director	1,720,000
Richard Sowerby	Chief Financial Officer	800,000

In addition, options have been granted over a total of 2,337,500 ordinary shares to other members of the Senior Management team.  In aggregate, therefore, a total of 6,577,500 options have been granted (the "Options").

The exercise price of all of the Options is 14.25 pence per share.  For each individual, 50% of the Options become exercisable on the third anniversary of the date of grant and the other 50% is based on the Company's share price performance.  Of the second 50%, one third of the Options become exercisable on the share price reaching 25p, a further third at 30p and the final third at 35p.

 Enquiries:

Altitude Group plc
Stephen Yapp (Executive Chairman)	Tel: [phone]
WH Ireland Limited (Nominated Adviser and Broker)
Tim Feather James Bavister	Tel: [phone]

 

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