Grant of Options

RNS Number : 2667D

Altitude Group PLC

25 June 2019

 

25 June 2019

ALTITUDE GROUP PLC

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

Grant of Options

Altitude Group plc (AIM: ALT), the operator of a leading marketplace for personalised products, announces that it has granted 1,060,000 options in aggregate over ordinary shares of 0.4p each ("Ordinary Shares") to certain directors of the Group (the "Options").

The Options have been granted in amounts of 560,000 and 500,000 to Deborah Wilkinson (Chief Operating Officer) and Keith Edelman (Non-Executive Director) (together the "Option Recipients") respectively. The Options are exercisable at a price of 105p, being the volume weighted average share price for the 30 days preceding the date of this announcement. Deborah Wilkinson's options are split into two equal amounts; the first half accrue and vest on a lineal basis across 36 months from the date of grant and the second half vest in three equal tranches based on the Group achieving share price targets of 200p, 250p and 300p. Keith Edelman's options vest in three equal tranches based upon the Group achieving share price targets of 200p, 250p and 300p.

Following grant, the Options represent the only options over Ordinary Shares that Deborah Wilkinson and Keith Edelman will be interested in. In aggregate the Options, when added to other employee options already in existence, will result in employee options equivalent to 6.09 per cent. of the issued share capital of the Company being in existence.

The Options are being granted to align all of the Board on similar incentive packages and this will be the last time the Company issues significant option packages to a Non-Executive Director, either current or future.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014 of the Market Abuse Regulation

Enquiries:

Altitude Group plc - via Instinctif Partners                                                          020 7457 2020

Nichole Stella, Chief Executive Officer                                                                   

Graeme Couturier, Chief Financial Officer                                                            

Peter Hallett, Non-Executive Chairman                                                                 

finnCap Ltd                                                                                                     020 7220 0500

Jonny Franklin-Adams / Scott Mathieson (Corporate Finance)   

Richard Chambers (ECM)

Instinctif Partners                                                                                                020 7457 2020

Matthew Smallwood

Chantal Woolcock           

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	Deborah Wilkinson
2.	Reason for the Notification
a)	Position/status	PDMR: 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, type of instrument	Options over ordinary shares of 0.4p
	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) 105 pence 560,000
d)	Aggregated information: ·      Aggregated volume ·      Price	As above
e)	Date of the transaction	24 June 2019
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Keith Edelman
2.	Reason for the Notification
a)	Position/status	PDMR: Non-Executive Director
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, type of instrument	Options over ordinary shares of 0.4p
	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) 105 pence 500,000
d)	Aggregated information: ·      Aggregated volume ·      Price	As above
e)	Date of the transaction	24 June 2019
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

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