share option grant

RNS Number : 3252C

Altitude Group PLC

30 April 2012

 

30 April 2012

Altitude Group plc

("Altitude" or the "Company")

Issue of share options

Altitude (AIM: ALT), the provider of Technology and Information services to the promotional products and print sectors, announces that it resolved on 27 April 2012 to grant options over a total of 850,000 ordinary shares to a number of key employees of its wholly-owned subsidiary Trade Only Inc.  The options have an exercise price of 22.25p, being the closing mid-market share price on 26 April 2012 (the latest possible date prior to the date of grant) and are exercisable after three years.  None of the recipients are directors of the Company.

Martin Varley, CEO of Altitude, commented: "This issue of options demonstrates our commitment to providing appropriate incentives to key team members who are instrumental in successful delivery of our business plans and the creation of shareholder value."

Enquiries:

Altitude Group plc Colin Cooke (Chairman)  Martin Varley (Chief Executive)	Tel:  [phone]             Tel:  [phone]
Merchant Securities Limited Simon Clements/ Lindsay Mair	Tel:  [phone]

 

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