Directorate Change and Notice of Results

RNS Number : 5698Q

Altitude Group PLC

13 September 2017

 

13 September 2017

ALTITUDE GROUP PLC

 (the "Company" or "Altitude")

Director Appointment, Grant of Options and Notice of Results

Altitude Group plc (AIM: ALT), the operator of a leading marketplace for personalised products, is pleased to provide the following update regarding the appointment of a new executive director, the grant of some options to that director and notice of the date of publication of the Company's interim results.

Director Appointment

The Company is delighted to announce the appointment of Nichole Stella as President of USA Operations and as an Executive Director of the board with effect from 25^thSeptember 2017.

Throughout her career, Nichole has driven various organisations to embrace change and implement new scaling strategies through creative and innovative thinking.

Nichole was a leading force with the Promo Marketing Media Group, a division of Napco Media (North American Publishing Company), for the last 12 years and served as President and Chief Revenue Officer of the group since 2013. Promo Marketing Media Group is a leading source of services and information to the promotional product and print distributor industries in the USA. With a combined audience of nearly 40,000 distributors, the group is the premiere source for industry news and produces two magazines ('Promo Marketing' and 'Print + Promo') as well as events, newsletters, online search tools, marketing and lead generation services, custom publishing and video production services. 

Peter Hallett, Executive Chairman of Altitude, commented: "We are delighted that Nichole is joining the Board at this most exciting time for the Company. We have had the pleasure of knowing Nichole and seeing her operate for the last 6 years and we are delighted to have her bring her vast US industry knowledge and experience to Altitude. Building a high-performance engagement team in the USA and delivering growth in US transactional revenue is our main focus and Nichole's experience and knowhow will ensure that we achieve this."

Grant of Options

The Company will grant Nichole zero cost options over 437,609 ordinary shares in the Company (the "Options") at a price of 60p on 25 September 2017. The Options will vest in on a monthly pro rata basis over three years (36 months) subject to continuous employment. The Options will be exercisable for a period of five years from the date of grant subject to the vesting conditions.

Notice of Results

The Company will report interim results for the six months to 30 June 2017 on 26 September 2017 and it is expected that these will be in line with current management expectations.

Enquiries:

Altitude Group plc Peter Hallett, Executive Chairman	07887 987469
finnCap ltd	020 7220 0500
Jonny Franklin-Adams (Corporate Finance)
Scott Mathieson (Corporate Finance)
Richard Chambers (Corporate broking)

There is no further information to disclose regarding the appointment of Nichole Yvonne Stella, aged 47, under Schedule 2(g) of the AIM Rules for Companies.

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

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nichole Stella
2.	Reason for the Notification
a)	Position/status	PDMR - 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	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	Ordinary shares of 0.4p
	Identification code	GB00B0LSFV82
b)	Nature of the transaction	Grant of share options
c)	Price(s) and volume(s)	Price(s) Volume(s) 60p 437,609
d)	Aggregated information: Ÿ Aggregated volume Ÿ Price	See above
e)	Date of the transaction	25 September 2017
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

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