Last checked at 18 Nov 2016 07:00
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) |
| ||||
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) |
| ||||
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) |
| ||||
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