Last checked at 12 Mar 2021 07:00
Altitude Group plc
("Altitude", the "Company" or the "Group")
Grant of Options
Altitude Group plc (AIM: ALT), the operator of a leading marketplace for the global promotional products industry, announces that on 11 March 2021 it granted 1,750,000 options in aggregate over ordinary shares of 0.4p each ("Ordinary Shares") to certain directors of the Group (the "Options").
Nichole Stella, Chief Executive Officer, has been issued nil cost options over 1,000,000 Ordinary Shares. Following the issue of Options, Nichole will be interested in options over 1,979,205 Ordinary Shares in total.
Graeme Couturier, Chief Financial Officer, has been issued nil cost options over 500,000 Ordinary Shares. Following the issue of Options, Graeme will be interested in options over 1,097,448 Ordinary Shares in total.
Deborah Wilkinson, Chief Operating Officer, has been issued nil cost options over 250,000 Ordinary Shares. Following the issue of Options, Deborah will be interested in options over 810,000 Ordinary Shares in total.
The Options will vest subject to the following conditions and expire on the fifth anniversary of the date of grant:
· 25% of the Options for each individual will vest on the market price of the Ordinary Shares reaching 50p
· The remaining 75% of the Options will vest on a linear basis for each 1p increase in the market price of the Ordinary Shares between 50p and 75p
· No options will be exercisable prior to the third anniversary of the date of grant
In aggregate the Options, when added to other employee options already in existence, will result in employee options equivalent to 9.9 per cent. of the issued share capital of the Company being in existence, with target prices to enable the exercise of said options at prices of between 84p and 300p.
Non-Executive Chairman Keith Edelman commented:
"I am delighted that we have implemented this long-term incentive grant mechanism for Nikki, Deborah and Graeme who are integral members of our executive team and will be crucial to helping the Company achieve its ambitious growth targets. The option awards are an attractive incentive to deliver substantial gains to all shareholders."
Enquiries:
Altitude Group plc - via finnCap | 020 7220 0500 |
Nichole Stella, Chief Executive Officer |
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Graeme Couturier, Chief Financial Officer |
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Keith Edelman, Non-Executive Chairman |
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finnCap Ltd | 020 7220 0500 |
Jonny Franklin-Adams / Charlie Beeson (Corporate Finance) |
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Richard Chambers (ECM) |
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The notifications set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Deborah Wilkinson | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Operational Officer | ||||
b) | Initial notification/Amendment |
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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
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Identification code | GB00B0LSFV82 | |||||
b) | Nature of the transaction | Grant of Options over Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
As above | ||||
e) | Date of the transaction | 11 March 2021 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Nichole Stella | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/Amendment |
| ||||
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) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
As above | ||||
e) | Date of the transaction | 11 March 2021 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Graeme Couturier | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment |
| ||||
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) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
As above | ||||
e) | Date of the transaction | 11 March 2021 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||