Last checked at 25 Jun 2019 07:00
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 |
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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) |
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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 |
| ||||
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 | 24 June 2019 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||