22 Sep 2017 07:00
22 September 2017
ALTITUDE GROUP PLC
(the "Company" or "Altitude")
Update in relation to the Board
Altitude Group plc (AIM: ALT), the operator of a leading marketplace for personalised products, announces that following the recent board appointment of a new high calibre US based President of US Operations and changes in management reporting lines we have substantially increased our focus and attention to the $21 billion US market. It is however with regret that as a consequence, there is an implicit reduction in Sanjay Lobo's role and responsibilities as a UK based Managing Director.
As a result the Board has been notified by Sanjay that he has tendered his resignation from the Company, which the Board is yet to formally receive.
Peter Hallett, Executive Chairman of Altitude, said: "We would like to thank Sanjay for his efforts during his time with the Company. We are convinced that the restructured management team will be able to focus more effectively on the many substantial opportunities that are before us and we look forward to sharing our plans and interim results, which are in line with market expectations, next Tuesday."
Enquiries:
Altitude Group plc Peter Hallett, Executive Chairman | 07887 987469 | |
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finnCap ltd | 020 7220 0500 | |
Jonny Franklin-Adams (Corporate Finance) |
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Scott Mathieson (Corporate Finance) |
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Richard Chambers (Corporate broking) |
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The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Altitude Group (ALT)