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 27 October 2022 it granted options over a total of 2,022,000 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 1,062,000 Ordinary Shares. Following the issue of Options, Nichole will be interested in options over 2,062,000 Ordinary Shares in total.
Graham Feltham, Chief Financial Officer, has been issued nil cost options over 560,000 Ordinary Shares. Following the issue of Options, Graham will be interested in options over 1,004,444 Ordinary Shares in total.
Deborah Wilkinson, Chief Operating Officer, has been issued nil cost options over 400,000 Ordinary Shares. Following the issue of Options, Deborah will be interested in options over 1,210,000 Ordinary Shares in total.
The Options will vest over 3 years from the date of grant, subject to the following performance conditions, and expire 1 year after the third anniversary of the grant. Vesting of the Options is conditional on the achievement of stretching earnings per share and total shareholder return targets, and are only exercisable from 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 existing in relation to approximately 8.7 per cent. of the issued share capital of the Company. Of this, options over 8.1 per cent of the issued share capital of the Company are at exercise prices well in excess of the current share price of the Company, with exercise prices of between 46p and 105p.
For enquiries, please contact:
| Altitude Group plc Nichole Stella, Chief Executive Officer Graham Feltham, Chief Financial Officer
| Via Zeus Capital |
| Zeus (Nominated Adviser & Broker) Dan Bate / David Foreman / James Edis (Investment Banking) Dominic King (Corporate Broking) | Tel: 0203 829 5000 |
The information set out below is provided in accordance with the requirements of Article 19 of the Market Abuse Regulation
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: | i) Nichole Stella ii) Graham Feltham iii) Deborah Wilkinson | ||||
| 2 | Reason for the notification | |||||
| a) | Position/Status:
| i) Chief Executive Officer ii) Chief Financial Officer iii) Chief Operating Officer | ||||
| b) | Initial Notification/Amendment:
| Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | |||||
| a) | Name: | Altitude Group plc | ||||
| b) | LEI: |
| ||||
| 4. | Details of 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:
Identification code: | Ordinary shares of 0.4p
GB00B0LSFV82 | ||||
| b) | Nature of the transaction:
| Grant of Options | ||||
| c) | Price(s) and volume(s): |
| Price(s) | Volume(s) | ||
| i) | Nil | 1,062,000 | ||||
| ii) | Nil | 560,000 | ||||
| iii) | Nil | 400,000 | ||||
| d) | Aggregated volume: Price: | See above | ||||
| e) | Date of the Transaction: | 27th October 2022 | ||||
| f) | Place of the Transaction: | Off Market | ||||
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