REG - Altitude Group PLC - Director Dealing, Issue and Exercise of Options

AltitudeAnnouncement

06/06/2018 07:05

RNS Number : 4199Q
Altitude Group PLC
06 June 2018
 


ALTITUDE GROUP PLC
 (the "Company" or "Altitude")
 
Director Dealing, Issue of Options and Exercise of Options
 
 
Altitude Group plc (AIM: ALT), the operator of a leading marketplace for personalised products, announces the following matters concerning the ordinary shares of the Company:
 
Director Dealing
 
The Company has been notified that Nichole Stella, Chief Executive Officer, yesterday bought 8,000 ordinary shares of 0.4 pence each in the Company ("Ordinary Shares") at a price of 94.7 pence per Ordinary Share (the "Share Purchase"). Following the Share Purchase Nichole will be interested in 8,000 Ordinary Shares.
 
Issue of Options
 
The Company has today issued 1,650,000 share options in aggregate to Chief Executive Officer Nichole Stella and Chief Financial Officer Graeme Couturier (the "Options").
 
Nichole Stella has been issued nil cost options over 1,000,000 Ordinary Shares. Following the issue of Options Nichole will be interested in options over 1,437,609 Ordinary Shares in total. Mr. Couturier has been issued options over 400,000 Ordinary Shares at 60p each and over 250,000 Ordinary Shares at nil cost. These represent the first grant of options over Ordinary Shares to Graeme.
 
The Options will vest subject to the following conditions and expire on the fifth anniversary of the date of grant:
 
·     50% of the Options for each individual will vest on a time accrued basis over three years; and
·     50% of the Options for each individual will vest in three equal tranches on the market price of the Ordinary Shares reaching (i) 200p; (ii) 250p; and (iii) 300p.
 
Non-Executive Chairman Peter Hallett commented:
"I am delighted that we have implemented this long-term incentive mechanism for Nikki and Graeme who are both 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."
Exercise of Options
The Company has been notified that Shaun Parker, Chief Operating Officer, and Deborah Wilkinson, Head of Technology and a PDMR, have each exercised options over Ordinary Shares. Shaun Parker has exercised 250,000 options at a price of 11.95 pence per Ordinary Share and Deborah Wilkinson has exercised 600,000 options at a price of 10.55 pence per Ordinary Share.
 
Application has been made for the 850,000 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 12 June 2018 ("Admission"). The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company. Following Admission, the Company's issued share capital will consist of 54,195,192 Ordinary Shares. Accordingly, the figure of 54,195,192 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
 
 
Enquiries:
 




Altitude Group plc
Nichole Stella, Chief Executive Officer
Peter Hallett, Non - Executive Chairman
Graeme Couturier, Chief Financial Officer


 
+1 (215) 534 1350
07887 987469
07973 683234














finnCap ltd


 020 7220 0500




Jonny Franklin-Adams (Corporate Finance)








Scott Mathieson (Corporate Finance)








Richard Chambers (ECM)






















 
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
 
 
 




1.               


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Nichole Stella




2.               


Reason for the Notification




a)


Position/status


PDMR - Chief Executive Officer




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


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


 




Ordinary shares of 0.4p









Identification code


GB00B0LSFV82




b)


Nature of the transaction


Issue of Options
Share purchase




c)


Price(s) and volume(s)






Price(s)


Volume(s)




0p


1,000,000




94.7p


8,000









d)


Aggregated information:
·      Aggregated volume
·      Price


 
See above




e)


Date of the transaction


06 June 2018




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


PDMR - Chief Financial Officer




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


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


 




Ordinary shares of 0.4p









Identification code


GB00B0LSFV82




b)


Nature of the transaction


Issue of Options




c)


Price(s) and volume(s)






Price(s)


Volume(s)




60p


400,000




0p


250,000









d)


Aggregated information:
·      Aggregated volume
·      Price


 
650,000
As above




e)


Date of the transaction


06 June 2018




f)


Place of the transaction


London Stock Exchange, AIM Market (XLON)




 




1.    


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Deborah Wilkinson




2.               


Reason for the Notification




a)


Position/status


PDMR - Head of Technology




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


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


 




Ordinary shares of 0.4p









Identification code


GB00B0LSFV82




b)


Nature of the transaction


Exercise of Options




c)


Price(s) and volume(s)






Price(s)


Volume(s)




10.55p


600,000









d)


Aggregated information:
·      Aggregated volume
·      Price


 
See above




e)


Date of the transaction


05 June 2018




f)


Place of the transaction


London Stock Exchange, AIM Market (XLON)




 




1.    


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Shaun Parker




2.               


Reason for the Notification




a)


Position/status


Director - Chief Operating Officer




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


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


 




Ordinary shares of 0.4p









Identification code


GB00B0LSFV82




b)


Nature of the transaction


Exercise of Options




c)


Price(s) and volume(s)






Price(s)


Volume(s)




11.95p


250,000









d)


Aggregated information:
·      Aggregated volume
·      Price


 
See above




e)


Date of the transaction


05 June 2018




f)


Place of the transaction


London Stock Exchange, AIM Market (XLON)




 
 
 
 




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