REG - Altitude Group PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">ALT.L</Origin>

AltitudeAnnouncement

30/11/2016 07:07

RNS Number : 4745Q
Altitude Group PLC
30 November 2016
Altitude Group plc
("Altitude" or the "Company")

PDMR Shareholding
Altitude was notified on 29 November 2016 that on that day Martin Varley, Chief Executive Officer, sold 500,000 ordinary shares of 0.4 pence each in the Company ("Ordinary Shares") at a price of 79p per share. Following the sale Mr Varley holds 12,547,559 Ordinary Shares, or 27.96% of the issued share capital.
Mr Varley said: "I have sold these shares in order to satisfy demand from a new investor and only after it proved impossible to identify any other potential sellers of size. I have no current intention of selling any further shares.
"I am delighted that we have a new shareholder who has shown such greatinterest in our technology and opportunities."
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares acquired. 
Enquiries: 
Altitude Group plc
Peter Hallett, Chairman
07887 987469


WH Ireland Limited (Nominated Adviser and Broker)
Tim Feather/Ed Allsopp
0113 394 6600
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Martin Varley
2
Reason for the notification
a)
Position/status
Chief Executive Officer, Altitude Group plc
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
N/A
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
Identification code
Ordinary shares of 0.4p
GB00B0LSFV82
b)
Nature of the transactions
Sale of Ordinary Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
79.0p
500,000
d)
Aggregated information
- Aggregated volume
- Price
500,000
395,000
e)
Date of the transaction
29 November 2016
f)
Place of the transaction
London Stock Exchange, AIM
ENDS

This information is provided by RNS
The company news service from the London Stock Exchange
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