REG - Altitude Group PLC - Directorate Changes and Update <Origin Href="QuoteRef">ALT.L</Origin>

AltitudeAnnouncement

15/07/2015 15:02

RNS Number : 5438L
Altitude Group PLC
28 April 2015
ALTITUDE GROUP PLC
("Altitude", the "Company" or the "Group")
Directorate Changes and Update
Altitude announces certain changes to the Board of the Company and a restructuring of the operations of the Group.
Board changes
Richard Sowerby, who was previously Finance Director, has been appointed Executive Chairman; Vicky Robinson, who is Managing Director of the Company's subsidiary, Trade Only Limited, has been appointed Group Managing Director and Peter Hallett has been appointed a Non-Executive Director. In addition, Martin Varley has been re-appointed to the Board in the role of Group Commercial Director.
Stephen Yapp has left the Board in order to pursue other business opportunities.
Vicky Robinson has worked for Altitude for over ten years and has most recently been responsible for the successful UK Exhibitions, Technology and Information businesses. She has an MBA from Manchester Business School and has over 20 years' experience within the markets that Altitude operates. Vicky is the beneficial owner of 652,158 ordinary shares in the Company, representing 1.5% of the issued share capital.
Peter Hallett is an experienced public company director and was until early 2014 Group Chief Financial Officer of both Redcentricplc ("Redcentric"), theAIM-quoted UK network and cloud managed service provider, and Castleton Technology plc ("Castleton"), the AIM-quoted infrastructure and network managed services provider. Castleton was previously named Redstone plc ("Redstone"), from which Redcentric was demerged in April 2013. Peter played an instrumental role in the demerger process, which was the culmination of a successful and complex turnaround of Redstone commencing on his appointment in 2009. In addition Peter was previously finance director of Texas Homecare and First Quench.
Update
The Board is in the process of implementing a restructuring of the Group's operations in order to enhance efficiency and reduce overheads. The restructuring will include a combination of business units and will result in a number of redundancies.
The Board expects that the restructuring can be achieved without an impact on levels of business and will result in a material reduction in ongoing costs.
Enquiries:
Altitude Group plc

Richard Sowerby (Executive Chairman)
Tel: 07525 220876


WH Ireland Limited (Nominated Adviser and Broker)
Tel: 0113 394 6600
Tim Feather
Liam Gribben

APPENDIX
The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies. 
Victoria Ann Robinson, aged 39, is currently a director of the following companies:
The Advertising Products Group Limited
Boxcam Limited
Charles Franklin Limited
Customer Focus Exhibitions Limited
Promoserve Business Systems Limited
Trade Only Limited
Trade Only Technology Services Limited
Peter John Hallett, aged 57, is, or has been within the previous five years, a director of the following companies:
Current
Previous


Paradigm Global (Holdings) Limited
Caltell Communications Limited
Paradigm Global Services (UK)
Castleton Communications Limited

Castleton Technology Plc

Compass Communications Technical Services Limited

Compass Telecom Limited

Comunica Group Limited

Dialnet Plc

Essential Network Solutions Limited

Fastnet Consulting Services Limited

Fastnet Group Limited

Fastnet Systems Plc

Fenfones Communications Limited

Genesis Telecommunications Limited

IDN Telecom Limited

Independent Digital Networks Limited

Isomatrix Uk Limited

Lend Lease Construction Management Services (One) Limited

Marcom Communications Limited

Net Quest Solutions Limited

Pure Networks Limited

Redcentric Managed Solutions Limited

Redstone Converged Solutions Limited

Redstone Group Holdings Limited

Redstone I4E Limited

Redstone Telecom Holdings Limited
Martin Roy Varley aged 52, is, or has been within the previous five years, a director of the following companies:
Current
Previous


Artworktool LLC.
Advertising Gifts.net Limited
Trade Only Limited
Altitude Group plc
Trade Only Technology Services Limited
Business Gifts Limited

Corporate Gifts Limited

Corporate Solutions (UK) Limited

Silent Kite Limited
Martin is the beneficial owner of 11,472,559 ordinary shares in the Company, representing 26.7% of the issued share capital.
There are no further disclosures required in accordance with the AIM Rules.

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