REG - Altitude Group PLC - Exercise & Grant of Options, PDMR Dealings and TVR

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RNS Number : 1810J  Altitude Group PLC  27 November 2025

Altitude Group plc

("Altitude", the "Company" or the "Group")

Exercise of Options, Grant of New Options, PDMR Dealings and Total Voting
Rights

Altitude Group plc (AIM: ALT), the leading end-to-end solutions provider for
branded merchandise, announces the following exercise of options granted to
certain employees and the grant of new options to employees on 27 November
2025.

Exercise of Share Options

Following the partial achievement of certain performance conditions relating
to nil cost share options (the "2022 Options") over ordinary shares of 0.4p
each ("Ordinary Shares"), 2022 Options over a total of 256,284 Ordinary Shares
have been exercised (the "2022 Option Exercise").  To the extent that the
performance conditions were not satisfied, the balance of 1,088,276 of the
2022 Options have lapsed. This includes the following 2022 Option Exercise by
a PDMR:

 Name               Role                     Number of 2022 Options Exercised  Number of 2022 Options Lapsed  Resulting Shareholding  Resulting Shareholding (%)
 Deborah Wilkinson  Chief Operating Officer  129,600                           270,400                        884,380                 1.2%

 

Grant of Share Options

The Company has granted options over 3,744,945 Ordinary Shares (the "2025
Options") to employees, including those PDMRs listed in the table below:

 Name               Role                     Number of 2025 Options
 Alexander Brennan  Executive Chairman       560,000
 Martin Varley      Chief Strategy Officer   560,000
 Deborah Wilkinson  Chief Operating Officer  640,000
 Drew Whibley       Chief Financial Officer  640,000

 

The 2025 Options are exercisable at nil cost and will vest on the achievement
of the following targets within the 3 year period following the date of grant
(the "Performance Period"):

Share Price Target - 20% of the 2025 Options will vest if the closing price of
an Ordinary Share is at least 40 pence for a period of 5 continuous days
during the Performance Period with up to a further 20% vesting, on a straight
line basis, if the closing price of an Ordinary Share is between 40 pence and
50 pence (or higher) for a period of 5 continuous days during the Performance
Period. In each case, any dividend payments made on Ordinary Shares during the
Performance Price will be added to the share price for the purpose of making
this calculation.

Earnings per Share Target - 30% of the 2025 Options will vest if adjusted
earnings per share for the year ended 31 March 2028 are at least 3.00 pence
with up to a further 30% vesting, on a straight-line basis, if adjusted
earnings per share for the year ended 31 March 2028 are between 3.00 pence and
3.85 pence (or higher).

Once vested, the 2025 Options will be exercisable between the third and fifth
anniversary of the date of grant and will expire two years after the third
anniversary of grant.

In aggregate the 2025 Options, when added to other employee options already in
existence, will result in employee options existing in relation to
approximately 7.3% of the issued share capital of the Company, all of which
are subject to the achievement of Share Price and Earnings per Share Targets,
which are set at or above those that apply to the 2025 Options.

 Admission and Total Voting Rights

Application has been made for the 256,284 new Ordinary Shares pursuant to the
2022 Option Exercise to be admitted to trading on AIM and dealings are
expected to commence on 2 December 2025 ("Admission").

The new Ordinary Shares will rank pari passu with the existing shares of the
Company. Following Admission, the Company's issued share capital will consist
of 73,170,458 Ordinary Shares.

Accordingly, the figure of 73,170,458 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.

For enquiries, please contact:

 

 Altitude Group plc                           Via Zeus

 Alexander Brennan, Executive Chairman

 Deborah Wilkinson, Chief Operating Officer

 Drew Whibley, Chief Financial Officer

 Zeus (Nominated Adviser & Broker)            Tel: 0203 829 5000

 Dan Bate / James Edis (Investment Banking)

 Dominic King (Corporate Broking)

 

 

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:                                     Deborah Wilkinson
 2   Reason for the notification
 a)  Position/Status:                          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:                                      213800VACSTYYSI39R89
 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:  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)
     Nil                                                                   129,600
 d)  Aggregated volume:                        See above

     Price:
 e)  Date of the Transaction:                  27 November 2025
 f)  Place of the Transaction:                 Off Market

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:

 

Exercise of Options

c)

Price(s) and volume(s):

Price(s)

Volume(s)

Nil

129,600

d)

Aggregated volume:

Price:

See above

e)

Date of the Transaction:

27 November 2025

f)

Place of the Transaction:

Off Market

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                     Alexander Brennan
 2   Reason for the notification
 a)  Position/Status:                          Executive Chairman

 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:                                      213800VACSTYYSI39R89
 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:  Ordinary shares of 0.4p

     Identification code:                      GB00B0LSFV82
 b)  Nature of the transaction:                Grant of Options

 c)  Price(s) and volume(s):                   Price(s)                    Volume(s)
     Nil                                                                   560,000
 d)  Aggregated volume:                        See above

     Price:
 e)  Date of the Transaction:                  27 November 2025
 f)  Place of the Transaction:                 Off Market

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)

Nil

560,000

d)

Aggregated volume:

Price:

See above

e)

Date of the Transaction:

27 November 2025

f)

Place of the Transaction:

Off Market

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                     Martin Varley
 2   Reason for the notification
 a)  Position/Status:                          Chief Strategy 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:                                      213800VACSTYYSI39R89
 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:  Ordinary shares of 0.4p

     Identification code:                      GB00B0LSFV82
 b)  Nature of the transaction:                Grant of Options

 c)  Price(s) and volume(s):                   Price(s)                    Volume(s)
     Nil                                                                   560,000
 d)  Aggregated volume:                        See above

     Price:
 e)  Date of the Transaction:                  27 November 2025
 f)  Place of the Transaction:                 Off Market

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)

Nil

560,000

d)

Aggregated volume:

Price:

See above

e)

Date of the Transaction:

27 November 2025

f)

Place of the Transaction:

Off Market

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                     Deborah Wilkinson
 2   Reason for the notification
 a)  Position/Status:                          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:                                      213800VACSTYYSI39R89
 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:  Ordinary shares of 0.4p

     Identification code:                      GB00B0LSFV82
 b)  Nature of the transaction:                Grant of Options

 c)  Price(s) and volume(s):                   Price(s)                    Volume(s)
     Nil                                                                   640,000
 d)  Aggregated volume:                        See above

     Price:
 e)  Date of the Transaction:                  27 November 2025
 f)  Place of the Transaction:                 Off Market

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)

Nil

640,000

d)

Aggregated volume:

Price:

See above

e)

Date of the Transaction:

27 November 2025

f)

Place of the Transaction:

Off Market

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                     Drew Whibley
 2   Reason for the notification
 a)  Position/Status:                          Chief Financial 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:                                      213800VACSTYYSI39R89
 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:  Ordinary shares of 0.4p

     Identification code:                      GB00B0LSFV82
 b)  Nature of the transaction:                Grant of Options

 c)  Price(s) and volume(s):                   Price(s)                    Volume(s)
     Nil                                                                   640,000
 d)  Aggregated volume:                        See above

     Price:
 e)  Date of the Transaction:                  27 November 2025
 f)  Place of the Transaction:                 Off Market

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)

Nil

640,000

d)

Aggregated volume:

Price:

See above

e)

Date of the Transaction:

27 November 2025

f)

Place of the Transaction:

Off Market

 

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