REG - Altitude Group PLC - Grant of Options and PDMR Dealings

AltitudeAnnouncement

15/05/2025 07:00

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RNS Number : 7315I  Altitude Group PLC  15 May 2025

Altitude Group plc

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

Grant of Options and PDMR Dealings

Altitude Group plc (AIM: ALT), the leading end-to-end solutions provider for
branded merchandise, announces that on 13 May 2025 it granted options over
500,000 ordinary shares of 0.4p each ("Ordinary Shares") (the "Options") to
Alexander Brennan, Non-Executive Chair of the Company.

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

·      250,000 Options will vest if the closing price of an Ordinary
Share is 40 pence or higher for a period of 5 continuous days during the
Performance Period; and

·      250,000 Options will vest if the closing price of an Ordinary
Share is 50 pence or higher for a period of 5 continuous days during the
Performance Period.

Once vested, the 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 Options, when added to other employee options already in
existence, will result in employee options existing in relation to
approximately 7.6 per cent. of the issued share capital of the Company.

Of this, options over 2.8% per cent of the issued share capital of the Company
are at exercise prices of between 75 pence and 97.5 pence per Ordinary Share
and 4.2% are exercisable on achievement of EPS growth targets over a three
year period.

For enquiries, please contact:

 Altitude Group plc                           Via Zeus Capital

 Nichole Stella, Chief Executive Officer

 Graham Feltham, 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:                                     Alexander Brennan
 2   Reason for the notification
 a)  Position/Status:                          Non-Executive Chair

 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                                                                   500,000
 d)  Aggregated volume:                        See above

     Price:
 e)  Date of the Transaction:                  13 May 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

500,000

d)

Aggregated volume:

Price:

See above

e)

Date of the Transaction:

13 May 2025

f)

Place of the Transaction:

Off Market

 

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