REG - Altitude Group PLC - Grant of Options

AltitudeAnnouncement

28/10/2022 07:00

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RNS Number : 4316E  Altitude Group PLC  28 October 2022

Altitude Group plc

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

Grant of Options

Altitude Group plc (AIM: ALT), the operator of a leading marketplace for the
global promotional products industry, announces that on 27 October 2022 it
granted options over a total of 2,022,000 ordinary shares of 0.4p each
("Ordinary Shares") to certain directors of the Group (the "Options").

Nichole Stella, Chief Executive Officer, has been issued nil cost options over
1,062,000 Ordinary Shares. Following the issue of Options, Nichole will be
interested in options over 2,062,000 Ordinary Shares in total.

Graham Feltham, Chief Financial Officer, has been issued nil cost options over
560,000 Ordinary Shares. Following the issue of Options, Graham will be
interested in options over 1,004,444 Ordinary Shares in total.

Deborah Wilkinson, Chief Operating Officer, has been issued nil cost options
over 400,000 Ordinary Shares. Following the issue of Options, Deborah will be
interested in options over 1,210,000 Ordinary Shares in total.

The Options will vest over 3 years from the date of grant, subject to the
following performance conditions, and expire 1 year after the third
anniversary of the grant. Vesting of the Options is conditional on the
achievement of stretching earnings per share and total shareholder return
targets, and are only exercisable from the third anniversary of the date
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 8.7 per cent. of the issued share capital of the Company. Of
this, options over 8.1 per cent of the issued share capital of the Company are
at exercise prices well in excess of the current share price of the Company,
with exercise prices of between 46p and 105p.

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 / David Foreman / James Edis (Investment Banking)

 Dominic King (Corporate Broking)

 

The information set out below is provided in accordance with the requirements
of Article 19 of the Market Abuse Regulation

 

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:                                     i)          Nichole Stella

                                               ii)         Graham Feltham

                                               iii)         Deborah Wilkinson
 2   Reason for the notification
 a)  Position/Status:                          i)          Chief Executive Officer

                                               ii)         Chief Financial Officer

                                               iii)         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)
     i)                                                              Nil                   1,062,000
     ii)                                                             Nil                   560,000
     iii)                                                            Nil                   400,000
 d)  Aggregated volume:                        See above

     Price:
 e)  Date of the Transaction:                  27(th) October 2022
 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)

i)

Nil

1,062,000

ii)

Nil

560,000

iii)

Nil

400,000

d)

Aggregated volume:

Price:

See above

e)

Date of the Transaction:

27(th) October 2022

f)

Place of the Transaction:

Off Market

 

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