Director/PDMR Shareholding

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 great interest 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

 

END

 

 

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