PDMR Shareholding and Issue of Equity

RNS Number : 5420S
Altitude Group PLC
09 July 2020
 

9 July 2020

 

ALTITUDE GROUP PLC

 (the "Company" or "Altitude")

 

PDMR Shareholding

and

Issue of Equity

 

Altitude Group plc (AIM: ALT), the operator of a leading marketplace for personalised products, announces that Peter Hallet, Non-Executive Director and a PDMR, has exercised 800,000 options over ordinary shares of 0.4 pence each in the Company ("Ordinary Shares") at a price of 9.5 pence per Ordinary Share (the "Share Purchase").

 

Mr Hallett has stated to the Board of Directors that he has no intention of selling any of the Ordinary Shares that will be issued to him as a result of the Option Exercise.   

 

Application has been made for the new Ordinary Shares pursuant to the Option Exercise to be admitted to trading on AIM and dealings are expected to commence on 15 July 2020 ("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 70,096,179 Ordinary Shares. Accordingly, the figure of 70,096,179 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.

Following Admission Peter Hallett will be interested in 1,2 43,196 Ordinary Shares representing approximately 1.77% of the Company's post Admission issued share capital.

 

Enquiries:

 

Altitude Group plc

Nichole Stella, Chief Executive Officer

Graeme Couturier, Chief Financial Officer

Peter Hallett, Non-Executive Chairman

 

Via Instinctif - 020 7457 2020

 

 

finnCap ltd

 020 7220 0500

Jonny Franklin-Adams (Corporate Finance)

 

Charlie Beeson (Corporate Finance)

 

Richard Chambers (ECM)

 

 

 

Instinctif Partners (Financial PR)

 020 7457 2020

Matthew Smallwood

 

Chantal Woolcock

 

 

 

 

 

 

 

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

Peter Hallett

2. 

Reason for the Notification

a)

Position/status

PDMR: Non-Executive Director

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

213800VACSTYYSI39R89

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

 

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)

9.5p

800,000

 

d)

Aggregated information:

· Aggregated volume

· Price

 

As above

e)

Date of the transaction

15 July 2020

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 


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