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Altitude Group PLC (ALT)

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Thursday 21 February, 2019

Altitude Group PLC

Update: Admission of Consideration Shares

RNS Number : 7442Q
Altitude Group PLC
21 February 2019
 

21 February 2019

 

Altitude Group plc

("Altitude" or the "Company")

 

Update: Admission of Consideration Shares

 

Altitude Group plc (AIM: ALT), the operator of a leading marketplace for personalised products announces that, further to the announcement on 16 January 2019, the independent valuation report of the non-cash consideration required under the Companies Act 2006 (the "Valuation Report") in relation to the acquisition of the business and assets of AI Mastermind has been received by the Company.

As such, the 860,294 Consideration Shares can now be issued, and application will therefore be made to the London Stock Exchange for the Consideration Shares to be admitted to trading on AIM. It is expected that the Consideration Shares will be admitted to trading on or around 8.00 a.m. on 27 February 2019.

Following Admission, the total number of Ordinary Shares in issue will be 68,785,223 and the total number of voting rights will therefore be 68,785,223. This figure 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the Company's announcement released on 11 January 2019.

For further information please contact:       

 

Altitude Group plc

Nichole Stella, Chief Executive Officer

Graeme Couturier, Chief Financial Officer

Peter Hallett, Non-Executive Chairman

 

Via Instinctif - 020 7457 20200

finnCap Ltd (Nominated Adviser & Broker)

Jonny Franklin-Adams (Corporate Finance)

Scott Mathieson (Corporate Finance)

Richard Chambers (ECM)

020 7220 05000

 

Instinctif Partners (Financial PR)

Matthew Smallwood

Chantal Woolcock

020 7457 20200

 


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