Altitude Group PLC Director/PDMR Shareholding (4745Q)
November 30 2016 - 2:01AM
UK Regulatory
TIDMALT
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 Ordinary shares of 0.4p
Identification code
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 500,000
GBP395,000
* Price
--- ------------------------------------------------------------ --------------------------------------------
e) Date of the transaction 29 November 2016
--- ------------------------------------------------------------ --------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ------------------------------------------------------------ --------------------------------------------
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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