Altitude Group PLC Directorate Change (5029R)
September 22 2017 - 2:01AM
UK Regulatory
TIDMALT
RNS Number : 5029R
Altitude Group PLC
22 September 2017
22 September 2017
ALTITUDE GROUP PLC
(the "Company" or "Altitude")
Update in relation to the Board
Altitude Group plc (AIM: ALT), the operator of a leading
marketplace for personalised products, announces that following the
recent board appointment of a new high calibre US based President
of US Operations and changes in management reporting lines we have
substantially increased our focus and attention to the $21 billion
US market. It is however with regret that as a consequence, there
is an implicit reduction in Sanjay Lobo's role and responsibilities
as a UK based Managing Director.
As a result the Board has been notified by Sanjay that he has
tendered his resignation from the Company, which the Board is yet
to formally receive.
Peter Hallett, Executive Chairman of Altitude, said: "We would
like to thank Sanjay for his efforts during his time with the
Company. We are convinced that the restructured management team
will be able to focus more effectively on the many substantial
opportunities that are before us and we look forward to sharing our
plans and interim results, which are in line with market
expectations, next Tuesday."
Enquiries:
Altitude Group plc
Peter Hallett, Executive
Chairman 07887 987469
finnCap ltd 020 7220 0500
Jonny Franklin-Adams (Corporate
Finance)
Scott Mathieson (Corporate
Finance)
Richard Chambers (Corporate
broking)
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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