Altitude Group PLC Issue of Equity & Director/PDMR Shareholdings (2769M)
October 12 2016 - 2:00AM
UK Regulatory
TIDMALT
RNS Number : 2769M
Altitude Group PLC
12 October 2016
ALTITUDE GROUP PLC
("Altitude" or the "Company")
ISSUE OF EQUITY AND DIRECTOR/PDMR SHAREHOLDINGS
Altitude was notified on 11 October 2016 of the following
transactions in ordinary shares of 0.4p each in the Company
("Ordinary Shares") by directors of the Company.
On 11 October 2016 Richard Sowerby, Non-executive Director
exercised options over 250,000 Ordinary Shares at an exercise price
of 14.25p per share. Following the exercise, Mr Sowerby holds
400,000 shares, or 0.91% of the issued share capital.
Also on 11 October 2016, Martin Varley, Chief Executive Officer,
exercised options over 800,000 Ordinary Shares at an exercise price
of 14.25p per share. Prior to the exercise of options, Mr Varley
sold 300,000 Ordinary Shares at a price of 93.5p each in order for
his holding to remain below 30% of the issued share capital. Mr
Varley holds 13,047,559 Ordinary Shares, or 29.68% of the issued
share capital.
Application will be made for the 1,050,000 new Ordinary Shares
to be admitted to trading on AIM, which is expected to take place
on 18 October 2016.
Following the issue of the new Ordinary Shares, there are
43,958,465 Ordinary Shares in issue with each share carrying the
right to one vote. This is the total voting rights figure may be
used by shareholders as the denominator for the calculations by
which they will determine whether they are required to notify their
interests in, or a change to their interest in the Company under
the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
The information below, set out in accordance with the
requirements of the EU Market Abuse Regulation, provides further
detail on shares acquired.
Contact:
Altitude Group plc
Peter Hallett (Non-Executive Tel: 07887
Chairman) 987469
WH Ireland Limited (Nominated
Adviser and Broker)
Tim Feather Tel: 0113 394
Ed Allsopp 6600
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 Richard Sowerby
---- ------------------------------------------------------------- -------------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------------------------------------------
a) Position/status Non-Executive Director, 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 each
Identification code
GB00B0LSFV82
---- ------------------------------------------------------------- -------------------------------------------
b) Nature of the transaction Exercise of share options
---- ------------------------------------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
14.25p 250,000
--------- ----------
---- ------------------------------------------------------------- -------------------------------------------
d) Aggregated information
* Aggregated volume 250,000
14.25p
* Price
------------------------------------------------------------------ -------------------------------------------
e) Date of the transaction 11 October 2016
---- ------------------------------------------------------------- -------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
---- ------------------------------------------------------------- -------------------------------------------
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)
--------- ----------
93.5p 300,000
--------- ----------
--- ------------------------------------------------------------ --------------------------------------------
d) Aggregated information
* Aggregated volume 300,000
GBP280,500
* Price
--- ------------------------------------------------------------ --------------------------------------------
e) Date of the transaction 11 October 2016
--- ------------------------------------------------------------ --------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ------------------------------------------------------------ --------------------------------------------
a) Description of the financial instrument, type of instrument Ordinary shares of 0.4p
Identification code
GB00B0LSFV82
--- ------------------------------------------------------------ ---------------------------
b) Nature of the transactions Exercise of share options
--- ------------------------------------------------------------ ---------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
14.25p 800,000
--------- ----------
--- ------------------------------------------------------------ ---------------------------
d) Aggregated information
* Aggregated volume 800,000
GBP114,000
* Price
--- ------------------------------------------------------------ ---------------------------
e) Date of the transaction 11 October 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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