Altitude Group PLC Issue of Equity (5046V)
January 30 2017 - 11:14AM
UK Regulatory
TIDMALT
RNS Number : 5046V
Altitude Group PLC
30 January 2017
Altitude Group plc
("Altitude" or the "Company")
ISSUE OF EQUITY
The Company announces that it has received a notice of exercise
in relation to an option to subscribe for 1,500,060 ordinary shares
of 0.4p each ("Ordinary Shares") at a price of 36p per share (the
"Option").
The Option was granted to Zeus Capital Limited, the Company
Financial Adviser and Nominated Adviser at the time of the
Company's admission to trading on AIM in November 2005. Details of
the Option were set out in the Company's AIM admission document
dated 21 October 2005.
The Company has issued and allotted the 1,500,060 new Ordinary
Shares resulting from the exercise of the Option and application
has been made for their admission to trading on AIM which is
expected to take place at 8.00 a.m. on 3 February 2017.
Following the issue of the new Ordinary Shares, there are
46,378,525 Ordinary Shares in issue with each share carrying the
right to one vote. This is the total voting rights figure which 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.
Enquiries:
Altitude Group plc
Peter Hallett, Chairman 07887 987469
WH Ireland Limited (Nominated
Adviser and Broker)
Tim Feather/Ed Allsopp 0113 394 6600
This information is provided by RNS
The company news service from the London Stock Exchange
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