Altitude Group PLC Senior Management Appointment and Grant of Options (6539K)
July 11 2017 - 2:00AM
UK Regulatory
TIDMALT
RNS Number : 6539K
Altitude Group PLC
11 July 2017
ALTITUDE GROUP PLC
(the "Company" or "Altitude")
Senior Management Appointment and Grant of Options
Altitude Group plc (AIM: ALT), the operator of a leading
marketplace for personalised products, is pleased to announce that
Henry Joseph-Grant has joined the Company in a senior management
position and will focus on building a high-performance sales team
to accelerate the growth in merchants on our innovative
platform.
Henry has highly relevant experience from his success helping
build Just Eat from an early start-up in the UK to its $2.4 billion
initial public offering. He then went on to work for other leading
technology companies across the world and now utilises his
experience to help start-ups scale and is involved in mentoring
work with Seedcamp and PiLabs. He is also the founder of Peace Tech
in Northern Ireland helping local entrepreneurs. Henry's
achievements have seen him recognised with a number of awards
including recently being named in the top 25 of the 2017 Smith and
Williamson Power 100 which recognises the most influential people
in the UK entrepreneurial community.
Peter Hallett, Altitude's Executive Chairman, commented: "We are
thrilled that Henry has joined our team at this most exciting and
important phase of our growth plans. Henry has the perfect balance
of experience and energy to push our disruptive model forward. His
experience of growing teams that are targeted and incentivized on
the growth of 'throughput revenue', which we define as 'gross
transaction fees received', is ideal and highly relevant as to how
we now manage the Group"
The Company has granted options over 367,000 ordinary shares in
the Company to Henry (the "Options"). The Options have an exercise
price of 68p and are exercisable in various tranches over the next
three years with half of the Options being subject to certain share
price targets being achieved.
Enquiries:
Altitude Group plc
Peter Hallett, 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.
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Henry Joseph-Grant
--- ------------------------------- ---------------------------
2. Reason for the Notification
--- ------------------------------------------------------------
a) Position/status PDMR - Commercial Director
--- ------------------------------- ---------------------------
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 Ordinary shares
the Financial of 0.4p
instrument, type
of instrument
---
Identification GB00B0LSFV82
code
--- ------------------------------- ---------------------------
b) Nature of the Grant of share options
transaction
--- ------------------------------- ---------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
68p 367,000
--------- ----------
--- ------------------------------- ---------------------------
d) Aggregated information:
* Aggregated volume See above
* Price
--- ------------------------------- ---------------------------
e) Date of the transaction 10 July 2017
--- ------------------------------- ---------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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