Altitude Group PLC Directorate Change and Notice of Results (5698Q)
September 13 2017 - 2:01AM
UK Regulatory
TIDMALT
RNS Number : 5698Q
Altitude Group PLC
13 September 2017
13 September 2017
ALTITUDE GROUP PLC
(the "Company" or "Altitude")
Director Appointment, Grant of Options and Notice of Results
Altitude Group plc (AIM: ALT), the operator of a leading
marketplace for personalised products, is pleased to provide the
following update regarding the appointment of a new executive
director, the grant of some options to that director and notice of
the date of publication of the Company's interim results.
Director Appointment
The Company is delighted to announce the appointment of Nichole
Stella as President of USA Operations and as an Executive Director
of the board with effect from 25(th) September 2017.
Throughout her career, Nichole has driven various organisations
to embrace change and implement new scaling strategies through
creative and innovative thinking.
Nichole was a leading force with the Promo Marketing Media
Group, a division of Napco Media (North American Publishing
Company), for the last 12 years and served as President and Chief
Revenue Officer of the group since 2013. Promo Marketing Media
Group is a leading source of services and information to the
promotional product and print distributor industries in the USA.
With a combined audience of nearly 40,000 distributors, the group
is the premiere source for industry news and produces two magazines
('Promo Marketing' and 'Print + Promo') as well as events,
newsletters, online search tools, marketing and lead generation
services, custom publishing and video production services.
Peter Hallett, Executive Chairman of Altitude, commented: "We
are delighted that Nichole is joining the Board at this most
exciting time for the Company. We have had the pleasure of knowing
Nichole and seeing her operate for the last 6 years and we are
delighted to have her bring her vast US industry knowledge and
experience to Altitude. Building a high-performance engagement team
in the USA and delivering growth in US transactional revenue is our
main focus and Nichole's experience and knowhow will ensure that we
achieve this."
Grant of Options
The Company will grant Nichole zero cost options over 437,609
ordinary shares in the Company (the "Options") at a price of 60p on
25 September 2017. The Options will vest in on a monthly pro rata
basis over three years (36 months) subject to continuous
employment. The Options will be exercisable for a period of five
years from the date of grant subject to the vesting conditions.
Notice of Results
The Company will report interim results for the six months to 30
June 2017 on 26 September 2017 and it is expected that these will
be in line with current management expectations.
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)
There is no further information to disclose regarding the
appointment of Nichole Yvonne Stella, aged 47, under Schedule 2(g)
of the AIM Rules for Companies.
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 Nichole Stella
--- ------------------------------- ---------------------------
2. Reason for the Notification
--- ------------------------------------------------------------
a) Position/status PDMR - Executive 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 Ordinary shares
of 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) --------- ----------
60p 437,609
--------- ----------
--- ------------------------------- ---------------------------
d) Aggregated information: See above
Aggregated
volume
Price
--- ------------------------------- ---------------------------
e) Date of the 25 September 2017
transaction
--- ------------------------------- ---------------------------
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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