Altitude Group PLC Board Changes and Trading Update (3432T)
November 24 2021 - 2:00AM
UK Regulatory
TIDMALT
RNS Number : 3432T
Altitude Group PLC
24 November 2021
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
Altitude Group plc
("Altitude", the "Company" or the "Group")
Board Changes, Appointment of new Non-Executive Chairman and
Trading Update
Altitude Group plc (AIM: ALT), the operator of a leading
marketplace for personalised products, announces that Non-Executive
Chairman, Keith Edelman, has notified the board of his decision to
retire from his role as Chairman, with effect from 26 November
2021. The Board wish to thank Keith for his valuable contribution
to the Group during his term, especially throughout the global
COVID-19 pandemic, and wish him well in his future endeavours.
The board is further pleased to announce the appointment of
David Smith as Non-Executive Director with immediate effect, who
will step up to Chairman, with effect from 26 November 2021. David
brings extensive experience in the entrepreneurial and technology
driven insurance markets. He currently serves as the Chairman of
Lockton Companies, LLP and Non-Executive Director of AIG UK Ltd and
Bupa Insurance Company. In his executive career, David, held the
role of CEO of Zurich Insurance Plc and Chairman of Polaris UK, the
general insurance industry-owned standards and digital
trading/technology body.
Nichole Stella, Chief Executive Officer of Altitude Plc
commented :
"Firstly, I would like to thank Keith for his valuable support
throughout the pandemic and wish him well for the future. We are
delighted to welcome David Smith to the board. His expertise in
industries that have evolved through technology advancements and
industry shifting buying behaviours will be invaluable. I look
forward to working with David in his role of Non-Executive Chairman
as we continue to grow the business to benefit all
stakeholders."
Trading Update
The Group is pleased to report that it has made good progress in
the six months to 30 September 2021 ("HY1 2021") with US recovery
across the promotional product industry having accelerated recovery
for the Group. The Company is trading positively and in line with
management's expectations.
The Group will announce its HY1 21 interim results on 30
November 2021.
The following information is disclosed pursuant to Schedule 2(g)
of the AIM Rules for Companies.
David William Smith (aged 62) currently holds, and has held in
the last five years, the following directorships or
partnerships.
Current Directorships & Partnerships Directorships & Partnerships within
last 5 years
AIG UK Limited AA Insurance Services Limited
Bupa Insurance Limited The Chartered Insurance Institute
Bupa Insurance Services Limited
David and his connected persons currently hold 59,929 ordinary
shares in the Company, representing 0.08 per cent. of the Company's
current issued share capital.
For enquiries, please contact:
Altitude Group plc Via Zeus Capital
Nichole Stella, Chief Executive Officer
Graham Feltham, Chief Financial Officer
Zeus Capital Limited (Nominated Adviser & Broker) Tel: 0203 829
Dan Bate / David Foreman / James Edis (Corporate 5000
Finance)
Dominic King (Corporate Broking)
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END
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