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 |
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finnCap Ltd |
020 7220 0500 |
Jonny Franklin-Adams (Corporate Finance) |
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Scott Mathieson (Corporate Finance) |
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Richard Chambers (Corporate broking) |
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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 |
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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 |
|
Identification code |
GB00B0LSFV82 |
b) |
Nature of the transaction |
Grant of share options |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
68p |
367,000 |
|
d) |
Aggregated information: · Aggregated volume · Price |
See above |
e) |
Date of the transaction |
10 July 2017 |
f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON) |
