ALTITUDE GROUP PLC

Remuneration Information • Feb 8, 2017

National Storage Mechanism | Additional information

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RNS Number : 3736W

Altitude Group PLC

08 February 2017

Altitude Group plc

(the "Company")

ISSUE OF SHARE OPTIONS

The Company announces that it has today issued share options to Sanjay Lobo and Gellan Watt, who have joined the Company as Managing Director and Non-Executive Director respectively as announced on 25 January 2017.  Mr. Lobo's appointment to the Board remains subject to completion of customary due diligence.

Mr. Lobo and Mr. Watt have each been issued options under the Company EMI Scheme over 238,095 ordinary shares of 0.4p each ("Ordinary Shares"), exercisable at a price of 84p per share and vesting subject to the conditions set out below (the "Options"):

·     50% of the Options will vest on a time accrued basis over three years; and

·     50% of the Options will vest in three equal tranches on the market price of the Ordinary Shares reaching (i) 100p; (ii) 130p; and (iii) 160p.

The Options expire on the fifth anniversary of the date of grant.

In addition, Mr. Lobo has been issued options under the Company Unapproved Option Scheme over a further 47,619 Ordinary Shares on the same terms.

Enquiries:

Altitude Group plc Peter Hallett, Chairman	07887 987469
WH Ireland Limited (Nominated Adviser and Broker) Tim Feather/Ed Allsopp	0113 394 6600

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares acquired.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Sanjay Lobo

2

Reason for the notification

a)

Position/status

Managing Director, Altitude Group plc

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 the financial instrument, type of instrument

Identification code

Ordinary shares of 0.4p each

GB00B0LSFV82

b)

Nature of the transactions

Issue of options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
84p	285,714

d)

Aggregated information

-     Aggregated volume

-     Price

285,714

£240,000

e)

Date of the transaction

8 February 2017

f)

Place of the transaction

London Stock Exchange, AIM

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Gellan Watt

2

Reason for the notification

a)

Position/status

Non-Executive Director, Altitude Group plc

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 the financial instrument, type of instrument

Identification code

Ordinary shares of 0.4p each

GB00B0LSFV82

b)

Nature of the transactions

Issue of options over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
84p	238,095

d)

Aggregated information

-     Aggregated volume

-     Price

238,095

£200,000

e)

Date of the transaction

8 February 2017

f)

Place of the transaction

London Stock Exchange, AIM

This information is provided by RNS

The company news service from the London Stock Exchange

END

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