TIDMALT
RNS Number : 4365F
Altitude Group PLC
17 May 2017
Altitude Group plc
("Altitude" or "the Company")
GBP3.7m placing of 6,191,669 new and existing Ordinary
Shares
Director Dealing
Acquisition
Exercise of Options
Altitude Group plc (AIM: ALT), the operator of a leading digital
marketplace for personalised products, is pleased to announce that,
finnCap, as the Company's broker, have conducted a placing of
2,025,002 existing ordinary shares of 0.4 pence each in the Company
and 4,166,667 new ordinary shares of 0.4 pence (together the
"Placing Shares") with new and existing institutional and other
investors (the "Placing").
The Placing Shares were sold at a price of 60 pence per share
("Placing Price") and represent, in aggregate, approximately 13.4
per cent. of the currently issued share capital of the Company. The
new ordinary shares being issued in relation to the Placing
represent approximately 9.0 per cent. of the currently issued share
capital of the Company.
Following the sell down of 2,025,002 ordinary shares of 0.4
pence each ("Ordinary Shares"), Keith Willis now holds 7,171,273
Ordinary Shares, representing 14.1 per cent. of the enlarged issued
share capital of the Company. These shares are subject to a 12
month lock-in.
Directors' Participation and Related Party Transaction
Certain Directors have subscribed for Placing Shares in the
Placing at the Placing Price as per the table below (the
"Directors' Participation"):
Directors Placing Shares Resultant shareholding
acquired
--------------- ----------------- --------------------------
Number of Number of % of Enlarged
Ordinary Shares Ordinary Issued Share
Shares Capital
--------------- ----------------- ---------- --------------
Peter Hallett 16,667 211,337 0.4%
--------------- ----------------- ---------- --------------
Sanjay Lobo 33,333 33,333 0.07%
--------------- ----------------- ---------- --------------
Gellan Watt 16,667 16,667 0.03%
--------------- ----------------- ---------- --------------
The participation of the Directors in the Placing constitutes a
related party transaction for the purposes of AIM Rule 13.
Martin Varley and Shaun Parker, the Company's President and
Chief Operating Officer respectively, are considered to be
independent directors for purposes of AIM Rule 13 ("Independent
Directors"). As such, the Independent Directors, having consulted
with the Company's nominated adviser, consider the Directors'
Participation to be fair and reasonable insofar as the Company's
shareholders are concerned.
Use of Proceeds
The net proceeds will be used to ensure the Company has
flexibility in funding to significantly increase the number of US
Channl.com web sites created for distributors and end users, gain
traction in terms of their activation and engagement and support
the UK launch of Channl.com through the acquisition of certain
assets of AdProducts.com Limited, a small UK based supplier of
promotional products, for cash consideration of approximately
GBP0.8 million (subject to a stock valuation adjustment). A further
announcement will be made in due course when the acquisition has
completed.
Exercise of Options
The Company further announces that on 17 May 2017, 300,000
Ordinary Shares were issued and allotted pursuant to the exercise
of share options.
Application has been made for 4,466,667 new Ordinary Shares to
be admitted to trading on AIM ("Admission") and dealings are
expected to commence on 23 May 2017. The new Ordinary Shares will
rank pari passu with the Company's existing Ordinary Shares.
The total number of Ordinary Shares in issue following Admission
will be 50,845,192. Accordingly, the figure of 50,845,192 may be
used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in the Company under the
FCA's Disclosure Guidance and Transparency Rules.
Peter Hallett, Executive Chairman of Altitude, commented:
"We are delighted with the support from both new and existing
investors in the Company. The funds raised will enable us to
accelerate the rollout of Channl.com in the US and UK and we look
forward to updating the market over the coming year."
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
For further information please contact:
Altitude Group plc
Peter Hallett, Chairman 07887 987469
finnCap Tel: 020 7220 0500
Jonny Franklin-Adams (Corporate
Finance)
Scott Mathieson (Corporate
Finance)
Richard Chambers (Corporate
Broking)
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------------
a) Name Sanjay Lobo
--- ------------------------------- ---------------------------------
2. Reason for the Notification
--- ------------------------------------------------------------------
a) Position/status PDMR: Managing 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 Purchase of ordinary shares
transaction
--- ------------------------------- ---------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
60p 33,333
--------- ----------
--- ------------------------------- ---------------------------------
d) Aggregated information:
* Aggregated volume Purchase of 33,333 ordinary
shares of 0.4 pence at GBP0.60
per ordinary share
* Price
--- ------------------------------- ---------------------------------
e) Date of the transaction 17 May 2017
--- ------------------------------- ---------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- ---------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
5. Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------------
a) Name Peter Hallett
--- ------------------------------- ----------------------------------
6. Reason for the Notification
--- -------------------------------------------------------------------
a) Position/status PDMR: Executive Chairman
--- ------------------------------- ----------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ----------------------------------
7. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------------------
a) Name Altitude Group plc
--- ------------------------------- ----------------------------------
b) LEI n/a
--- ------------------------------- ----------------------------------
8. 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 Purchase of ordinary shares
transaction
--- ------------------------------- ----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
60p 16,667
--------- ----------
--- ------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume Purchase of 16,667 ordinary
shares of 0.4 pence at GBP0.60p
per ordinary share
* Price
--- ------------------------------- ----------------------------------
e) Date of the transaction 17 May 2017
--- ------------------------------- ----------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- ----------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
9. Details of the person discharging managerial
responsibilities / person closely associated
---- ------------------------------------------------------------------
a) Name Gellan Watt
---- ------------------------------- ---------------------------------
10. Reason for the Notification
---- ------------------------------------------------------------------
a) Position/status PDMR: Non-Executive Director
---- ------------------------------- ---------------------------------
b) Initial notification/Amendment Initial notification
---- ------------------------------- ---------------------------------
11. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ------------------------------------------------------------------
a) Name Altitude Group plc
---- ------------------------------- ---------------------------------
b) LEI n/a
---- ------------------------------- ---------------------------------
12. 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 Purchase of ordinary shares
transaction
---- ------------------------------- ---------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
60p 16,667
--------- ----------
---- ------------------------------- ---------------------------------
d) Aggregated information:
* Aggregated volume Purchase of 16,667 ordinary
shares of 0.4 pence at GBP0.60
per ordinary share
* Price
---- ------------------------------- ---------------------------------
e) Date of the transaction 17 May 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
ROIFDLFFDEFBBBF
(END) Dow Jones Newswires
May 17, 2017 07:03 ET (11:03 GMT)
Altitude (LSE:ALT)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Altitude (LSE:ALT)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024
