Grant of Options and PDMR Dealing
Altitude Group plc announced the grant of 1,000,000 ordinary share options to Independent Non-Executive Director Bob Wigley on March 11, 2026, exercisable at 22.50 pence. These options vest in three tranches based on continued directorship and future share price performance, with specific targets of 45.00 pence and 67.50 pence for full vesting. Upon vesting, the options can be exercised between the third and fifth anniversaries of the grant date. This grant, when combined with existing employee options, represents approximately 8.9% of the company's issued share capital.
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Altitude Group plc (AIM: ALT), a technology and services provider specialising in end-to-end solutions for the branded merchandise and promotional products industry, announces that on 11 March 2026 it granted options over 1,000,000 ordinary shares of 0.4p each ("Ordinary Shares") (the "Options") to Bob Wigley, Independent Non-Executive Director of the Company.
The Options are exercisable at 22.50 pence, being the closing price of an Ordinary Share on the Grant Date, and subject to satisfaction of the following vesting conditions.
- 333,333 Options will vest in three equal tranches of 111,111 Options on the first, second and third anniversaries of the 11 March 2026 ("Grant date"), subject to Bob Wigley remaining a director of the Company on each relevant vesting date
- 333,333 Options will vest if the closing price of an Ordinary Share is 45.00 pence or higher for a period of five continuous days during the three-year period the Grant Date; and
- 333,334 Options will vest if the closing price of an Ordinary Share is 67.50 pence or higher for a period of five continuous days during the three-year period the Grant Date
Once vested, the Options will be exercisable between the third and fifth anniversary of the Grant Date.
In aggregate the Options, when added to other employee options already in existence, will result in employee options existing in relation to approximately 8.9 per cent of the issued share capital of the Company.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name: | Bob Wigley | |
| 2 | Reason for the notification | ||
| a) | Position/Status: | Independent Non-Executive Director | |
| b) | Initial Notification/Amendment: | Initial Notification | |
| a) | Name: | Altitude Group plc | |
| b) | LEI: | 213800VACSTYYSI39R89 | |
| a) | Description of the financial instrument: Identification code: | Ordinary shares of 0.4p GB00B0LSFV82 | |
| b) | Nature of the transaction: | Grant of Options | |
| c) | Price(s) and volume(s): | Price(s) | Volume(s) |
| N/A | 1,000,000 | ||
| d) | Aggregated volume: Price: | See above | |
| e) | Date of the Transaction: | 11 March 2026 | |
| f) | Place of the Transaction: | Off Market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.