05:15 Thu 15 Aug 2019
Altitude Group PLC - Potential Disposal and Directorate Change
(the "Company", the "Group" or "Altitude")
Potential asset disposal and Directorate Change
Potential asset disposal
The Company has received an unsolicited approach which may or may not lead to an offer for our Manchester based promotional product Trade Onlytm supply business,
In recognition of the value potential of the US business and our increasing focus of management resources on AIMastermind ("AIM") in the US, the Board has decided to explore the potential divestment of ADP.
The ADP business has a reputation for speed of delivery and value pricing and its recently increased operational capacity will allow it to grow sales substantially and is therefore an attractive proposition to
Directorate Change
Gellan Watt, a Non-Executive Director of the Company, will step down from the Board at the end of
As our value creation shifts fully to the North American market opportunity, we have considered the composition of the Board and have determined to focus our efforts on the recruitment of a new Non-Executive Director with US experience.
"We have a clear focus on providing incredible services to our
Finally, on behalf of the Board, I would like to thank Gellan for his contribution to the legacy businesses over the last few years and wish him all the best with his future endeavors."
Enquiries:
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Via
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finnCap ltd |
020 7220 0500 |
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020 7457 2020 |
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