Altitude signals potential disposal as share price surges

Altitude Group’s share price was rocketing ahead on Friday, forcing its board to issue a statement over the movement.

The AIM-traded company said it was in early-stage discussions over the sale of its exhibition and publications business, which - if completed - would result in Altitude focusing entirely on its technology operations.

“There is no guarantee at this stage that the potential sale will take place,” Altitude’s board said.

“If the transaction is agreed, the directors expect that it would be classified as a fundamental change of business under the AIM Rules for Companies, and require the prior approval of shareholders.”

At 1230 BST, Altitude’s shares were up 23.86% at 13.62p.