19 November 2021
LoopUp Group plc
("LoopUp" or the "Group")
PDMR Dealings and Total Voting Rights
LoopUp Group plc (AIM: LOOP), the cloud platform for premium specialist communications, announces that a total of 785,882 New Ordinary Shares have been allotted to participants pursuant to the Employee Stock Purchase Plan (the "ESPP"), whereby employees may elect to sacrifice up to 25 percent of their salary in return for the allotment of New Ordinary Shares.
PDMR Dealings
Certain PDMRs have participated in the ESPP, and as a result of such participation, have elected to sell sufficient number of New Ordinary Shares to cover their respective tax liability. The following PDMR dealings in relation to the New Ordinary Shares have taken place:
| Name | Title | Shares | ||||
| New Ordinary Shares initially allotted (ESPP) | New Ordinary Shares sold (to cover ESPP tax) | New Ordinary Shares held (after ESPP tax) | Total number of shares held (all holdings) | Total shares as a % of issued share capital | ||
| Steve Flavell | co-CEO | 65,296 | 30,921 | 34,375 | 2,660,250 | 2.74% |
| Michael Hughes | co-CEO | 58,028 | 17,744 | 40,284 | 2,657,183 | 2.74% |
| Marcus Greensit | COO | 20,440 | 9,680 | 10,760 | 67,003 | 0.07% |
| Alex Breen | CPO | 51,811 | 15,705 | 36,106 | 488,313 | 0.50% |
| Robert Jardine | CMO | 18,169 | 8,604 | 9,565 | 32,065 | 0.03% |
| Dave Carroll | EVP, Network Operations | 35,487 | 15,017 | 20,470 | 20,470 | 0.02% |
| Edward Cooper | General Counsel | 13,627 | 5,766 | 7,861 | 11,375 | 0.01% |
Total Voting Rights
As a result of this issue, the total number of ordinary shares in issue now stands at 97,001,114 and the total number of voting rights in the Company is therefore 97,001,114. No ordinary shares are held in treasury.
The above figure of 97,001,114 may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
The FCA notification, made in accordance with the UK version of the requirements of the EU Market Abuse Regulation (as part of UK law by virtue of the European Union (Withdrawal) Act 2018), is appended below.
Enquiries:
| LoopUp Group plc | via FTI |
| Steve Flavell, co-CEO |
|
|
|
|
| Panmure Gordon (UK) Limited | +44 (0) 20 7886 2500 |
| Dominic Morley / Alina Vaskina (Corporate Finance) |
|
| Erik Anderson (Corporate Broking) |
|
|
|
|
| FTI Consulting, LLP | +44 (0) 20 3727 1000 |
| Matt Dixon / Jamille Smith / Tom Blundell |
|
About LoopUp Group plc:
LoopUp (LSE AIM: LOOP) is a cloud platform for premium specialist communications, focusing on capabilities that complement foundational unified communications platforms, such as Microsoft Teams. The Group's flagship Cloud Telephony solution for Microsoft Teams enables enterprise customers to eliminate disparate on-premises phone systems and multiple telecommunications service providers, and consolidate their global telecommunications into a single cloud implementation. LoopUp's global IP backbone interconnects with 18 carefully selected regional carrier partners and the Group has market-leading coverage as a licensed telecommunications service provider. The Group is listed on the AIM market of the London Stock Exchange (LOOP) and is headquartered in London, with offices in the US, Spain, Germany, Hong Kong, Barbados and Australia. For further information, please visit: www.loopup.com.
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)
| Names | 1. Steve Flavell 2. Michael Hughes 3. Marcus Greensit 4. Alex Breen 5. Robert Jardine 6. Dave Carroll 7. Edward Cooper | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2
| Reason for the notification | |||||||||||||||||||||||||||||||||||||||||||||||||
| a)
| Position/status
| Classified as PDMRs of the Company | ||||||||||||||||||||||||||||||||||||||||||||||||
| b)
| Initial notification /Amendment
| Initial Notification | ||||||||||||||||||||||||||||||||||||||||||||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||||||||||||||||||||||||||||||||||||||
| a)
| Name
| LoopUp Group plc | ||||||||||||||||||||||||||||||||||||||||||||||||
| b)
| LEI | 21380063DQ4WXDQLYB80 | ||||||||||||||||||||||||||||||||||||||||||||||||
| 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
| Ordinary shares of 0.5p each | ||||||||||||||||||||||||||||||||||||||||||||||||
| b) | Identification code
| GB00BYQP6S60 | ||||||||||||||||||||||||||||||||||||||||||||||||
| c)
| Nature of the transaction
| Allotment and part sale pursuant to a group Employee Share Purchase Plan | ||||||||||||||||||||||||||||||||||||||||||||||||
| d)
| Price(s) and volume(s) | Initial allotment
Sale (cover tax)
| ||||||||||||||||||||||||||||||||||||||||||||||||
| d)
| Aggregated information - Aggregated volume - Price | 262,858 ordinary shares allotted at 22.015p. 103,436 ordinary shares sold (to cover tax) at 22.015p | ||||||||||||||||||||||||||||||||||||||||||||||||
| e)
| Date of the transaction | 18 November 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||
| f) | Place of the transaction | London Stock Exchange | ||||||||||||||||||||||||||||||||||||||||||||||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
