10 Oct 2023 14:44
10 October 2023
LOOPUP GROUP PLC
("LoopUp" or the "Group")
Block Listing Application
LoopUp Group plc (AIM: LOOP), the cloud platform for premium hybrid communications, announces that application has been made to the London Stock Exchange for the admission of 10,000,000 ordinary shares of 0.5 pence each (the "New Ordinary Shares") under a block listing.
The block listing application relates to New Ordinary Shares to be issued from time to time to satisfy the allotment of shares pursuant to the Group's Employee Stock Purchase Plan ("ESPP"). Employees who elect to participate in the ESPP sacrifice a portion of their salary in return for the allotment of shares. The Board considers the ESPP to be an effective means to motivate employees by aligning their reward with the success of the Group.
Admission is expected to become effective on 13 October 2023. When issued, the New Ordinary Shares will rank pari passu in all respects with the existing issued ordinary shares of the Group.
For further information, please contact:
LoopUp Group plc | via FTI |
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Steve Flavell, co-CEO |
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Panmure Gordon (UK) Limited |
+44 (0) 20 7886 2500 | |
Dominic Morley / Ivo Macdonald (Corporate Finance) |
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Cavendish Securities plc |
+44 (0) 20 7397 8900 | |
Giles Balleny / Dan Hodkinson (Corporate Finance) |
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Dale Bellis (Sales) |
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FTI Consulting, LLP | +44 (0) 20 3727 1000 |
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Emma Hall / Jamille Smith / Tom Blundell |
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About LoopUp Group plc
LoopUp (LSE AIM: LOOP) is a cloud platform for premium hybrid communications. The Group's flagship Cloud Telephony solution for Microsoft Teams enables multinational enterprises to consolidate their global telephony provision into a single, consistently managed cloud implementation rather than disparate implementations from multiple carriers. The Group is listed on the AIM market of the London Stock Exchange 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.