5 Oct 2020 17:36
5 October 2020
LOOPUP GROUP PLC
("LoopUp Group" or the "Company")
Issue of Equity and PDMR Dealing
LoopUp Group plc (LSE AIM: LOOP) announces that the Company has issued 73,833 new ordinary shares of 0.5 pence each ("Ordinary Shares") as a result of an exercise of share options by employees and ex-employees of the LoopUp Group.
Issue of Equity
Application has been made for the 73,833 new Ordinary Shares to be admitted to trading on AIM. It is expected that dealings in these new Ordinary Shares will commence on 9 October 2020 ("Admission"). The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.
Following Admission, the Company will have in issue a total of 55,441,182 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.
PDMR Dealings
The Company further announces that a PDMR, Marcus Greensit, has sold 100,000 Ordinary Shares. Following this sale of shares, Mr. Greensit will hold options over 499,000 Ordinary Shares and will hold 56,243 Ordinary Shares representing 0.10% of the Company's issued share capital following Admission.
The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below.
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 / Alina Vaskina (Corporate Finance) |
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Erik Anderson (Corporate Broking) |
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Numis Securities Limited | +44 (0) 20 7260 1000 |
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Simon Willis / Jonny Abbott (Corporate Finance) |
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FTI Consulting, LLP | +44 (0) 20 3727 1000 |
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Matt Dixon / Emma Hall / Jamille Smith / Shamma Kelly |
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About LoopUp Group plc:
LoopUp (LSE AIM: LOOP) is a premium cloud communications solution for business-critical external communications. The solution combines premium remote meetings with inbound and outbound cloud voice services via Direct Routing integration with Microsoft Teams. Our customers benefit from a global fully-managed service, and an emphasis on security, reliability and simplicity, delivered with deep domain expertise and caring customer support. We're proud to be trusted provider to over 5,000 organisations worldwide, including more than 20 of both the world's top-100 law firms and top-100 private equity firms, as well as enterprises such as Travelex, Kia Motors, Planet Hollywood and National Geographic. The Group is headquartered in London, with offices in San Francisco, New York, Boston, Chicago, Dallas, Los Angeles, Denver, Cardiff, Milton Keynes, Madrid, Berlin, Malmo, Hong Kong, Sydney and Barbados, and is listed on the AIM market of the London Stock Exchange (LOOP). 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 | Marcus Greensit | ||||
2
| Reason for the notification | |||||
a)
| Position/status
| PDMR | ||||
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
| Sale of Ordinary Shares | ||||
d)
| Price(s) and volume(s) |
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d)
| Aggregated information - Aggregated volume - Price | 100,000 Ordinary Shares
Price of 225.00p per share | ||||
e)
| Date of the transaction | 5 October 2020 | ||||
f)
| Place of the transaction | London Stock Exchange | ||||