REG - LoopUp Group PLC - Annual Option Grants and PDMR Dealings

LoopupAnnouncement

05/12/2023 15:00

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RNS Number : 7620V  LoopUp Group PLC  05 December 2023

 

 

5 December 2023

LOOPUP GROUP PLC

("LoopUp" or the "Group")

 

Annual Option Grants and PDMR Dealings

 

LoopUp Group plc (LSE AIM: LOOP), the multinational Cloud Telephony provider,
announces that, as part of its annual grant process, the Group's Remuneration
Committee and the Board have approved the grant of share options to the
following PDMRs of the Group at an exercise price of £0.021, equal to the
market closing price on 4 December 2023. Such options have been granted based
on a four-year vesting schedule with one quarter vesting one year after the
grant and the remaining three quarters vesting monthly over the subsequent
36-month period subject to continuing employment.

 

 Name             Title                Options
                  New options granted           Total number of options held post grant  Options as % of issued share capital
 Michael Hughes   co-CEO               750,000   2,965,500                               1.45%
 Steve Flavell    co-CEO               750,000   2,924,500                               1.43%
 Marcus Greensit  COO                  550,000   2,137,100                               1.04%
 Simon Sacerdoti  CFO                  550,000   1,150,000                               0.56%
 Edward Cooper    General Counsel      550,000   1,657,700                               0.81%

 

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.

 

 

 LoopUp Group plc                                    via FTI
 Steve Flavell, co-CEO

 Panmure Gordon (UK) Limited                         +44 (0) 20 7886 2500
 Dominic Morley / Ivo Macdonald (Corporate Finance)

 Cavendish Securities plc                            +44 (0) 20 7397 8900
 Giles Balleny / Dan Hodkinson (Corporate Finance)
 Dale Bellis (Sales)

 FTI Consulting, LLP                                 +44 (0) 20 3727 1000
 Emma Hall / Jamille Smith

 

About LoopUp Group plc

LoopUp (LSE AIM: LOOP) 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
(http://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.   Michael Hughes

                                                                   2.   Steve Flavell

                                                                   3.   Marcus Greensit

                                                                   4.   Simon Sacerdoti

                                                                   5.   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  Options over Ordinary Shares of 0.5p each

 b)   Identification code                                          GB00BYQP6S60

 c)   Nature of the transaction                                     Grant of New Options

 d)   Price(s) and volume(s)

Price(s)         Volume(s)
                                                                   1.      £0.021   750,000
                                                                   2.      £0.021   750,000
                                                                   3.      £0.021   550,000
                                                                   4.      £0.021   550,000
                                                                   5.      £0.021   550,000
 d)   Aggregated information                                       3,150,000 options at £0.021 each

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      4 December 2023

 f)   Place of the transaction                                     London Stock Exchange

d)

 

Aggregated information

- Aggregated volume

- Price

3,150,000 options at £0.021 each

 

e)

 

Date of the transaction

4 December 2023

f)

Place of the transaction

London Stock Exchange

 

 

 

 

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