REG - LoopUp Group PLC - Block Listing Application

LoopupAnnouncement

27/03/2023 18:00

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RNS Number : 3719U  LoopUp Group PLC  27 March 2023

27 March 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 12,000,000 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 company.

Admission is expected to become effective on 31 March 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
 Steve Flavell, co-CEO

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

 Cenkos Securities Limited                           +44 (0) 20 7397 8900
 Giles Balleny / Dan Hodkinson (Corporate Finance)
 Alex Pollen / Dale Bellis (Sales)

 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 hybrid communications.
The Group's flagship Cloud Telephony solution (www.loopup,com) enables
multinational enterprises to consolidate their global telecommunications into
a single, consistently managed cloud implementation rather than disparate
implementations from multiple carriers. The Group's hybrid auditorium and
events solution, Hybridium (www.hybridium.com (http://www.hybridium.com) ),
brings unrivaled engagement and analytics to larger scale hybrid education,
training and events such as management onsites, departmental kick-offs,
capital markets days and thought leadership seminars.

 

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.

 

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