REG - LoopUp Group PLC - Block Listing Application

LoopupAnnouncement

10/10/2023 14:45

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RNS Number : 6635P  LoopUp Group PLC  10 October 2023

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
 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 / 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 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 (http://www.loopup.com) .

 

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