REG - LoopUp Group PLC - Director/PDMR Shareholding

LoopupAnnouncement

19/03/2020 07:05

RNS Number : 7127G
  
LoopUp Group PLC
  
19 March 2020
  
 

19 March 2020
 
LOOPUP GROUP PLC
("LoopUp Group" or the "Group")
 
Update on measures relating to 2018 and 2019 options grants
and
Director and PDMR Dealings
 
LoopUp Group plc (LSE AIM: LOOP), the premium remote meetings company, provides an update to the announcement made on 4 December 2019 in relation to the offer made to current employees - excluding co-CEOs Steve Flavell and Michael Hughes - concerning options granted in August 2018 and June 2019.
 
Following the conclusion of the process, it has resulted in the cancellation of 2,512,250 options granted in August 2018 and June 2019 ("Old Options") and the grant of 2,171,800 new options with an exercise price of 75 pence ("New Options").
 
The grant of 2,171,800 New Options equates to 3.9% of the Group's current issued share capital. In total, 4,632,645 options over the Company's Ordinary Shares are now outstanding, which equates to 8.4% of the Group's current issued share capital. The Group's current total number of ordinary shares in issue is 55,245,182.
 
The Group's Remuneration Committee and the Board maintain that these share options are an effective and important mechanism to incentivise and retain key employees of the Group and to align them with shareholder interests.
 
Cancellation of Old Options and New Options granted to Directors / PDMRs
 
The following PDMRs of the Group had share options granted or cancelled, which are included in the totals above:
 



Name


Title


Options














Shares




Old Options cancelled


New Options granted


Total number of options held post cancellation and grant


Options as % of issued share capital


Number of shares


% of issued share capital




Steve Flavell


co-CEO, Director


(180,000)


-


-


0.00%


2,625,875


4.75%




Michael Hughes


co-CEO, Director


(180,000)


-


880,000


1.59%


2,616,899


4.74%




Simon Healey


CFO, Director


(95,000)


82,000


152,000


0.28%


64,500


0.12%




Marcus Greensit


COO, PDMR


(180,000)


156,000


456,000


0.83%


156,243


0.28%




Robert Jardine


CMO, PDMR


(107,500)


93,000


93,000


0.17%


-


-




Alex

Breen


CPO, PDMR


(107,500)


93,000


203,218


0.37%


452,207


0.82%




Benjamin Fried


VP Group Commercial, PDMR


(95,000)


82,000


82,000


0.15%


3,381


0.01%




David Carroll


VP Network Operations, PDMR


(95,000)


82,000


82,000


0.15%


-


-




Koorosh 
Nouri


VP Engineering, PDMR


(60,000)


52,000


52,000


0.09%


-


-




Edward Cooper


General Counsel, PDMR


(60,000)


52,000


52,000


0.09%


1,114


0.00%



 
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 




Steve Flavell, co-CEO


















Panmure Gordon (UK) Limited


+44 (0) 207 886 2500




Dominic Morley / Alina Vaskina (Corporate Finance)








Erik Anderson (Corporate Broking)


















Numis Securities Limited


+44 (0) 207 260 1000




Simon Willis/Jonny Abbott (Corporate Finance)


















FTI Consulting, LLP


+44 (0) 203 727 1000




Matt Dixon / Emma Hall / Jamille Smith / Shamma Kelly







 
 
About LoopUp Group plc
 
LoopUp (LSE AIM: LOOP) is a premium remote meetings solution. LoopUp helps technology leaders to unlock the true potential of remote meetings in their organisations by combining simple, progressive software with best-in-class audio reliability. Over 2,000 organisations worldwide trust LoopUp's award-wining SaaS solution with their remote meetings, including 20 of the world's top-100 law firms, 24 of the world's top-100 private equity firms, and 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, Atlanta, 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 


1. Steve Flavell, co-CEO, Director
2. Michael Hughes, co-CEO, Director
3. Simon Healey, CFO, Director
4. Marcus Greensit, COO, PDMR
5. Robert Jardine, CMO, PDMR
6. Alex Breen, CPO, PDMR
7. Benjamin Fried, VP Group Commercial, PDMR
8. David Carroll, VP Network Operations, PDMR
9. Koorosh Nouri, VP Engineering, PDMR
10. Edward Cooper, General Counsel, PDMR




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 
 


 Cancellation of Old Options and Grant of New Options




d)
 


Price(s) and volume(s)


Cancellation of 2018 Options
 
 



Price(s)


Volume(s)




1.   


440p


120,000




2.   


440p


120,000




3.   


440p


60,000




4.   


440p


120,000




5.   


440p


70,000




6.   


440p


70,000




7.   


440p


60,000




8.   


440p


60,000




9.   


440p


40,000




10.  


440p


40,000



Cancellation of 2019 Options
 



Price(s)


Volume(s)




1.   


317.5p


60,000




2.   


317.5p


60,000




3.   


317.5p


35,000




4.   


317.5p


60,000




5.   


317.5p


37,500




6.   


317.5p


37,500




7.   


317.5p


35,000




8.   


317.5p


35,000




9.   


317.5p


20,000




10.  


317.5p


20,000



 
 
Grant of New Options
 
 



Price(s)


Volume(s)




1.   


-


-




2.   


-


-




3.   


75p


82,000




4.   


75p


156,000




5.   


75p


93,000




6.   


75p


93,000




7.   


75p


82,000




8.   


75p


82,000




9.   


75p


52,000




10.  


75p


52,000








d)
 


Aggregated information 
- Aggregated volume
- Price


Cancellation of 2018 Options
760,000 options at 440p each
 
Cancellation of 2019 Options
400,000 options at 317.5p each
 
Grant of New Options
692,000 options at 75p each
 




e)
 


Date of the transaction 


19 March 2020




f)


Place of the transaction


London Stock Exchange



 


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