REG - LoopUp Group PLC - Issue of Equity and Director Dealings

LoopupAnnouncement

22/05/2020 14:50

RNS Number : 7959N
  
LoopUp Group PLC
  
22 May 2020
  
 

22 May 2020
 
LOOPUP GROUP PLC
("LoopUp Group" or the "Group")
 
Issue of Equity and Director Dealings
 
LoopUp Group plc (LSE AIM: LOOP), the premium remote meetings company, announces that the Company has issued 122,167 new Ordinary Shares of 0.5 pence each ("Ordinary Shares") as a result of an exercise of share options by Directors, employees and ex-employees of the Group.
Issue of Equity
Application has been made for the 122,167 new Ordinary Shares to be admitted to trading on AIM. It is expected that dealings in these new Ordinary Shares will commence on 29 May 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 55,367,349 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.
Director Dealings
Michael Reynolds, a Non-Executive Director, exercised options granted in 2014 at an exercise price of 1.28 pence per share over a total of 75,000 Ordinary Shares. Following this exercise of options and sale of shares, Mr. Reynolds will hold options over 75,000 Ordinary Shares and will hold 75,000 Ordinary Shares representing 0.14% of the Group'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


 




Steve Flavell, co-CEO






 




 
Panmure Gordon (UK) Limited


 
+44 (0) 20 7886 2500




Dominic Morley / Alina Vaskina (Corporate Finance)






 




Erik Anderson (Corporate Broking)






 














Numis Securities Limited


+44 (0) 20 7260 1000


 




Simon Willis / Jonny Abbott (Corporate Finance)






 














FTI Consulting, LLP


+44 (0) 20 3727 1000


 




Matt Dixon / Emma Hall / Jamille Smith / Shamma Kelly 






 



 
About LoopUp Group plc:
LoopUp (LSE AIM: LOOP) is a premium remote meetings solution. The solution provides a reliable, secure and incredibly simple experience that is optimised for external guests on business-critical meetings, such as professional services firms' communications with their clients. Over 5,000 organisations worldwide trust LoopUp's award-wining SaaS solution with their remote meetings, 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 


Michael Reynolds




2
 


Reason for the notification




a)
 


Position/status
 


Director 




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 
 


 Exercise of Options




d)
 


Price(s) and volume(s)


75,000 options at 1.28p each
 




d)
 


Aggregated information 
- Aggregated volume
- Price


75,000 options at 1.28p each
 




e)
 


Date of the transaction 


21 May 2020




f)


Place of the transaction


London Stock Exchange



 


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