REG - LoopUp Group PLC - PDMR Dealings and Total Voting Rights

LoopupAnnouncement

30/05/2022 07:15

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RNS Number : 1607N  LoopUp Group PLC  30 May 2022

30 May 2022

LoopUp Group plc

("LoopUp" or the "Group")

 

PDMR Dealings and Total Voting Rights

 

LoopUp Group plc (AIM: LOOP), the cloud platform for premium specialist
communications, announces that a total of 1,587,821 shares ("New Ordinary
Shares") have been allotted to participants pursuant to the Employee Stock
Purchase Plan (the "ESPP"), whereby employees may elect to sacrifice up to 25
percent of their salary in return for the allotment of New Ordinary Shares.

 

The participation of employees in the ESPP remains strong after its launch in
July 2021 reflecting the continued enthusiasm of employees to own shares in
LoopUp. The Directors believe this is an effective way to reward and retain
employees whilst ensuring they are aligned to the success of the Company.

 

PDMR Dealings

 

The following PDMRs elected to participate in the ESPP in January 2022 and
their holdings have increased in accordance with the Rules of the ESPP as
follows:

 Name            Title
                 Shares held before dealing             Additional shares initially issued  Shares sold to cover tax liability  Net additional  shares issued   Shares held after dealing  Shares held as a % of total issued share capital
 Michael Hughes  co-CEO                      3,197,321   221,467                             86,596                              134,871                        3,332,192                  3.22%
 Victor Sanchez  CTO                         466,476     24,762                              10,017                              14,745                          481,221                   0.46%
 Dave Carroll    EVP, Network Operations      95,094     156,109                             68,024                              88,085                          183,179                   0.18%
 Edward Cooper   General Counsel              40,829     62,443                              27,207                              35,236                          76,065                    0.07%

 

Total Voting Rights

 

As a result of this issue, the total number of ordinary shares in issue now
stands at 103,528,486 shares and the total number of voting rights in the
Company is therefore 103,528,486.  No ordinary shares are held in treasury.

 

The above figure of 103,528,486 may be used by shareholders as the denominator
for the calculation by which they may determine if they are required to notify
their interest in, or change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.

 

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.

 

 

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)

 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 specialist
communications, focusing on capabilities that complement foundational unified
communications platforms, such as Microsoft Teams. The Group's flagship Cloud
Telephony solution for Microsoft Teams enables enterprise customers to
eliminate disparate on-premises phone systems and multiple telecommunications
service providers, and consolidate their global telecommunications into a
single cloud implementation. LoopUp's global IP backbone interconnects with 18
carefully selected regional carrier partners and the Group has market-leading
coverage as a licensed telecommunications service provider. 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. 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.   Victor Sanchez

                                                                   3.   Dave Carroll

                                                                   4.   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  Ordinary shares of 0.5p

 b)   Identification code                                          GB00BYQP6S60

 c)   Nature of the transaction                                    Allotment and part sale pursuant to a group Share Option Scheme and Employee

                                                            Share Purchase Plan

 d)   Price(s) and volume(s)

Price(s)           Volume(s)
                                                                       Allotment  Sale to cover tax
                                                                   1.      7.065p      221,467            86,596
                                                                   2.      7.065p      24,762             10,017
                                                                   3.      7.065p      156,109            68,024
                                                                   4.      7.065p      62,443             27,207

 

 d)   Aggregated information                                       464,781 shares allotted of which  191,844 have been sold to cover tax

                                                            liabilities at a price of 7.065p per share.
      - Aggregated volume

      - Price
 e)   Date of the transaction                                      23 May 2022 and 25 May 2022 (trades took place over two phases)

 f)   Place of the transaction                                     London Stock Exchange

 

 

d)

 

Aggregated information

- Aggregated volume

- Price

464,781 shares allotted of which  191,844 have been sold to cover tax
liabilities at a price of 7.065p per share.

e)

 

Date of the transaction

23 May 2022 and 25 May 2022 (trades took place over two phases)

f)

Place of the transaction

London Stock Exchange

 

 

 

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