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

LoopupAnnouncement

22/08/2022 17:30

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RNS Number : 8299W  LoopUp Group PLC  22 August 2022

22 August 2022

LoopUp Group plc

("LoopUp" or the "Group")

 

PDMR Dealings and Total Voting Rights

 

LoopUp Group plc (AIM: LOOP), the cloud platform for premium hybrid
communications, announces that a total of 2,606,776 shares ("New Ordinary
Shares") have been allotted to participants pursuant to share option exercises
and 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 April 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                      3,332,192   275,405                             88,796                              186,609                        3,518,801                  3.32%
 Dave Carroll    EVP, Network Operations     183,179     179,925                             78,406                              101,519                         284,698                   0.27%
 Jana Rhyu       SVP Product                 157,892     177,046                             44,953                              132,093                         289,985                   0.27%
 Edward Cooper   General Counsel             76,065      71,970                              31,362                              40,608                          116,673                   0.11%

 

Total Voting Rights

 

As a result of this issue, the total number of ordinary shares in issue now
stands at 106,135,262 shares and the total number of voting rights in the
Company is therefore 106,135,262.  No ordinary shares are held in treasury.

 

The above figure of 106,135,262 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 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.

 

 

 

 

 

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.   Dave Carroll

                                                                   3.   Jana Rhyu

                                                                   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.      6.81p       275,405            88,796
                                                                   2.      6.81p       179,925            78,406
                                                                   3.      6.81p       177,046            44,953
                                                                   4.      6.81p       71,970             31,362

 

 d)   Aggregated information                                       704,346 shares allotted of which   243,517 have been sold to cover tax

                                                            liabilities at a price of 6.81p per share.
      - Aggregated volume

      - Price
 e)   Date of the transaction                                      19 August 2022

 f)   Place of the transaction                                     London Stock Exchange

 

 

d)

 

Aggregated information

- Aggregated volume

- Price

704,346 shares allotted of which   243,517 have been sold to cover tax
liabilities at a price of 6.81p per share.

e)

 

Date of the transaction

19 August 2022

f)

Place of the transaction

London Stock Exchange

 

 

 

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