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

LoopupAnnouncement

11/01/2023 17:30

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RNS Number : 4497M  LoopUp Group PLC  11 January 2023

11 January 2023

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 5,260,636 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 per cent of their salary in return for the allotment of
New Ordinary Shares.

 

The participation of employees in the ESPP remains strong since 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 July 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 (primarily to cover tax liability)  Net additional shares issued (or sold)  Shares held after dealing  Shares held as a % of total issued share capital
 Michael Hughes   co-CEO                      3,518,801  454,868                             146,658                                         308, 210                                3,827,011                  2.11%
 Steve Flavell    co-CEO                      2,771,602  455,660                             198,562                                         257,098                                 3,028,700                  1.67%
 Simon Sacerdoti  CFO                         -          213,962                             199,172                                         14,790                                  14,790                     0.01%
 Marcus Greensit  COO                         101,856    71,320                              31,079                                          40,241                                  142,097                    0.08%
 Victor Sanchez   CTO                         481,221    81,226                              24,838                                          56,388                                  537,609                    0.30%
 Dave Carroll     EVP, Network Operations      284,698   493,633                             215,109                                         278,524                                 563,222                    0.31%
 Jana Rhyu        SVP Product                  289,985   292,415                             424,508                                         (132,093)                               157,892                    0.09%
 Edward Cooper    General Counsel              116,673   118,868                             104,077                                         14,791                                  131,464                    0.07%

 

Total Voting Rights

 

As a result of this issue, the total number of ordinary shares in issue now
stands at 181,375,898 shares and the total number of voting rights in the
Company is therefore 181,375,898.  No ordinary shares are held in treasury.

 

The above figure of 181,375,898 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.   Steve Flavell

                                                                   3.   Simon Sacerdoti

                                                                   4.   Marcus Greensit

                                                                   5.   Victor Sanchez

                                                                   6.   Dave Carroll

                                                                   7.   Jana Rhyu

                                                                   8.   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
                                                                   1.      3.7p                  454,868                          146,658
                                                                   2.      3.7p                  455,660                          198,562
                                                                   3.      3.7p                  213,962                          199,172
                                                                   4.      3.7p                    71,320                           31,079
                                                                   5.      3.7p                    81,226                           24,838
                                                                   6.      3.7p                  493,633                          215,109
                                                                   7.      3.7p                  292,415                          424,508
                                                                   8.      3.7p                  118,868                          104,077

 

 d)   Aggregated information                                       2,181,952 shares allotted of which 1,344,003 have been sold primarily to cover

                                                            tax liabilities at a price of 3.7p per share.
      - Aggregated volume

      - Price
 e)   Date of the transaction                                      10 January 2023

 f)   Place of the transaction                                     London Stock Exchange

 

 

d)

 

Aggregated information

- Aggregated volume

- Price

2,181,952 shares allotted of which 1,344,003 have been sold primarily to cover
tax liabilities at a price of 3.7p per share.

e)

 

Date of the transaction

10 January 2023

f)

Place of the transaction

London Stock Exchange

 

 

 

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