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

LoopupAnnouncement

21/03/2023 13:45

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RNS Number : 7464T  LoopUp Group PLC  21 March 2023

21 March 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 5,569,924 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
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 October 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                      3,827,011  591,620                             299,893                                         291,727                                 4,118,738                  2.20%
 Steve Flavell    co-CEO                      3,028,700  588,028                             256,244                                         331,784                                 3,360,484                  1.80%
 Simon Sacerdoti  CFO                         14,790     276,117                             276,117                                         -                                       14,790                     0.01%
 Marcus Greensit  COO                         142,097    92,039                              40,108                                          51,931                                  194,028                    0.10%
 Victor Sanchez   CTO                         537,609    105,646                             53,382                                          52,264                                  589,873                    0.32%
 Dave Carroll     EVP, Network Operations     563,222    383,496                             167,115                                         216,381                                 779,603                    0.42%
 Jana Rhyu        SVP Product                 157,892    380,327                             380,327                                         -                                       157,892                    0.08%
 Edward Cooper    General Counsel             131,464    173,851                             75,759                                          98,092                                  229,556                    0.12%

 

Total Voting Rights

 

As a result of this issue, the total number of ordinary shares in issue now
stands at 186,945,822 shares and the total number of voting rights in the
Company is therefore 186,945,822.  No ordinary shares are held in treasury.

 

The above figure of 186,945,822 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 / Ivo Macdonald (Corporate Finance)

 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 the Employee Share Purchase Plan

 d)   Price(s) and volume(s)                                       Volume(s)           Price

                                                                     Allotment  Sale
                                                                   1.      591,620    299,893  2.88p
                                                                   2.      588,028    256,244  2.88p
                                                                   3.      276,117    276,117  2.88p
                                                                   4.      92,039     40,108   2.88p
                                                                   5.      105,646    53,382   2.88p
                                                                   6.      383,496    167,115  2.88p
                                                                   7.      380,327    380,327  2.88p
                                                                   8.      173,851    75,759   2.88p
 d)   Aggregated information                                       2,591,124 shares allotted of which 1,548,945 have been sold primarily to cover

                                                            tax liabilities at a price of 2.88p per share.
      - Aggregated volume

      - Price
 e)   Date of the transaction                                      15 March 2023

 f)   Place of the transaction                                     London Stock Exchange

d)

 

Aggregated information

- Aggregated volume

- Price

2,591,124 shares allotted of which 1,548,945 have been sold primarily to cover
tax liabilities at a price of 2.88p per share.

e)

 

Date of the transaction

15 March 2023

f)

Place of the transaction

London Stock Exchange

 

 

 

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