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RNS Number : 9484E LoopUp Group PLC 04 July 2023
4 July 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 6,756,121 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 January 2023 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 4,118,738 974,236 426,799 547,437 4,666,175 2.41%
Simon Sacerdoti CFO 14,790 506,711 506,711 - 14,790 0.01%
Marcus Greensit COO 194,028 202,684 88,323 114,361 308,389 0.16%
Jana Rhyu SVP Product 157,892 626,294 626,294 - 157,892 0.08%
Edward Cooper General Counsel 229,556 337,807 147,200 190,607 420,163 0.22%
Total Voting Rights
As a result of this issue, the total number of ordinary shares in issue now
stands at 193,701,943 shares and the total number of voting rights in the
Company is therefore 193,701,943. No ordinary shares are held in treasury.
The above figure of 193,701,943 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 for Microsoft Teams enables
multinational enterprises to consolidate their global telephony provision into
a single, consistently managed cloud implementation rather than disparate
implementations from multiple carriers. The Group is listed on the AIM market
of the London Stock Exchange 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. Simon Sacerdoti
3. Marcus Greensit
4. Jana Rhyu
5. 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. 974,236 426,799 1.74p
2. 506,711 506,711 1.74p
3. 202,684 88,323 1.74p
4. 626,294 626,294 1.74p
5. 337,807 147,200 1.74p
d) Aggregated information 2,647,732 shares allotted of which 1,795,327 have been sold primarily to cover
tax liabilities at a price of 1.74p per share.
- Aggregated volume
- Price
e) Date of the transaction 30 June 2023
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
2,647,732 shares allotted of which 1,795,327 have been sold primarily to cover
tax liabilities at a price of 1.74p per share.
e)
Date of the transaction
30 June 2023
f)
Place of the transaction
London Stock Exchange
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