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RNS Number : 9866M LoopUp Group PLC 20 September 2023
20 September 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 4,214,500 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 April 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 4,666,175 775,626 344,792 430,834 5,097,009 2.58%
Marcus Greensit COO 308,389 168,067 73,238 94,829 403,218 0.20%
Edward Cooper General Counsel 420,163 280,112 122,064 158,048 578,211 0.29%
Total Voting Rights
As a result of this issue, the total number of ordinary shares in issue now
stands at 197,916,443 shares and the total number of voting rights in the
Company is therefore 197,916,443. No ordinary shares are held in treasury.
The above figure of 197,916,443 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.
LoopUp Group plc via FTI
Steve Flavell, co-CEO
Panmure Gordon (UK) Limited +44 (0) 20 7886 2500
Dominic Morley / Ivo Macdonald (Corporate Finance)
Cavendish Securities plc +44 (0) 20 7397 8900
Giles Balleny / Dan Hodkinson (Corporate Finance)
Dale Bellis (Sales)
FTI Consulting, LLP +44 (0) 20 3727 1000
Emma Hall / 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. Marcus Greensit
3. 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. 775,626 344,792 2.1p
2. 168,067 73,238 2.1p
3. 280,112 122,064 2.1p
d) Aggregated information 1,223,805 shares allotted of which 540,094 have been sold primarily to cover
tax liabilities at a price of 2.1p per share.
- Aggregated volume
- Price
e) Date of the transaction 19 September 2023
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
1,223,805 shares allotted of which 540,094 have been sold primarily to cover
tax liabilities at a price of 2.1p per share.
e)
Date of the transaction
19 September 2023
f)
Place of the transaction
London Stock Exchange
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