REG - LoopUp Group PLC - PDMR Dealings - Correction

LoopupAnnouncement

08/03/2022 14:30

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RNS Number : 0613E  LoopUp Group PLC  08 March 2022

8 March 2022

LoopUp Group plc

 

("LoopUp" or the "Group")

 

PDMR Dealings - Correction

 

LoopUp Group plc (AIM: LOOP), the cloud platform for premium specialist
communications, announces a further correction to the PDMR dealings announced
on 21 February 2022 under RNS Number 3001C (and corrected on 23 February 2022
under RNS Number 6252C). The total number of shareholding voting rights was
wrong (overstated by 103,250 shares) and has been amended below. This impacts
the overall percentage holding by Michael Hughes by 0.01% which is also
corrected below.  There are no further changes; the amended announcement
appears below in full.

 

PDMR Dealings, Total Voting Rights and Block Listing

 

The Group announces that a total of 4,954,194 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 percent
of their salary in return for the allotment of New Ordinary Shares, as well as
to employees who at this time have elected to exercise previously granted
options pursuant to the LoopUp Share Option Scheme ("Option Scheme").

 

The participation of employees in the ESPP remains strong after the success of
the first period 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 have increased their overall holdings with dealings in
relation to these allotments of New Ordinary Shares pursuant to the ESIS and
Options Scheme:

 

 

 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
 Steve Flavell    co-CEO                      2,660,250   211,610                             100,258                             111,352                        2,771,602                  2.72%
 Michael Hughes   co-CEO                      2,657,183   887,058                             346,920                             540,138                        3,197,321                  3.14%
 Marcus Greensit  COO                         67,003      66,243                              31,390                              34,853                          101,856                   0.10%
 Alex Breen       CPO                         488,313     280,685                             116,220                             164,465                         652,778                   0.64%
 Robert Jardine   CMO                         32,065      58,883                              24,933                              33,950                          66,015                    0.06%
 Dave Carroll     EVP, Network Operations     20,470      129,422                             54,798                              74,624                          95,094                    0.09%
 Edward Cooper    General Counsel             11,375      51,081                              21,627                              29,454                          40,829                    0.04%

 

 

Total Voting Rights

 

As a result of this issue, the total number of ordinary shares in issue now
stands at 101,955,308 and the total number of voting rights in the Company is
therefore 101,955,308.  No ordinary shares are held in treasury.

 

The above figure of 101,955,308 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.

 

Block Listing Application

 

The Company further announces that due to the success of the ESPP, application
has been made to the London Stock Exchange for admission of 5,000,000 ordinary
shares of 0.5 pence each under a block listing. Such shares are to be issued
from time to time to satisfy the allotment of shares pursuant to ESPP.

 

Admission is expected to become effective on 24 February 2022. When issued,
the shares will rank pari passu in all respects with the existing issued
ordinary shares of the Group.

 

 

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 specialist
communications, focusing on capabilities that complement foundational unified
communications platforms, such as Microsoft Teams. The Group's flagship Cloud
Telephony solution for Microsoft Teams enables enterprise customers to
eliminate disparate on-premises phone systems and multiple telecommunications
service providers, and consolidate their global telecommunications into a
single cloud implementation. LoopUp's global IP backbone interconnects with 18
carefully selected regional carrier partners and the Group has market-leading
coverage as a licensed telecommunications service provider. 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. 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.   Steve Flavell

                                                                   2.   Michael Hughes

                                                                   3.   Marcus Greensit

                                                                   4.   Alex Breen

                                                                   5.   Robert Jardine

                                                                   6.   Dave Carroll

                                                                   7.   Edward Cooper
 2    Reason for the notification

 a)   Position/status                                              Classified as PDMRs of the Company

 b)   Initial notification /Amendment                              Amendment

 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.      8.5p        211,610            100,258
                                                                   2.      8.5p        887,058            346,920
                                                                   3.      8.5p        66,243             31,390
                                                                   4.      8.5p        280,685            116,220
                                                                   5.      8.5p        58,883             24,933
                                                                   6.      8.5p        129,422            54,798
                                                                   7.      8.5p        51,081             21,627

 

 d)   Aggregated information                                       1,684,982 shares allotted of which 696,146 have been sold to cover tax

                                                            liabilities at a price of 8.5p per share.
      - Aggregated volume

      - Price
 e)   Date of the transaction                                      16 February 2022
 f)   Place of the transaction                                     London Stock Exchange

 

 

d)

 

Aggregated information

- Aggregated volume

- Price

1,684,982 shares allotted of which 696,146 have been sold to cover tax
liabilities at a price of 8.5p per share.

e)

Date of the transaction

16 February 2022

f)

Place of the transaction

London Stock Exchange

 

 

 

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