REG - LoopUp Group PLC - PDMR Dealings, Total Voting Rights & Block Listing
21/02/2022 11:30
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RNS Number : 3001C LoopUp Group PLC 21 February 2022
21 February 2022
LoopUp Group plc
("LoopUp" or the "Group")
PDMR Dealings, Total Voting Rights and Block Listing
LoopUp Group plc (AIM: LOOP), the cloud platform for premium specialist
communications, announces that a total of 5,057,444 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 2,660,250 181,766 72,278 109,488 2,769,738 2.71%
Michael Hughes co-CEO 2,657,183 853,451 346,920 506,531 3,163,714 3.10%
Marcus Greensit COO 67,003 56,901 31,390 25,511 92,514 0.09%
Alex Breen CPO 488,313 256,680 116,220 140,460 628,773 0.62%
Robert Jardine CMO 32,065 50,578 24,933 25,645 57,710 0.06%
Dave Carroll EVP, Network Operations 20,470 111,040 54,798 56,242 76,712 0.08%
Edward Cooper General Counsel 11,375 43,815 21,627 22,188 33,563 0.03%
Total Voting Rights
As a result of this issue, the total number of ordinary shares in issue now
stands at 102,058,558 and the total number of voting rights in the Company is
therefore 102,058,558. No ordinary shares are held in treasury.
The above figure of 102,058,558 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 the 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 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 to cover tax
1. 8.5p 181,766 72,278
2. 8.5p 853,451 346,920
3. 8.5p 56,901 31,390
4. 8.5p 256,680 116,220
5. 8.5p 50,578 24,933
6. 8.5p 111,040 54,798
7. 8.5p 43,815 21,627
d) Aggregated information 1,554,231 shares allotted of which 668,166 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
1,554,231 shares allotted of which 668,166 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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