RNS Number : 8299W
LoopUp Group PLC
22 August 2022
 

22 August 2022

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 2,606,776 shares ("New Ordinary Shares") have been allotted to participants pursuant to share option exercises and 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.

 

The participation of employees in the ESPP remains strong after 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 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 to cover tax liability

Net additional  shares issued

Shares held after dealing

Shares held as a % of total issued share capital

Michael Hughes

co-CEO

3,332,192

 275,405

 88,796

 186,609

3,518,801

3.32%

Dave Carroll

EVP, Network Operations

183,179

 179,925

 78,406

 101,519

 284,698

0.27%

Jana Rhyu

SVP Product

157,892

 177,046

 44,953

 132,093

 289,985

0.27%

Edward Cooper

General Counsel

76,065

 71,970

 31,362

 40,608

 116,673

0.11%

 

Total Voting Rights

 

As a result of this issue, the total number of ordinary shares in issue now stands at 106,135,262 shares and the total number of voting rights in the Company is therefore 106,135,262.  No ordinary shares are held in treasury.

 

The above figure of 106,135,262 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 / 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 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), 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.   Dave Carroll

3.   Jana Rhyu

4.   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.  

6.81p

 275,405

 88,796

2.  

6.81p

 179,925

 78,406

3.  

6.81p

 177,046

 44,953

4.  

6.81p

 71,970

 31,362

 

 

d)

 

Aggregated information 

- Aggregated volume

- Price

704,346 shares allotted of which   243,517 have been sold to cover tax liabilities at a price of 6.81p per share.

e)

 

Date of the transaction 

19 August 2022

f)

Place of the transaction

London Stock Exchange

 

 

 

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