5 December 2023
LOOPUP GROUP PLC
("LoopUp" or the "Group")
Annual Option Grants and PDMR Dealings
LoopUp Group plc (LSE AIM: LOOP), the multinational Cloud Telephony provider, announces that, as part of its annual grant process, the Group's Remuneration Committee and the Board have approved the grant of share options to the following PDMRs of the Group at an exercise price of £0.021, equal to the market closing price on 4 December 2023. Such options have been granted based on a four-year vesting schedule with one quarter vesting one year after the grant and the remaining three quarters vesting monthly over the subsequent 36-month period subject to continuing employment.
| Name | Title | Options | ||
| New options granted | Total number of options held post grant | Options as % of issued share capital | ||
| Michael Hughes | co-CEO | 750,000 | 2,965,500 | 1.45% |
| Steve Flavell | co-CEO | 750,000 | 2,924,500 | 1.43% |
| Marcus Greensit | COO | 550,000 | 2,137,100 | 1.04% |
| Simon Sacerdoti | CFO | 550,000 | 1,150,000 | 0.56% |
| Edward Cooper | General Counsel | 550,000 | 1,657,700 | 0.81% |
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 |
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| Steve Flavell, co-CEO |
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Panmure Gordon (UK) Limited |
+44 (0) 20 7886 2500 | |
| Dominic Morley / Ivo Macdonald (Corporate Finance) |
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Cavendish Securities plc |
+44 (0) 20 7397 8900 | |
| Giles Balleny / Dan Hodkinson (Corporate Finance) |
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| Dale Bellis (Sales) |
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| FTI Consulting, LLP | +44 (0) 20 3727 1000 |
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| Emma Hall / Jamille Smith | |
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About LoopUp Group plc
LoopUp (LSE AIM: LOOP) 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.
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. Steve Flavell 3. Marcus Greensit 4. Simon Sacerdoti 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
| Options over Ordinary Shares of 0.5p each | ||||||||||||||||||
| b) | Identification code
| GB00BYQP6S60 | ||||||||||||||||||
| c)
| Nature of the transaction
| Grant of New Options | ||||||||||||||||||
| d)
| Price(s) and volume(s) |
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| d)
| Aggregated information - Aggregated volume - Price | 3,150,000 options at £0.021 each
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| e)
| Date of the transaction | 4 December 2023 | ||||||||||||||||||
| f) | Place of the transaction | London Stock Exchange | ||||||||||||||||||
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