LOOP.L

LoopUp Group plc
LoopUp Group PLC - PDMR Dealings and Total Voting Rights
31st October 2023, 17:44
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RNS Number : 9350R
LoopUp Group PLC
31 October 2023
 

31 October 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 6,978,060 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 July 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

5,097,009

993,584

442,883

550,701

5,647,710

2.76%

Steve Flavell

co-CEO

3,360,484

1,255,403

547,065

708,338

4,068,822

1.99%

Marcus Greensit

COO

403,218

207,790

90,548

117,242

520,460

0.25%

Edward Cooper

General Counsel

578,211

346,318

150,914

195,404

773,615

0.38%

 

Total Voting Rights

 

As a result of this issue, the total number of ordinary shares in issue now stands at 204,894,503 shares and the total number of voting rights in the Company is therefore 204,894,503.  No ordinary shares are held in treasury.

 

The above figure of 204,894,503 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.

 

 

 

 

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.   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.  

993,584

442,883

1.70p

2.  

1,255,403

547,065

1.70p

3.  

207,790

90,548

1.70p

4.  

346,318

150,914

1.70p

d)

 

Aggregated information 

- Aggregated volume

- Price

2,803,095 shares allotted of which 1,231,410 have been sold primarily to cover tax liabilities at a price of 1.70p per share.

e)

 

Date of the transaction 

26 October 2023

f)

Place of the transaction

London Stock Exchange

 

 

 

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