TIDMLOOP
RNS Number : 7464T
LoopUp Group PLC
21 March 2023
21 March 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 5,569,924 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
October 2022 and their holdings have increased in accordance with
the Rules of the ESPP as follows:
Shares held
Net as a % of
Additional Shares sold additional total
Shares held shares (primarily to shares Shares held issued
before initially cover tax issued (or after share
Name Title dealing issued liability) sold) dealing capital
Michael
Hughes co-CEO 3,827,011 591,620 299,893 291,727 4,118,738 2.20%
Steve Flavell co-CEO 3,028,700 588,028 256,244 331,784 3,360,484 1.80%
Simon
Sacerdoti CFO 14,790 276,117 276,117 - 14,790 0.01%
Marcus
Greensit COO 142,097 92,039 40,108 51,931 194,028 0.10%
Victor
Sanchez CTO 537,609 105,646 53,382 52,264 589,873 0.32%
EVP, Network
Dave Carroll Operations 563,222 383,496 167,115 216,381 779,603 0.42%
Jana Rhyu SVP Product 157,892 380,327 380,327 - 157,892 0.08%
General
Edward Cooper Counsel 131,464 173,851 75,759 98,092 229,556 0.12%
Total Voting Rights
As a result of this issue, the total number of ordinary shares
in issue now stands at 186,945,822 shares and the total number of
voting rights in the Company is therefore 186,945,822. No ordinary
shares are held in treasury.
The above figure of 186,945,822 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
+44 (0) 20 7886
Panmure Gordon (UK) Limited 2500
Dominic Morley / Ivo Macdonald (Corporate
Finance)
+44 (0) 20 7397
Cenkos Securities Limited 8900
Giles Balleny / Dan Hodkinson (Corporate Finance)
Alex Pollen / Dale Bellis (Sales)
+44 (0) 20 3727
FTI Consulting, LLP 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.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names 1. Michael Hughes
2. Steve Flavell
3. Simon Sacerdoti
4. Marcus Greensit
5. Victor Sanchez
6. Dave Carroll
7. Jana Rhyu
8. Edward Cooper
-------------------------- ---------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------
a) Position/status Classified as PDMRs of the Company
-------------------------- ---------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name LoopUp Group plc
-------------------------- ---------------------------------------------
b) LEI 21380063DQ4WXDQLYB80
-------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary shares of 0.5p
financial instrument,
type of instrument
-------------------------- ---------------------------------------------
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. 591,620 299,893 2.88p
---------- -------- ------
2. 588,028 256,244 2.88p
---------- -------- ------
3. 276,117 276,117 2.88p
---------- -------- ------
4. 92,039 40,108 2.88p
---------- -------- ------
5. 105,646 53,382 2.88p
---------- -------- ------
6. 383,496 167,115 2.88p
---------- -------- ------
7. 380,327 380,327 2.88p
---------- -------- ------
8. 173,851 75,759 2.88p
---------- -------- ------
-------------------------- ---------------------------------------------
d) Aggregated information 2,591,124 shares allotted of which 1,548,945
- Aggregated volume have been sold primarily to cover tax
- Price liabilities at a price of 2.88 p per
share.
-------------------------- ---------------------------------------------
e) Date of the transaction 15 March 2023
-------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------- ---------------------------------------------
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END
DSHFLFVVVIILFIV
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March 21, 2023 09:32 ET (13:32 GMT)
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