LoopUp Group PLC PDMR Dealings and Total Voting Rights (9866M)
20 September 2023 - 8:00AM
UK Regulatory
TIDMLOOP
RNS Number : 9866M
LoopUp Group PLC
20 September 2023
20 September 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 4,214,500 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 April
2023 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 4,666,175 775,626 344,792 430,834 5,097,009 2.58%
Marcus
Greensit COO 308,389 168,067 73,238 94,829 403,218 0.20%
General
Edward Cooper Counsel 420,163 280,112 122,064 158,048 578,211 0.29%
Total Voting Rights
As a result of this issue, the total number of ordinary shares
in issue now stands at 197,916,443 shares and the total number of
voting rights in the Company is therefore 197,916,443. No ordinary
shares are held in treasury.
The above figure of 197,916,443 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
+44 (0) 20 7886
Panmure Gordon (UK) Limited 2500
Dominic Morley / Ivo Macdonald (Corporate
Finance)
+44 (0) 20 7397
Cavendish Securities plc 8900
Giles Balleny / Dan Hodkinson (Corporate Finance)
Dale Bellis (Sales)
+44 (0) 20 3727
FTI Consulting, LLP 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.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names 1. Michael Hughes
2. Marcus Greensit
3. 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. 775,626 344,792 2.1p
---------- -------- ------
2. 168,067 73,238 2.1p
---------- -------- ------
3. 280,112 122,064 2.1p
---------- -------- ------
-------------------------- --------------------------------------------
d) Aggregated information 1,223,805 shares allotted of which 540,094
- Aggregated volume have been sold primarily to cover tax
- Price liabilities at a price of 2.1 p per share.
-------------------------- --------------------------------------------
e) Date of the transaction 19 September 2023
-------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------- --------------------------------------------
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END
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