LoopUp Group PLC Completion of Acquisition of MeetingZone Group (3609Q)
June 05 2018 - 7:00AM
UK Regulatory
TIDMLOOP
RNS Number : 3609Q
LoopUp Group PLC
05 June 2018
5 June 2018
LoopUp Group PLC
("LoopUp" or the "Company")
Completion of Acquisition of MeetingZone Group
LoopUp Group PLC (LSE AIM: LOOP), the premium remote meetings company, is pleased to announce
that following the re-admission of its Enlarged Share Capital to trading on AIM on 4 June
2018, it has successfully completed the acquisition of MeetingZone Group, a UK-headquartered
conferencing services provider.
Terms used in this announcement shall have the meanings given to them in the Company's admission
document dated 16 May 2018 unless otherwise specified.
Steve Flavell, Co-CEO of LoopUp commented:
"Today marks a major milestone in LoopUp's development. This is a transformational step for
the Company - MeetingZone enhances our already strong competitive position, adds significant
scale to the business, amplifies the network effect of our offering, and brings a close and
long-standing partnership with Cisco. We are excited to welcome MeetingZone into our newly-enlarged
group. Together, we have an exciting opportunity to transform the way remote meetings take
place and drive long-term growth and value for our shareholders."
For further information, please contact:
LoopUp Group PLC via FTI
Steve Flavell, co-CEO
+44 (0) 20
Panmure Gordon (UK) Limited 7886 2500
Dominic Morley / Alina Vaskina
(Corporate Finance)
Erik Anderson (Corporate Broking)
+44 (0) 20
Numis Securities Limited 7260 1000
Simon Willis / Jonny Abbott (Corporate
Finance)
Tom Ballard (Corporate Broking)
+44 (0) 20
FTI Consulting, LLP 3727 1000
Matt Dixon / Harry Staight / Jamille
Smith
About LoopUp Group plc
LoopUp (LSE AIM: LOOP) is a premium remote meetings solution. Streamlined and intuitive, LoopUp
is built for business users and delivers the quality, security and reliability required in
the enterprise. One-click screen sharing and integration with tools business people use every
day, like Outlook(TM), make it easy for LoopUp users to collaborate in real time. LoopUp's
award-winning SaaS solution doesn't overwhelm users with features, and doesn't require training.
Over 2,000 enterprises worldwide, including Travelex, Kia Motors America, Planet Hollywood,
National Geographic, and Subaru trust LoopUp with their remote meetings.
The Group is headquartered in London, with offices in San Francisco, New York, Boston, Hong
Kong, Barbados and Australia, and is listed on the AIM market of the London Stock Exchange
(LOOP). For further information, please visit: www.loopup.com.
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END
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