TIDMLOOP
RNS Number : 1607N
LoopUp Group PLC
30 May 2022
30 May 2022
LoopUp Group plc
("LoopUp" or the "Group")
PDMR Dealings and Total Voting Rights
LoopUp Group plc (AIM: LOOP), the cloud platform for premium
specialist communications, announces that a total of 1,587,821
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 percent of their salary
in return for the allotment of New Ordinary Shares .
The participation of employees in the ESPP remains strong after
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
January 2022 and their holdings have increased in accordance with
the Rules of the ESPP as follows:
Shares held
as a % of
Additional Net total
Shares held shares Shares sold additional Shares held issued
before initially to cover tax shares after share
Name Title dealing issued liability issued dealing capital
Michael
Hughes co-CEO 3,197,321 221,467 86,596 134,871 3,332,192 3.22%
Victor
Sanchez CTO 466,476 24,762 10,017 14,745 481,221 0.46%
EVP, Network
Dave Carroll Operations 95,094 156,109 68,024 88,085 183,179 0.18%
General
Edward Cooper Counsel 40,829 62,443 27,207 35,236 76,065 0.07%
Total Voting Rights
As a result of this issue, the total number of ordinary shares
in issue now stands at 103,528,486 shares and the total number of
voting rights in the Company is therefore 103,528,486. No ordinary
shares are held in treasury.
The above figure of 103,528,486 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 / Alina Vaskina (Corporate
Finance)
Erik Anderson (Corporate Broking)
+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
specialist communications, focusing on capabilities that complement
foundational unified communications platforms, such as Microsoft
Teams. The Group's flagship Cloud Telephony solution for Microsoft
Teams enables enterprise customers to eliminate disparate
on-premises phone systems and multiple telecommunications service
providers, and consolidate their global telecommunications into a
single cloud implementation. LoopUp's global IP backbone
interconnects with 18 carefully selected regional carrier partners
and the Group has market-leading coverage as a licensed
telecommunications service provider. 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. 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. Victor Sanchez
3. Dave Carroll
4. 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 a
group Share Option Scheme and Employee
Share Purchase Plan
-------------------------- ------------------------------------------------
d) Price(s) and volume(s)
Price(s) Volume(s)
Allotment Sale to cover
tax
---------- --------------
1. 7.065p 221,467 86,596
------- ---------- --------------
2. 7.065p 24,762 10,017
------- ---------- --------------
3. 7.065p 156,109 68,024
------- ---------- --------------
4. 7.065p 62,443 27,207
------- ---------- --------------
-------------------------- ------------------------------------------------
d) Aggregated information 464,781 shares allotted of which 191,844
- Aggregated volume have been sold to cover tax liabilities
- Price at a price of 7.065p per share.
-------------------------- ------------------------------------------------
e) Date of the transaction 23 May 2022 and 25 May 2022 (trades took
place over two phases)
-------------------------- ------------------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------- ------------------------------------------------
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END
MSCSEWFMUEESELI
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May 30, 2022 02:01 ET (06:01 GMT)
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