TIDMLOOP
RNS Number : 4373B
LoopUp Group PLC
30 September 2022
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE
DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE
UNITED STATES, CANADA, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA OR
JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION,
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
30 September 2022
LoopUp Group plc
("LoopUp", the "Group" or the "Company")
Results of Broker Offer
Further to the announcement made on 29 September 2022 by the
Company in connection with the placing and subscription to raise
GBP3.5 million (before expenses), LoopUp Group plc (AIM: LOOP), the
cloud platform for premium hybrid communications, announces that
the Broker Offer undertaken through Turner Pope Investments (TPI)
Limited ("TPI") has now closed. TPI received, and the Company has
accepted, applications for 520,000 Broker Offer Shares
(representing an additional GBP26,000raised before expenses).
The Broker Offer was undertaken to provide shareholders and
other investors who did not initially participate in the Placing
the opportunity to invest in the Company, following the closing of
the accelerated bookbuild.
Application will be made to the London Stock Exchange for
admission of the Broker Offer Shares to trading on AIM with
admission expected to take place at 8.00 a.m. on 18 October 2022,
subject to the passing of the Resolutions at the General Meeting to
be held on 17 October 2022.
The Broker Offer Shares will, when issued, be credited as fully
paid and rank pari passu with the existing Ordinary Shares.
Capitalised terms used in this announcement shall, unless
otherwise defined, have the same meanings as set out in the
Company's announcement of 28 September 2022.
The person responsible for arranging the release of this
announcement on behalf of the Company is Steve Flavell, Co-Chief
Executive of the Company.
Enquiries:
For further information, please contact:
LoopUp Group plc via FTI
Steve Flavell, co-CEO
Panmure Gordon (UK) Limited (Nominated Adviser +44 (0) 20 7886
& Joint Broker) 2500
Dominic Morley / Alina Vaskina (Corporate
Finance)
Erik Anderson (Corporate Broking)
+44 (0) 20 7397
Cenkos Securities Limited (Joint Broker) 8900
Giles Balleny / Dan Hodkinson (Corporate Finance)
Dale Bellis / Alex Pollen (Sales)
Turner Pope Investments (Joint Broker to
the transaction) +44 (0) 20 3657
James Pope / Andy Thacker 0050
+44 (0) 20 3727
FTI Consulting, LLP (Public Relations Adviser) 1000
Matt Dixon / Jamille Smith / Tom Blundell
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF EU REGULATION 596/2014 AS IT FORMS PART OF UK
DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018
("MAR").
IMPORTANT NOTICES
THE PLACING SHARES AND THE BROKER OFFER SHARE HAVE NOT BEEN AND
WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED (THE "SECURITIES ACT") OR WITH ANY SECURITIES
REGULATORY AUTHORITY OF ANY STATE OR JURISDICTION OF THE UNITED
STATES, AND MAY NOT BE OFFERED, SOLD OR TRANSFERRED, DIRECTLY OR
INDIRECTLY, IN THE UNITED STATES EXCEPT PURSUANT TO AN EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND IN COMPLIANCE WITH ANY
APPLICABLE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OF
THE UNITED STATES. THE PLACING SHARES AND BROKER OFFER SHARES ARE
BEING OFFERED AND SOLD ONLY OUTSIDE OF THE UNITED STATES IN
"OFFSHORE TRANSACTIONS" WITHIN THE MEANING OF, AND IN ACCORDANCE
WITH, REGULATION S UNDER THE SECURITIES ACT AND OTHERWISE IN
ACCORDANCE WITH APPLICABLE LAWS. NO PUBLIC OFFERING OF THE PLACING
SHARES OR BROKER OFFER SHARES IS BEING MADE IN THE UNITED STATES OR
ELSEWHERE.
The Placing Shares and Broker Offer Shares have not been
approved or disapproved by the US Securities and Exchange
Commission, any state securities commission or other regulatory
authority in the United States, nor have any of the foregoing
authorities passed upon or endorsed the merits of the Placing or
the accuracy or adequacy of this announcement. Any representation
to the contrary is a criminal offence in the United States. The
relevant clearances have not been, nor will they be, obtained from
the securities commission of any province or territory of Canada,
no prospectus has been lodged with, or registered by, the
Australian Securities and Investments Commission or the Japanese
Ministry of Finance; the relevant clearances have not been, and
will not be, obtained from the South Africa Reserve Bank or any
other applicable body in the Republic of South Africa in relation
to the Placing Shares and the Placing Shares have not been, nor
will they be, registered under or offered in compliance with the
securities laws of any state, province or territory of Australia,
Canada, the Republic of South Africa or Japan. Accordingly, the
Placing Shares may not (unless an exemption under the relevant
securities laws is applicable) be offered, sold, resold or
delivered, directly or indirectly, in or into Australia, Canada,
the Republic of South Africa or Japan or any other jurisdiction
outside the United Kingdom.
Each of the Joint Bookrunners is authorised and regulated by the
Financial Conduct Authority in the United Kingdom and is acting
exclusively for the Company and no one else in connection with the
Bookbuilding Process and the Placing, and neither of the Joint
Bookrunners will be responsible to anyone (including any Placees)
other than the Company for providing the protections afforded to
its clients or for providing advice in relation to the Bookbuilding
Process or the Placing or any other matters referred to in this
Announcement.
TPI is authorised and regulated by the Financial Conduct
Authority in the United Kingdom and is acting exclusively for the
Company and no one else in connection with the Broker Option, and
TPI will not be responsible to anyone (including any participants
in the Broker Offer) other than the Company for providing the
protections afforded to its clients or for providing advice in
relation to the Broker Offer or any other matters referred to in
this Announcement.
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END
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