LoopUp Group PLC Annual Option Grants and PDMR Dealings (7620V)
December 05 2023 - 9:46AM
UK Regulatory
TIDMLOOP
RNS Number : 7620V
LoopUp Group PLC
05 December 2023
5 December 2023
LOOPUP GROUP PLC
("LoopUp" or the "Group")
Annual Option Grants and PDMR Dealings
LoopUp Group plc (LSE AIM: LOOP), the multinational Cloud
Telephony provider, announces that, as part of its annual grant
process, the Group's Remuneration Committee and the Board have
approved the grant of share options to the following PDMRs of the
Group at an exercise price of GBP0.021, equal to the market closing
price on 4 December 2023. Such options have been granted based on a
four-year vesting schedule with one quarter vesting one year after
the grant and the remaining three quarters vesting monthly over the
subsequent 36-month period subject to continuing employment.
Options
--------------------------------------------------------------------------------
Total number of options Options as % of issued
Name Title New options granted held post grant share capital
-------------------- ---------------------------- ----------------------------
Michael Hughes co-CEO 750,000 2,965,500 1.45%
Steve Flavell co-CEO 750,000 2,924,500 1.43%
Marcus Greensit COO 550,000 2,137,100 1.04%
Simon Sacerdoti CFO 550,000 1,150,000 0.56%
Edward Cooper General Counsel 550,000 1,657,700 0.81%
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
About LoopUp Group plc
LoopUp (LSE AIM: LOOP) 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. Steve Flavell
3. Marcus Greensit
4. Simon Sacerdoti
5. 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 Options over Ordinary Shares of 0.5p
financial instrument, each
type of instrument
-------------------------- -------------------------------------
b) Identification code GB00BYQP6S60
-------------------------- -------------------------------------
c) Nature of the transaction Grant of New Options
-------------------------- -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
1. GBP0.021 750,000
--------- ----------
2. GBP0.021 750,000
--------- ----------
3. GBP0.021 550,000
--------- ----------
4. GBP0.021 550,000
--------- ----------
5. GBP0.021 550,000
--------- ----------
-------------------------- -------------------------------------
d) Aggregated information 3,150,000 options at GBP0.021 each
- Aggregated volume
- Price
-------------------------- -------------------------------------
e) Date of the transaction 4 December 2023
-------------------------- -------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------- -------------------------------------
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END
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