Issue of Equity

RNS Number : 3772X

LoopUp Group PLC

21 February 2017

 

LOOPUP GROUP PLC

("LoopUp Group" or the "Group")

Issue of Equity

LoopUp Group plc (LSE AIM: LOOP), the premium remote meetings company, announces that the Company issued 186,474 new Ordinary Shares of 0.5 pence each  ("Ordinary Shares") as a result of an exercise of options. The options were exercised at a weighted average price of 65.0 pence per Ordinary Share.

Application has been made for the 186,474 new Ordinary Shares to be admitted to trading on AIM. It is expected that the dealings in these new Ordinary Shares will commence on 24 February 2017. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Following Admission, the Company will have in issue a total of 40,970,650 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.

For further information:

LoopUp Group PLC	via FTI Consulting, LLP
Steve Flavell, Co-CEO
Panmure Gordon (UK) Limited	[phone]
Dominic Morley / Alina Vaskina / William Wickham (Corporate Finance)
Erik Anderson / Amy Sarra (Corporate Broking)
FTI Consulting, LLP	[phone]
Matt Dixon / Chris Lane / Roger Newby

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™, 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 and Barbados, 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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