PDMR Dealings - Correction

RNS Number : 6252C
LoopUp Group PLC
23 February 2022
 

23 February 2022

LoopUp Group plc

 

("LoopUp" or the "Group")

 

PDMR Dealings - Correction

 

LoopUp Group plc (AIM: LOOP), the cloud platform for premium specialist communications, announces a correction to the PDMR dealings announced on 21 February 2022 under RNS Number 3001C. The number of additional shares initially issued to all PDMRs and the number of shares sold to cover tax liability in the case of Steve Flavell, together with all consequential figures, were wrong and have been amended below. There are no further changes; the amended announcement appears below in full.

 

PDMR Dealings, Total Voting Rights and Block Listing

 

The Group announces that a total of 5,057,444 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, as well as to employees who at this time have elected to exercise previously granted options pursuant to the LoopUp Share Option Scheme ("Option Scheme") .

 

The participation of employees in the ESPP remains strong after the success of the first period 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 have increased their overall holdings with dealings in relation to these allotments of New Ordinary Shares pursuant to the ESIS and Options Scheme:

 

 

Name

Title


Shares held before dealing

Additional shares initially issued

Shares sold to cover tax liability

Net additional  shares issued

Shares held after dealing

Shares held as a % of total issued share capital

Steve Flavell

co-CEO

2,660,250

 211,610

 100,258

 111,352

2,771,602

2.72%

Michael Hughes

co-CEO

2,657,183

 887,058

 346,920

 540,138

3,197,321

3.13%

Marcus Greensit

COO

67,003

 66,243

 31,390

 34,853

 101,856

0.10%

Alex Breen

CPO

488,313

 280,685

 116,220

 164,465

 652,778

0.64%

Robert Jardine

CMO

32,065

 58,883

 24,933

 33,950

 66,015

0.06%

Dave Carroll

EVP, Network Operations

20,470

 129,422

 54,798

 74,624

 95,094

0.09%

Edward Cooper

General Counsel

11,375

 51,081

 21,627

 29,454

 40,829

0.04%

 

 

Total Voting Rights

 

As a result of this issue, the total number of ordinary shares in issue now stands at 102,058,558 and the total number of voting rights in the Company is therefore 102,058,558.  No ordinary shares are held in treasury.

 

The above figure of 102,058,558 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.

 

Block Listing Application

 

The Company further announces that due to the success of the ESPP, application has been made to the London Stock Exchange for admission of 5,000,000 ordinary shares of 0.5 pence each under a block listing. Such shares are to be issued from time to time to satisfy the allotment of shares pursuant to ESPP.

 

Admission is expected to become effective on 24 February 2022. When issued, the shares will rank pari passu in all respects with the existing issued ordinary shares of the Group.

 

 

For further information, please contact:

 

LoopUp Group plc

via FTI

Steve Flavell, co-CEO




Panmure Gordon (UK) Limited

+44 (0) 20 7886 2500

Dominic Morley / Alina Vaskina (Corporate Finance)


Erik Anderson (Corporate Broking)




Cenkos Securities Limited

+44 (0) 20 7397 8900

Giles Balleny / Dan Hodkinson (Corporate Finance)


Alex Pollen / Dale Bellis (Sales)




FTI Consulting, LLP

+44 (0) 20 3727 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.

 

 1

 

Details of the person discharging managerial responsibilities / person closely associated  

a)

 

Names 

1.  Steve Flavell

2.  Michael Hughes

3.  Marcus Greensit

4.  Alex Breen

5.  Robert Jardine

6.  Dave Carroll

7.  Edward Cooper

2

 

Reason for the notification

a)

 

Position/status

 

Classified as PDMRs of the Company

b)

 

Initial notification /Amendment

 

Amendment

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  

a)

 

Name

 

LoopUp Group plc

b)

 

LEI

21380063DQ4WXDQLYB80

4

 

Details of the transaction(s): section to be repeated for (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 financial instrument, type of instrument

 

Ordinary shares of 0.5p

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. 

8.5p

 211,610

 100,258

2. 

8.5p

 887,058

 346,920

3. 

8.5p

 66,243

 31,390

4. 

8.5p

 280,685

 116,220

5. 

8.5p

 58,883

 24,933

6. 

8.5p

 129,422

 54,798

7. 

8.5p

 51,081

 21,627

 

 

d)

 

Aggregated information 

- Aggregated volume

- Price

1,684,982 shares allotted of which 696,146 have been sold to cover tax liabilities at a price of 8.5p per share.

e)

 

Date of the transaction 

16 February 2022

f)

Place of the transaction

London Stock Exchange

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHSEAFWDEESEDE
UK 100

Latest directors dealings