Information  X 
Enter a valid email address

LoopUp Group PLC (LOOP)

  Print      Mail a friend

Wednesday 05 June, 2019

LoopUp Group PLC

Grant of Options

RNS Number : 2245B
LoopUp Group PLC
05 June 2019
 

5 June 2019

 

LOOPUP GROUP PLC

 

("LoopUp Group" or the "Group")

 

Grant of Options

 

LoopUp Group plc (LSE AIM: LOOP), the premium remote meetings company, announces that the Group's Remuneration Committee and the Board have approved the grant of 1,078,750 options ("New Options") over ordinary shares of 0.5 pence each ("Ordinary Shares") to 104 employees, including Executive Directors and PDMRs, pursuant to the Group's existing share option schemes.

 

All New Options were granted with an exercise price of 317.5 pence each, being the closing middle market price on 4 June 2019. The New Options will vest over four years, one quarter at the end of year one and then three quarters on a monthly basis over years two to four.

 

The grant of 1,078,750 New Options equates to 1.95% of the Group's current issued share capital. In total, 5,484,784 options ("Total Options") now remain outstanding, which equates to 9.9% of the Group's current issued share capital. The Group's current total number of ordinary shares in issue is 55,245,182.

 

The Board of the Group considers annual grants of share options to be an effective and important mechanism to incentivise and retain key employees of the Group and to align them with shareholder interests.

 

New Options granted to Director / PDMRs

 

The following PDMRs of the Group were granted share options, which are included in the totals above:

 

Name

Title

Options

Shares

New Options granted

Total number of options held post grant

Options as % of issued share capital

Number of shares

% of issued share capital

Steve Flavell

co-CEO, Director

60,000

180,000

0.33%

2,527,294

4.57%

Michael Hughes

co-CEO, Director

60,000

1,060,000

1.92%

2,457,294

4.45%

Simon Healey

CFO, Director

35,000

165,000

0.30%

20,000

0.04%

Marcus Greensit

COO, PDMR

60,000

480,000

0.87%

150,000

0.27%

Robert Jardine

CMO, PDMR

37,500

107,500

0.20%

-

-

Alex
Breen

CPO, PDMR

37,500

217,718

0.39%

451,707

0.82%

Benjamin Fried

VP Group Commercial, PDMR

35,000

95,000

0.17%

-

-

David Carroll

VP Network Operations, PDMR

35,000

95,000

0.17%

-

-

Koorosh

Nouri

VP Engineering, PDMR

20,000

60,000

0.11%

-

-

Edward Cooper

General Counsel, PDMR

20,000

60,000

0.11%

-

-

 

The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below.

 

For further information:

 

LoopUp Group PLC

via FTI Consulting, LLP

Steve Flavell, co-CEO

 

 

 

Panmure Gordon (UK) Limited

+44 (0) 20 7886 2500

Dominic Morley / Alina Vaskina (Corporate Finance)

 

Erik Anderson (Corporate Broking)

 

 

 

Numis Securities Limited 

 

Simon Willis / Jonny Abbott (Corporate Finance)

+44 (0) 20 7260 1000

Tom Ballard (Corporate Broking)

 

 

 

FTI Consulting, LLP         

+44 (0) 20 3727 1000

Matt Dixon / Harry Staight

 

 

 

About LoopUp Group plc

 

LoopUp (LSE AIM: LOOP) is a premium remote meetings solution. Streamlined and intuitive, LoopUp is built to give mainstream business professionals a better and more productive experience than basic dial-in conferencing, while delivering 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 Clifford Chance trust LoopUp with their remote meetings.

 

The Group is headquartered in London, with offices in San Francisco, New York, Boston, Chicago, Dallas, Los Angeles, Atlanta, Denver, Cardiff, Milton Keynes, Madrid, Berlin, Malmo, Hong Kong, Sydney and Barbados, and is listed on the AIM market of the London Stock Exchange (LOOP). 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, co-CEO, Director

2. Michael Hughes, co-CEO, Director

3. Simon Healey, CFO, Director

4. Marcus Greensit, COO, PDMR

5. Robert Jardine, CMO, PDMR

6. Alex Breen, CPO, PDMR

7. Benjamin Fried, VP Group Commercial, PDMR

8. David Carroll, VP Network Operations, PDMR

9. Koorosh Nouri, VP Engineering, PDMR

10. Edward Cooper, General Counsel, PDMR

2

 

Reason for the notification

a)

 

Position/status

 

Classified as PDMRs of the Company

b)

 

Initial notification /Amendment

 

Initial Notification

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

 

Options over Ordinary Shares of 0.5p each

b)

Identification code 

 

GB00BYQP6S60

c)

 

Nature of the transaction 

 

 Grant of New Options

d)

 

Price(s) and volume(s)

Price(s)

Volume(s)

1. 317.5p

60,000 New Options

2. 317.5p

60,000 New Options

3. 317.5p

35,000 New Options

4. 317.5p

60,000 New Options

5. 317.5p

37,500 New Options

6. 317.5p

37,500 New Options

7. 317.5p

35,000 New Options

8. 317.5p

35,000 New Options

9. 317.5p

20,000 New Options

10. 317.5p

20,000 New Options

d)

 

Aggregated information 

- Aggregated volume

- Price

1,078,750 New Options over ordinary shares

317.5p

e)

 

Date of the transaction 

4 June 2019

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 [email protected] or visit www.rns.com.
 
END
 
 
DSHSSISUIFUSEDM

a d v e r t i s e m e n t