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LoopUp Group PLC (LOOP)

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Friday 19 November, 2021

LoopUp Group PLC

PDMR Dealings and Total Voting Rights

RNS Number : 9925S
LoopUp Group PLC
19 November 2021
 

19 November 2021

LoopUp Group plc

("LoopUp" or the "Group")

 

PDMR Dealings and Total Voting Rights

 

LoopUp Group plc (AIM: LOOP), the cloud platform for premium specialist communications, announces that a total of 785,882 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.

 

PDMR Dealings

 

Certain PDMRs have participated in the ESPP, and as a result of such participation, have elected to sell sufficient number of New Ordinary Shares to cover their respective tax liability. The following PDMR dealings in relation to the New Ordinary Shares have taken place:

 

Name

Title

Shares

New Ordinary Shares initially allotted (ESPP)

New Ordinary Shares sold (to cover ESPP tax)

New Ordinary Shares held (after ESPP tax)

Total number of shares held 

(all holdings)

Total shares as a % of issued share capital

Steve Flavell

co-CEO

65,296

30,921

34,375

2,660,250

2.74%

Michael Hughes

co-CEO

58,028

17,744

40,284

2,657,183

2.74%

Marcus Greensit

COO

20,440

9,680

10,760

67,003

0.07%

Alex

Breen

CPO

51,811

15,705

36,106

488,313

0.50%

Robert Jardine

CMO

18,169

8,604

9,565

32,065

0.03%

Dave

Carroll

EVP, Network Operations

35,487

15,017

20,470

20,470

0.02%

Edward Cooper

General Counsel

13,627

5,766

7,861

11,375

0.01%

 

 

Total Voting Rights

 

As a result of this issue, the total number of ordinary shares in issue now stands at 97,001,114 and the total number of voting rights in the Company is therefore 97,001,114.  No ordinary shares are held in treasury.

 

The above figure of 97,001,114 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.

 

 

Enquiries:

 

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)

 

 

 

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

 

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

 

Ordinary shares of 0.5p each  

b)

Identification code 

 

GB00BYQP6S60

c)

 

Nature of the transaction 

 

Allotment and part sale pursuant to a group Employee Share Purchase Plan

d)

 

Price(s) and volume(s)

Initial allotment

 

Sale (cover tax)

Price(s)

Volume(s)

1. 

22.015p

65,296

2. 

22.015p

58,028

3. 

22.015p

20,440

4. 

22.015p

51,811

5. 

22.015p

18,169

6. 

22.015p

35,487

7. 

22.015p

13,627

 

Price(s) - average

Volume(s)

1. 

21.697p

Sale of 30,921

2. 

21.697p

Sale of 17,744

3. 

21.697p

Sale of 9,680

4. 

21.697p

Sale of 15,705

5. 

21.697p

Sale of 8,604

6. 

21.697p

Sale of 15,017

7. 

21.697p

Sale of 5,766

 

d)

 

Aggregated information 

- Aggregated volume

- Price

262,858 ordinary shares allotted at 22.015p.

103,436 ordinary shares sold (to cover tax) at 22.015p

e)

 

Date of the transaction 

18 November 2021

f)

Place of the transaction

London Stock Exchange

 

 

 

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