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LoopUp Group PLC (LOOP)

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Monday 30 May, 2022

LoopUp Group PLC

PDMR Dealings and Total Voting Rights

RNS Number : 1607N
LoopUp Group PLC
30 May 2022
 

30 May 2022

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 1,587,821 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 .

 

The participation of employees in the ESPP remains strong after its launch in July 2021 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 elected to participate in the ESPP in January 2022 and their holdings have increased in accordance with the Rules of the ESPP as follows:

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

Michael Hughes

co-CEO

3,197,321

 221,467

 86,596

 134,871

3,332,192

3.22%

Victor Sanchez

CTO

466,476

 24,762

 10,017

 14,745

 481,221

0.46%

Dave Carroll

EVP, Network Operations

 95,094

 156,109

 68,024

 88,085

 183,179

0.18%

Edward Cooper

General Counsel

 40,829

 62,443

 27,207

 35,236

 76,065

0.07%

 

Total Voting Rights

 

As a result of this issue, the total number of ordinary shares in issue now stands at 103,528,486 shares and the total number of voting rights in the Company is therefore 103,528,486.  No ordinary shares are held in treasury.

 

The above figure of 103,528,486 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.

 

 

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.  Michael Hughes

2.  Victor Sanchez

3.  Dave Carroll

4.  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

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. 

7.065p

 221,467

 86,596

2. 

7.065p

 24,762

 10,017

3. 

7.065p

 156,109

 68,024

4. 

7.065p

 62,443

 27,207

 

 

d)

 

Aggregated information 

- Aggregated volume

- Price

464,781 shares allotted of which  191,844 have been sold to cover tax liabilities at a price of 7.065p per share.

e)

 

Date of the transaction 

23 May 2022 and 25 May 2022 (trades took place over two phases)

f)

Place of the transaction

London Stock Exchange

 

 

 

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