TIDMLOOP

RNS Number : 9866M

LoopUp Group PLC

20 September 2023

20 September 2023

LoopUp Group plc

("LoopUp" or the "Group")

PDMR Dealings and Total Voting Rights

LoopUp Group plc (AIM: LOOP), the cloud platform for premium hybrid communications, announces that a total of 4,214,500 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 per cent of their salary in return for the allotment of New Ordinary Shares .

The participation of employees in the ESPP remains strong since 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 April 2023 and their holdings have increased in accordance with the Rules of the ESPP as follows:

 
 
                                                                                                           Shares held 
                                                                                      Net                    as a % of 
                                                 Additional     Shares sold    additional                        total 
                                  Shares held        shares   (primarily to        shares    Shares held        issued 
                                       before     initially       cover tax    issued (or          after         share 
 Name            Title                dealing        issued      liability)         sold)        dealing       capital 
 Michael 
  Hughes         co-CEO          4,666,175      775,626       344,792          430,834       5,097,009     2.58% 
 Marcus 
  Greensit       COO              308,389       168,067       73,238           94,829        403,218       0.20% 
                 General 
 Edward Cooper    Counsel         420,163       280,112       122,064          158,048       578,211       0.29% 
 

Total Voting Rights

As a result of this issue, the total number of ordinary shares in issue now stands at 197,916,443 shares and the total number of voting rights in the Company is therefore 197,916,443. No ordinary shares are held in treasury.

The above figure of 197,916,443 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.

 
LoopUp Group plc                                    via FTI 
Steve Flavell, co-CEO 
 
                                                      +44 (0) 20 7886 
  Panmure Gordon (UK) Limited                         2500 
Dominic Morley / Ivo Macdonald (Corporate 
 Finance) 
 
                                                      +44 (0) 20 7397 
  Cavendish Securities plc                            8900 
Giles Balleny / Dan Hodkinson (Corporate Finance) 
Dale Bellis (Sales) 
 
                                                    +44 (0) 20 3727 
FTI Consulting, LLP                                  1000 
Emma Hall / Jamille Smith / Tom Blundell 
 

About LoopUp Group plc

LoopUp (LSE AIM: LOOP) is a cloud platform for premium hybrid communications. The Group's flagship Cloud Telephony solution for Microsoft Teams enables multinational enterprises to consolidate their global telephony provision into a single, consistently managed cloud implementation rather than disparate implementations from multiple carriers. The Group is listed on the AIM market of the London Stock Exchange 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.

 
       Details of the person discharging managerial responsibilities 
   1    / person closely associated 
 a)    Names                            1. Michael Hughes 
                                         2. Marcus Greensit 
                                         3. Edward Cooper 
      --------------------------  -------------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------ 
 a)    Position/status             Classified as PDMRs of the Company 
      --------------------------  -------------------------------------------- 
 b)    Initial notification        Initial Notification 
        /Amendment 
      --------------------------  -------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------ 
 a)    Name                        LoopUp Group plc 
      --------------------------  -------------------------------------------- 
 b)    LEI                         21380063DQ4WXDQLYB80 
      --------------------------  -------------------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4     (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          Ordinary shares of 0.5p 
        financial instrument, 
        type of instrument 
      --------------------------  -------------------------------------------- 
 b)    Identification code         GB00BYQP6S60 
      --------------------------  -------------------------------------------- 
 c)    Nature of the transaction   Allotment and part sale pursuant to the 
                                    Employee Share Purchase Plan 
      --------------------------  -------------------------------------------- 
 d)    Price(s) and volume(s)                      Volume(s)        Price 
                                               Allotment   Sale 
                                              ----------  -------- 
                                          1.   775,626     344,792   2.1p 
                                              ----------  --------  ------ 
                                          2.   168,067     73,238    2.1p 
                                              ----------  --------  ------ 
                                          3.   280,112     122,064   2.1p 
                                              ----------  --------  ------ 
      --------------------------  -------------------------------------------- 
 d)    Aggregated information      1,223,805 shares allotted of which 540,094 
        - Aggregated volume         have been sold primarily to cover tax 
        - Price                     liabilities at a price of 2.1 p per share. 
      --------------------------  -------------------------------------------- 
 e)    Date of the transaction     19 September 2023 
      --------------------------  -------------------------------------------- 
 f)    Place of the transaction    London Stock Exchange 
      --------------------------  -------------------------------------------- 
 

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END

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