TIDMLOOP
RNS Number : 7127G
LoopUp Group PLC
19 March 2020
19 March 2020
LOOPUP GROUP PLC
("LoopUp Group" or the "Group")
Update on measures relating to 2018 and 2019 options grants
and
Director and PDMR Dealings
LoopUp Group plc (LSE AIM: LOOP), the premium remote meetings
company, provides an update to the announcement made on 4 December
2019 in relation to the offer made to current employees - excluding
co-CEOs Steve Flavell and Michael Hughes - concerning options
granted in August 2018 and June 2019.
Following the conclusion of the process, it has resulted in the
cancellation of 2,512,250 options granted in August 2018 and June
2019 ("Old Options") and the grant of 2,171,800 new options with an
exercise price of 75 pence ("New Options").
The grant of 2,171,800 New Options equates to 3.9% of the
Group's current issued share capital. In total, 4,632,645 options
over the Company's Ordinary Shares are now outstanding, which
equates to 8.4% of the Group's current issued share capital. The
Group's current total number of ordinary shares in issue is
55,245,182.
The Group's Remuneration Committee and the Board maintain that
these share options are an effective and important mechanism to
incentivise and retain key employees of the Group and to align them
with shareholder interests.
Cancellation of Old Options and New Options granted to Directors
/ PDMRs
The following PDMRs of the Group had share options granted or
cancelled, which are included in the totals above:
Options Shares
Total
number Options
of options as % % of
New held post of issued issued
Old Options Options cancellation share Number share
Name Title cancelled granted and grant capital of shares capital
Steve co-CEO,
Flavell Director (180,000) - - 0.00% 2,625,875 4.75%
Michael co-CEO,
Hughes Director (180,000) - 880,000 1.59% 2,616,899 4.74%
Simon
Healey CFO, Director (95,000) 82,000 152,000 0.28% 64,500 0.12%
Marcus
Greensit COO, PDMR (180,000) 156,000 456,000 0.83% 156,243 0.28%
Robert
Jardine CMO, PDMR (107,500) 93,000 93,000 0.17% - -
Alex
Breen CPO, PDMR (107,500) 93,000 203,218 0.37% 452,207 0.82%
VP Group
Benjamin Commercial,
Fried PDMR (95,000) 82,000 82,000 0.15% 3,381 0.01%
VP Network
David Operations,
Carroll PDMR (95,000) 82,000 82,000 0.15% - -
Koorosh VP Engineering,
Nouri PDMR (60,000) 52,000 52,000 0.09% - -
General
Edward Counsel,
Cooper PDMR (60,000) 52,000 52,000 0.09% 1,114 0.00%
The FCA notification, made in accordance with the requirements
of the EU Market Abuse Regulation is appended below.
For further information, please contact:
LoopUp Group PLC via FTI
Steve Flavell, co-CEO
+44 (0) 207 886
Panmure Gordon (UK) Limited 2500
Dominic Morley / Alina Vaskina (Corporate
Finance)
Erik Anderson (Corporate Broking)
+44 (0) 207 260
Numis Securities Limited 1000
Simon Willis/Jonny Abbott (Corporate Finance)
+44 (0) 203 727
FTI Consulting, LLP 1000
Matt Dixon / Emma Hall / Jamille Smith / Shamma
Kelly
About LoopUp Group plc
LoopUp (LSE AIM: LOOP) is a premium remote meetings solution.
LoopUp helps technology leaders to unlock the true potential of
remote meetings in their organisations by combining simple,
progressive software with best-in-class audio reliability. Over
2,000 organisations worldwide trust LoopUp's award-wining SaaS
solution with their remote meetings, including 20 of the world's
top-100 law firms, 24 of the world's top-100 private equity firms,
and enterprises such as Travelex, Kia Motors, Planet Hollywood and
National Geographic. 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.
Details of the person discharging managerial responsibilities
1 / 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 Initial Notification
/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 Options over Ordinary Shares of 0.5p
financial instrument, each
type of instrument
-------------------------- ------------------------------------------
b) Identification code GB00BYQP6S60
-------------------------- ------------------------------------------
c) Nature of the transaction Cancellation of Old Options and Grant
of New Options
-------------------------- ------------------------------------------
d) Price(s) and volume(s) Cancellation of 2018 Options
Price(s) Volume(s)
1. 440p 120,000
----- ----------
2. 440p 120,000
----- ----------
3. 440p 60,000
----- ----------
4. 440p 120,000
----- ----------
5. 440p 70,000
----- ----------
6. 440p 70,000
----- ----------
7. 440p 60,000
----- ----------
8. 440p 60,000
----- ----------
9. 440p 40,000
----- ----------
10. 440p 40,000
----- ----------
Cancellation of 2019 Options
Price(s) Volume(s)
1. 317.5p 60,000
------- ----------
2. 317.5p 60,000
------- ----------
3. 317.5p 35,000
------- ----------
4. 317.5p 60,000
------- ----------
5. 317.5p 37,500
------- ----------
6. 317.5p 37,500
------- ----------
7. 317.5p 35,000
------- ----------
8. 317.5p 35,000
------- ----------
9. 317.5p 20,000
------- ----------
10. 317.5p 20,000
------- ----------
Grant of New Options
Price(s) Volume(s)
1. - -
---- ----------
2. - -
---- ----------
3. 75p 82,000
---- ----------
4. 75p 156,000
---- ----------
5. 75p 93,000
---- ----------
6. 75p 93,000
---- ----------
7. 75p 82,000
---- ----------
8. 75p 82,000
---- ----------
9. 75p 52,000
---- ----------
10. 75p 52,000
---- ----------
-------------------------- ------------------------------------------
d) Aggregated information Cancellation of 2018 Options
- Aggregated volume 760,000 options at 440p each
- Price
Cancellation of 2019 Options
400,000 options at 317.5p each
Grant of New Options
692,000 options at 75p each
-------------------------- ------------------------------------------
e) Date of the transaction 19 March 2020
-------------------------- ------------------------------------------
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.
END
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(END) Dow Jones Newswires
March 19, 2020 03:01 ET (07:01 GMT)
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