logo-loader
viewLoopUp Group PLC

LoopUp Group PLC - Issue of Equity and Director Dealings

RNS Number : 7959N
LoopUp Group PLC
22 May 2020
 

22 May 2020

 

LOOPUP GROUP PLC

("LoopUp Group" or the "Group")

 

Issue of Equity and Director Dealings

 

LoopUp Group plc (LSE AIM: LOOP), the premium remote meetings company, announces that the Company has issued 122,167 new Ordinary Shares of 0.5 pence each ("Ordinary Shares") as a result of an exercise of share options by Directors, employees and ex-employees of the Group.

Issue of Equity

Application has been made for the 122,167 new Ordinary Shares to be admitted to trading on AIM. It is expected that dealings in these new Ordinary Shares will commence on 29 May 2020 ("Admission"). The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Following Admission, the Company will have in issue a total of 55,367,349 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.

Director Dealings

Michael Reynolds, a Non-Executive Director, exercised options granted in 2014 at an exercise price of 1.28 pence per share over a total of 75,000 Ordinary Shares. Following this exercise of options and sale of shares, Mr. Reynolds will hold options over 75,000 Ordinary Shares and will hold 75,000 Ordinary Shares representing 0.14% of the Group's issued share capital following Admission.

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


 

 

Panmure Gordon (UK) Limited

 

+44 (0) 20 7886 2500

Dominic Morley / Alina Vaskina (Corporate Finance)


 

Erik Anderson (Corporate Broking)


 



Numis Securities Limited

+44 (0) 20 7260 1000

 

Simon Willis / Jonny Abbott (Corporate Finance)


 



FTI Consulting, LLP

+44 (0) 20 3727 1000

 

Matt Dixon / Emma Hall / Jamille Smith / Shamma Kelly


 

 

About LoopUp Group plc:

LoopUp (LSE AIM: LOOP) is a premium remote meetings solution. The solution provides a reliable, secure and incredibly simple experience that is optimised for external guests on business-critical meetings, such as professional services firms' communications with their clients. Over 5,000 organisations worldwide trust LoopUp's award-wining SaaS solution with their remote meetings, including more than 20 of both the world's top-100 law firms and top-100 private equity firms, as well as 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, 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 

Michael Reynolds

2

 

Reason for the notification

a)

 

Position/status

 

Director

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 

 

 Exercise of Options

d)

 

Price(s) and volume(s)

75,000 options at 1.28p each

 

d)

 

Aggregated information 

- Aggregated volume

- Price

75,000 options at 1.28p each

 

e)

 

Date of the transaction 

21 May 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 [email protected] or visit www.rns.com.
 
END
 
 
IOESEEFDEESSELI

Quick facts: LoopUp Group PLC

Price: 160

Market: AIM
Market Cap: £88.59 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Morning Report: FTSE 100 falls as COVID-19 cases keep rising

Headlines from the Proactive UK newsroom. The FTSE 100 slumped more than 100 points as the rate of new coronavirus cases especially in the US caused more concern. The blue-chip index was 120 points lower at 6,199. Reflecting the unease, gold jumped to a new recent high of US$1,770 per...

1 week, 3 days ago