Issue of Equity

RNS Number : 9750D

LoopUp Group PLC

05 February 2018

 

LOOPUP GROUP PLC

Issue of Equity

LoopUp Group plc (LSE AIM: LOOP) ("Company"), the premium remote meetings company, announces that the Company issued 123,620 new Ordinary Shares of 0.5 pence each ("Ordinary Shares") as a result of an exercise of options. The options, which were granted between 2014 and 2016, were exercised at a price of 75 pence each.

Application has been made for the 123,620 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that the dealings in these new Ordinary Shares will commence on 8 February 2018. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Following Admission, the Company will have in issue a total of 42,193,347 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.

For further information:

LoopUp Group plc	via FTI
Steve Flavell, co-CEO
Panmure Gordon (UK) Limited	[phone]
Dominic Morley / Alina Vaskina (Corporate Finance)
Erik Anderson (Corporate Broking)
FTI Consulting LLP	[phone]
Matt Dixon / Harry Staight

About LoopUp Group plc

LoopUp (LSE AIM: LOOP) is a premium remote meetings solution. Streamlined and intuitive, LoopUp is built for business users and delivers the quality, security and reliability required in the enterprise. One-click screen sharing and integration with tools business people use every day, like Outlook™, make it easy for LoopUp users to collaborate in real time. LoopUp's award-winning SaaS solution doesn't overwhelm users with features, and doesn't require training. Over 2,000 enterprises worldwide, including Travelex, Kia Motors America, Planet Hollywood, National Geographic, and Subaru trust LoopUp with their remote meetings.

The Company's corporate group is headquartered in London, with offices in San Francisco, New York, Boston, Hong Kong and Barbados, and is listed on the AIM market of the London Stock Exchange (LOOP). For further information, please visit: www.loopup.com.

 

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