PDMR Dealings and Total Voting Rights

LoopUp Group PLC

04 July 2023

 

4 July 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 6,756,121 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 January 2023 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 (primarily to cover tax liability)	Net additional shares issued (or sold)	Shares held after dealing	Shares held as a % of total issued share capital
Michael Hughes	co-CEO	4,118,738	974,236	426,799	547,437	4,666,175	2.41%
Simon Sacerdoti	CFO	14,790	506,711	506,711	-	14,790	0.01%
Marcus Greensit	COO	194,028	202,684	88,323	114,361	308,389	0.16%
Jana Rhyu	SVP Product	157,892	626,294	626,294	-	157,892	0.08%
Edward Cooper	General Counsel	229,556	337,807	147,200	190,607	420,163	0.22%

Total Voting Rights

As a result of this issue, the total number of ordinary shares in issue now stands at 193,701,943 shares and the total number of voting rights in the Company is therefore 193,701,943.  No ordinary shares are held in treasury.

The above figure of 193,701,943 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	[phone]
Dominic Morley / Ivo Macdonald (Corporate Finance)
Cenkos Securities Limited	[phone]
Giles Balleny / Dan Hodkinson (Corporate Finance)
Alex Pollen / Dale Bellis (Sales)
FTI Consulting, LLP	[phone]
Matt Dixon / 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.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	1.   Michael Hughes 2.   Simon Sacerdoti 3.   Marcus Greensit 4.   Jana Rhyu 5.   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 the Employee Share Purchase Plan
d)	Price(s) and volume(s)	Volume(s) Price Allotment Sale 1.    974,236  426,799 1.74p 2.    506,711  506,711 1.74p 3.    202,684  88,323 1.74p 4.    626,294  626,294 1.74p 5.    337,807  147,200 1.74p
d)	Aggregated information  - Aggregated volume - Price	2,647,732 shares allotted of which 1,795,327 have been sold primarily to cover tax liabilities at a price of 1.74p per share.
e)	Date of the transaction	30 June 2023
f)	Place of the transaction	London Stock Exchange

 

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