Transfer of Shares

RNS Number : 2521Q

LoopUp Group PLC

04 June 2018

 

4 June 2018

LOOPUP GROUP PLC

("LoopUp Group" or the "Group")

Transfer of Shares

LoopUp Group plc (LSE AIM: LOOP), the premium remote meetings company, received notification that on 1 June 2018 Andrew Scott has transferred 1,500,000 Ordinary Shares in the Group ("Ordinary Share") to SFT Capital Limited.

Following admission of 12,500,000 new Ordinary Shares, the Group's total issued share capital is 54,731,963 Ordinary Shares. There is no change in Mr Scott's beneficial interest of 10,088,919 Ordinary Shares, representing 18.43% of the Group's issued share capital. These Ordinary Shares will remain subject to the same orderly market arrangement undertaken on Admission.

Following the Transfer, Mr. Scott's beneficial holding includes 3,942,889 Ordinary Shares registered in the name of Mr. Scott and his spouse, Rhonda Scott (representing 7.20% of the Group's issued share capital); 146,030 Ordinary Shares registered in the name of the Scott Family Trust (representing 0.27% of the Group's issued share capital); and 6,000,000 Ordinary Shares registered in the name of the SFT Capital Limited (representing 10.96% of the Group's issued share capital).

For further information:

LoopUp Group PLC	via FTI Consulting, LLP
Steve Flavell, Co-CEO
Panmure Gordon (UK) Limited	[phone]
Dominic Morley / Alina Vaskina (Corporate Finance)
Erik Anderson (Corporate Broking)
Numis Securities Limited
Simon Willis / Jonny Abbott (Corporate Finance)	[phone]
Tom Ballard (Corporate Broking)
FTI Consulting, LLP	[phone]
Matt Dixon / Harry Straight / Jamille Smith

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 Group is headquartered in London, with offices in San Francisco, New York, Boston, Hong Kong, Barbados and Australia, 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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