LoopUp Group PLC Director/PDMR Shareholding (3235A)

TIDMLOOP

RNS Number : 3235A

LoopUp Group PLC

23 March 2017

LOOPUP GROUP PLC

("LoopUp Group" or the "Group")

Notification of transaction by PDMR and persons closely associated with them

LoopUp Group plc (LSE AIM: LOOP), the premium remote meetings company, received notification that Adara Ventures SICAR has sold 1,075,000 ordinary shares in the Group ("Ordinary Share") at a price of 148 pence per Ordinary Share earlier today in order to satisfy institutional demand.

Adara Ventures SICAR is classified as a Person Closely Associated with Nico Goulet, a Non-Executive Director of the Group and director of Adara Venture Partners, which is a General Partner of Adara Ventures SICAR.

Following the sale, Adara Ventures SICAR has a beneficial interest of 6,964,548 Ordinary Shares representing 17.0% of the Group's issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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                      Adara Ventures SICAR 
----  -------------------------  ------------------------------------ 
 2     Reason for the notification 
----  --------------------------------------------------------------- 
 a)    Position/status            Person Closely Associated 
                                   Nico Goulet, a Non-Executive 
                                   Director of the Group and director 
                                   of Adara Venture Partners, which 
                                   is a General Partner of Adara 
                                   Ventures SICAR. 
----  -------------------------  ------------------------------------ 
 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                        N/A 
----  -------------------------  ------------------------------------ 
 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             Ordinary Shares of 0.5p each 
        the financial 
        instrument, type 
        of instrument 
----  -------------------------  ------------------------------------ 
 b)    Identification             GB00BYQP6S60 
        code 
----  -------------------------  ------------------------------------ 
 c)    Nature of the               Sale of shares 
        transaction 
----  -------------------------  ------------------------------------ 
 d)    Price(s) and                Price(s)   Volume(s) 
        volume(s)                  ---------  ---------- 
                                    148p       1,075,000 
                                   ---------  ---------- 
----  -------------------------  ------------------------------------ 
 d)    Aggregated information      1,075,000 
   - Aggregated 
    volume                          148p 
   - Price 
 ------------------------------  ------------------------------------ 
 e)    Date of the transaction    23 March 2017 
----  -------------------------  ------------------------------------ 
 f)    Place of the               London Stock Exchange 
        transaction 
----  -------------------------  ------------------------------------ 
 

For further information:

 
 LoopUp Group PLC                        via FTI Consulting, 
                                          LLP 
 Steve Flavell, Co-CEO 
 
                                         +44 (0) 207 
 Panmure Gordon (UK) Limited              886 2500 
 Dominic Morley / Alina Vaskina / 
  William Wickham (Corporate Finance) 
 Erik Anderson / Amy Sarra (Corporate 
  Broking) 
 
                                         +44 (0) 203 
 FTI Consulting, LLP                      727 1000 
 Matt Dixon / Chris Lane / Roger 
  Newby 
 

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(TM), 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 and Barbados, and is listed on the AIM market of the London Stock Exchange (LOOP). For further information, please visit: www.loopup.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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March 23, 2017 07:04 ET (11:04 GMT)