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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Loopup Group Plc | LSE:LOOP | London | Ordinary Share | GB00BYQP6S60 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.70 | 0.60 | 0.80 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Computers & Software-whsl | 16.48M | -21.8M | -0.1102 | -0.06 | 1.39M |
TIDMLOOP
RNS Number : 7127G
LoopUp Group PLC
19 March 2020
19 March 2020
LOOPUP GROUP PLC
("LoopUp Group" or the "Group")
Update on measures relating to 2018 and 2019 options grants
and
Director and PDMR Dealings
LoopUp Group plc (LSE AIM: LOOP), the premium remote meetings company, provides an update to the announcement made on 4 December 2019 in relation to the offer made to current employees - excluding co-CEOs Steve Flavell and Michael Hughes - concerning options granted in August 2018 and June 2019.
Following the conclusion of the process, it has resulted in the cancellation of 2,512,250 options granted in August 2018 and June 2019 ("Old Options") and the grant of 2,171,800 new options with an exercise price of 75 pence ("New Options").
The grant of 2,171,800 New Options equates to 3.9% of the Group's current issued share capital. In total, 4,632,645 options over the Company's Ordinary Shares are now outstanding, which equates to 8.4% of the Group's current issued share capital. The Group's current total number of ordinary shares in issue is 55,245,182.
The Group's Remuneration Committee and the Board maintain that these share options are an effective and important mechanism to incentivise and retain key employees of the Group and to align them with shareholder interests.
Cancellation of Old Options and New Options granted to Directors / PDMRs
The following PDMRs of the Group had share options granted or cancelled, which are included in the totals above:
Options Shares Total number Options of options as % % of New held post of issued issued Old Options Options cancellation share Number share Name Title cancelled granted and grant capital of shares capital Steve co-CEO, Flavell Director (180,000) - - 0.00% 2,625,875 4.75% Michael co-CEO, Hughes Director (180,000) - 880,000 1.59% 2,616,899 4.74% Simon Healey CFO, Director (95,000) 82,000 152,000 0.28% 64,500 0.12% Marcus Greensit COO, PDMR (180,000) 156,000 456,000 0.83% 156,243 0.28% Robert Jardine CMO, PDMR (107,500) 93,000 93,000 0.17% - - Alex Breen CPO, PDMR (107,500) 93,000 203,218 0.37% 452,207 0.82% VP Group Benjamin Commercial, Fried PDMR (95,000) 82,000 82,000 0.15% 3,381 0.01% VP Network David Operations, Carroll PDMR (95,000) 82,000 82,000 0.15% - - Koorosh VP Engineering, Nouri PDMR (60,000) 52,000 52,000 0.09% - - General Edward Counsel, Cooper PDMR (60,000) 52,000 52,000 0.09% 1,114 0.00%
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 +44 (0) 207 886 Panmure Gordon (UK) Limited 2500 Dominic Morley / Alina Vaskina (Corporate Finance) Erik Anderson (Corporate Broking) +44 (0) 207 260 Numis Securities Limited 1000 Simon Willis/Jonny Abbott (Corporate Finance) +44 (0) 203 727 FTI Consulting, LLP 1000 Matt Dixon / Emma Hall / Jamille Smith / Shamma Kelly
About LoopUp Group plc
LoopUp (LSE AIM: LOOP) is a premium remote meetings solution. LoopUp helps technology leaders to unlock the true potential of remote meetings in their organisations by combining simple, progressive software with best-in-class audio reliability. Over 2,000 organisations worldwide trust LoopUp's award-wining SaaS solution with their remote meetings, including 20 of the world's top-100 law firms, 24 of the world's top-100 private equity firms, and 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, Atlanta, 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.
Details of the person discharging managerial responsibilities 1 / person closely associated a) Names 1. Steve Flavell, co-CEO, Director 2. Michael Hughes, co-CEO, Director 3. Simon Healey, CFO, Director 4. Marcus Greensit, COO, PDMR 5. Robert Jardine, CMO, PDMR 6. Alex Breen, CPO, PDMR 7. Benjamin Fried, VP Group Commercial, PDMR 8. David Carroll, VP Network Operations, PDMR 9. Koorosh Nouri, VP Engineering, PDMR 10. Edward Cooper, General Counsel, PDMR -------------------------- ------------------------------------------ 2 Reason for the notification ---------------------------------------------------------------------- a) Position/status Classified as PDMRs of the Company -------------------------- ------------------------------------------ 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 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 Options over Ordinary Shares of 0.5p financial instrument, each type of instrument -------------------------- ------------------------------------------ b) Identification code GB00BYQP6S60 -------------------------- ------------------------------------------ c) Nature of the transaction Cancellation of Old Options and Grant of New Options -------------------------- ------------------------------------------ d) Price(s) and volume(s) Cancellation of 2018 Options Price(s) Volume(s) 1. 440p 120,000 ----- ---------- 2. 440p 120,000 ----- ---------- 3. 440p 60,000 ----- ---------- 4. 440p 120,000 ----- ---------- 5. 440p 70,000 ----- ---------- 6. 440p 70,000 ----- ---------- 7. 440p 60,000 ----- ---------- 8. 440p 60,000 ----- ---------- 9. 440p 40,000 ----- ---------- 10. 440p 40,000 ----- ---------- Cancellation of 2019 Options Price(s) Volume(s) 1. 317.5p 60,000 ------- ---------- 2. 317.5p 60,000 ------- ---------- 3. 317.5p 35,000 ------- ----------
4. 317.5p 60,000 ------- ---------- 5. 317.5p 37,500 ------- ---------- 6. 317.5p 37,500 ------- ---------- 7. 317.5p 35,000 ------- ---------- 8. 317.5p 35,000 ------- ---------- 9. 317.5p 20,000 ------- ---------- 10. 317.5p 20,000 ------- ---------- Grant of New Options Price(s) Volume(s) 1. - - ---- ---------- 2. - - ---- ---------- 3. 75p 82,000 ---- ---------- 4. 75p 156,000 ---- ---------- 5. 75p 93,000 ---- ---------- 6. 75p 93,000 ---- ---------- 7. 75p 82,000 ---- ---------- 8. 75p 82,000 ---- ---------- 9. 75p 52,000 ---- ---------- 10. 75p 52,000 ---- ---------- -------------------------- ------------------------------------------ d) Aggregated information Cancellation of 2018 Options - Aggregated volume 760,000 options at 440p each - Price Cancellation of 2019 Options 400,000 options at 317.5p each Grant of New Options 692,000 options at 75p each -------------------------- ------------------------------------------ e) Date of the transaction 19 March 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 rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
March 19, 2020 03:01 ET (07:01 GMT)
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