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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 : 2948O
LoopUp Group PLC
29 May 2020
29 May 2020
LOOPUP GROUP PLC
("LoopUp Group" or the "Group")
Grant of Options and Director and PDMR Dealings
LoopUp Group plc (LSE AIM: LOOP), the premium remote meetings company, announces that the Group's Remuneration Committee and the Board have approved the grant of 1,195,700 options ("New Options") over ordinary shares of 0.5 pence each ("Ordinary Shares") to 107 employees, including Executive Directors and PDMRs, pursuant to the Group's share option scheme.
All New Options were granted with an exercise price of 110.5 pence each, being the closing middle market price on 28 May 2020. The New Options will vest over four years, one quarter at the end of year one and then three quarters on a monthly basis over years two to four.
The grant of 1,195,700 New Options equates to 2.16% of the Group's current issued share capital. In total, 5,583,012 options now remain outstanding, which equates to 10.08% of the Group's current issued share capital. The Group's current total number of Ordinary Shares in issue is 55,367,349.
The Board of the Group considers annual grants of share options to be an effective and important mechanism to incentivise and retain key employees of the Group and to align them with shareholder interests.
New Options granted to Director / PDMRs
The following PDMRs of the Group were granted share options, which are included in the totals above:
Options Shares ----------- ---------------------- ----------------------------------------- ---------------------------- Total number Options New of options as % of Options held post issued Number % of issued Name Title granted grant share capital of shares share capital ----------- ---------------------- --------- ------------- --------------- ----------- --------------- Steve Flavell co-CEO, Director 199,000 199,000 0.36% 2,625,875 4.74% Michael Hughes co-CEO, Director 199,000 1,079,000 1.95% 2,616,899 4.73% Simon Healey CFO, Director 27,500 179,500 0.32% 64,500 0.12% Marcus Greensit COO, PDMR 43,000 499,000 0.90% 156,243 0.28% Robert Jardine CMO, PDMR 30,750 123,750 0.22% 22,500 0.04% Alex Breen CPO, PDMR 30,750 233,968 0.42% 452,207 0.82% Benjamin VP Group Commercial, Fried PDMR 27,500 109,500 0.20% 3,381 0.01% VP Network David Operations, Carroll PDMR 27,500 109,500 0.20% - - Koorosh VP Engineering, Nouri PDMR 21,000 73,000 0.13% - - Edward General Counsel, Cooper PDMR 21,000 73,000 0.13% 3,514 0.01%
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) 20 7886 Panmure Gordon (UK) Limited 2500 Dominic Morley / Alina Vaskina (Corporate Finance) Erik Anderson (Corporate Broking) +44 (0) 20 7260 Numis Securities Limited 1000 Simon Willis / Jonny Abbott (Corporate Finance) +44 (0) 20 3727 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. The solution provides a reliable, secure and incredibly simple experience that is optimised for external guests on business-critical meetings, such as professional services firms' communications with their clients. Over 5,000 organisations worldwide trust LoopUp's award-wining SaaS solution with their remote meetings, including more than 20 of both the world's top-100 law firms and top-100 private equity firms, as well as 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, 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 Grant of New Options -------------------------- ------------------------------------------ d) Price(s) and volume(s) Price(s) Volume(s) 1. 110.5p 199,000 ------- ---------- 2. 110.5p 199,000 ------- ---------- 3. 110.5p 27,500 ------- ---------- 4. 110.5p 43,000 ------- ---------- 5. 110.5p 30,750 ------- ---------- 6. 110.5p 30,750 ------- ---------- 7. 110.5p 27,500 ------- ---------- 8. 110.5p 27,500 ------- ---------- 9. 110.5p 21,000 ------- ---------- 10. 110.5p 21,000 ------- ---------- -------------------------- ------------------------------------------ d) Aggregated information 627,000 options at 110.5p each - Aggregated volume - Price -------------------------- ------------------------------------------ e) Date of the transaction 28 May 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.
END
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(END) Dow Jones Newswires
May 29, 2020 02:00 ET (06:00 GMT)
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