LoopUp Group PLC Completion of Acquisition of MeetingZone Group (3609Q)

TIDMLOOP

RNS Number : 3609Q

LoopUp Group PLC

05 June 2018

 
 
                                                5 June 2018 
 
                                             LoopUp Group PLC 
 
                                        ("LoopUp" or the "Company") 
 
                              Completion of Acquisition of MeetingZone Group 
 
       LoopUp Group PLC (LSE AIM: LOOP), the premium remote meetings company, is pleased to announce 
         that following the re-admission of its Enlarged Share Capital to trading on AIM on 4 June 
       2018, it has successfully completed the acquisition of MeetingZone Group, a UK-headquartered 
                                      conferencing services provider. 
 
     Terms used in this announcement shall have the meanings given to them in the Company's admission 
                          document dated 16 May 2018 unless otherwise specified. 
                                Steve Flavell, Co-CEO of LoopUp commented: 
 
        "Today marks a major milestone in LoopUp's development. This is a transformational step for 
       the Company - MeetingZone enhances our already strong competitive position, adds significant 
        scale to the business, amplifies the network effect of our offering, and brings a close and 
    long-standing partnership with Cisco. We are excited to welcome MeetingZone into our newly-enlarged 
        group. Together, we have an exciting opportunity to transform the way remote meetings take 
                     place and drive long-term growth and value for our shareholders." 
 
 
                                 For further information, please contact: 
                             LoopUp Group PLC                          via FTI 
                                           Steve Flavell, co-CEO 
 
                                                                      +44 (0) 20 
                            Panmure Gordon (UK) Limited                7886 2500 
                                       Dominic Morley / Alina Vaskina 
                                             (Corporate Finance) 
                                     Erik Anderson (Corporate Broking) 
 
                                                                      +44 (0) 20 
                            Numis Securities Limited                   7260 1000 
                                   Simon Willis / Jonny Abbott (Corporate 
                                                  Finance) 
                                      Tom Ballard (Corporate Broking) 
 
                                                                      +44 (0) 20 
                            FTI Consulting, LLP                        3727 1000 
                                    Matt Dixon / Harry Staight / 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(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, 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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June 05, 2018 07:00 ET (11:00 GMT)