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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 : 3577Y
LoopUp Group PLC
21 August 2018
21 August 2018
LOOPUP GROUP PLC
("LoopUp Group" or the "Group")
Grant of Share Options and Notification of Director / 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 options of up to 2,285,000 ("New Options") over ordinary shares of 0.5 pence each ("Ordinary Shares") to 112 employees, including Executive Directors and PDMRs, pursuant to the Group's existing share option schemes.
All New Options were granted with an exercise price of 440.0 pence each, being the closing middle market price on 20 August 2018. 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 2,285,000 New Options equates to 4.16% of the Group's current issued share capital. In total, 4,969,534 options are now under grant but not exercised ("Total Options"), which equates to 9.06% of the Group's current issued share capital. The weighted average exercise price of Total Options is approximately 2.39 pence. The Group currently has a total number of ordinary shares in issue is 54,880,154.
The Board of the Group considers share options an effective and important mechanism to incentivise and retain key employees of the enlarged Group and to align them with shareholder interests. This is the first set of share options granted to employees since the Group's IPO in August 2016 and the first set granted to Executive Directors and PDMRs since 2014.
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 of options as % of % of issued New Options held post issued Number share Name Title granted grant share capital of shares capital ----------- ------------------ ------------ ------------ --------------- ----------- ------------ Steve co-CEO, Flavell Director 120,000 120,000 0.22% 2,527,294 4.61% Michael co-CEO, Hughes Director 120,000 1,000,000 1.82% 2,457,294 4.48% Simon Healey CFO, Director 60,000 160,000 0.29% - - Marcus Greensit COO, PDMR 120,000 420,000 0.77% 150,000 0.27% Alex Breen CPO, PDMR 70,000 180,218 0.33% 451,707 0.82% Benjamin Group Commercial Fried VP, PDMR 60,000 60,000 0.11% - - General Edward Counsel, Cooper PDMR 40,000 40,000 0.07% - - ----------- ------------------ ------------ ------------ --------------- ----------- ------------
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) Tom Ballard (Corporate Broking) +44 (0) 20 3727 FTI Consulting, LLP 1000 Matt Dixon / Harry Staight
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.
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. Alex Breen, CPO, PDMR 6. Benjamin Fried, Group Commercial VP, PDMR 7. 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. 440.0p 1. 120,000 New Options ----------------------- 2. 440.0p 2. 120,000 New Options ----------------------- 3. 440.0p 3. 60,000 New Options ----------------------- 4. 440.0p 4. 120,000 New Options ----------------------- 5. 440.0p 5. 70,000 New Options ----------------------- 6. 440.0p 6. 60,000 New Options ----------------------- 7. 440.0p 7. 40,000 New Options ----------------------- -------------------------- --------------------------------------------- d) Aggregated information - Aggregated volume 2,285,000 New Options over ordinary shares - Price 440.0p -------------------------- --------------------------------------------- e) Date of the transaction 20 August 2018 -------------------------- --------------------------------------------- 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
August 21, 2018 02:00 ET (06:00 GMT)
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