LoopUp Group PLC Issue of Equity and Director Dealing Notification (1149H)

TIDMLOOP

RNS Number : 1149H

LoopUp Group PLC

12 November 2018

12 November 2018

LOOPUP GROUP PLC

("LoopUp Group" or the "Group")

Issue of Equity and Notification of Director Dealings

LoopUp Group plc (LSE AIM: LOOP), the premium remote meetings company, announces that the Company has issued 30,000 new Ordinary Shares of 0.5 pence each ("Ordinary Shares") as a result of an exercise of share options by Simon Healey, the Chief Financial Officer.

Issue of Equity

Application has been made for the 30,000 new Ordinary Shares to be admitted to trading on AIM. It is expected that dealings in these new Ordinary Shares will commence on 16 November 2018 ("Admission"). The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Following Admission, the Company will have in issue a total of 55,132,043 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.

Director Dealings

Simon Healey, the Chief Financial Officer, exercised options granted in 2012 at an exercise price of 50 pence over a total of 30,000 Ordinary Shares, of which he subsequently sold 10,000 Ordinary Shares at a price of 387 pence. Following this exercise of options and sale of shares, Mr. Healey will hold options over 130,000 Ordinary Shares and will hold 20,000 Ordinary Shares representing 0.04% of the Group's issued share capital following Admission.

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 
 
                                                      [phone] 
   Panmure Gordon (UK) Limited                        2500 
 Dominic Morley / Alina Vaskina (Corporate 
  Finance) 
 Erik Anderson (Corporate Broking) 
 
                                                    [phone] 
 Numis Securities Limited                            1000 
 Simon Willis / Jonny Abbott (Corporate Finance) 
 Tom Ballard (Corporate Broking) 
 
                                                    [phone] 
 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 and National Geographic 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                       Simon Healey 
      --------------------------  -------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status             Chief Financial Officer 
      --------------------------  -------------------------------------------------- 
 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 and Ordinary Shares of 0.5p each 
        type of instrument 
      --------------------------  -------------------------------------------------- 
 b)    Identification code         GB00BYQP6S60 
      --------------------------  -------------------------------------------------- 
 c)    Nature of the transaction    Exercise of Options and Sale of Ordinary 
                                     Shares 
      --------------------------  -------------------------------------------------- 
 d)    Price(s) and volume(s)       Price(s)             Volume(s) 
                                     50p exercise price   30,000 options over 
                                                           Ordinary Shares exercised 
                                                         --------------------------- 
                                     387p sale price      10,000 Ordinary Shares 
                                                           sold 
                                                         --------------------------- 
      --------------------------  -------------------------------------------------- 
 d)    Aggregated information 
        - Aggregated volume          50p exercise price for 30,000 options 
        - Price                      over Ordinary Shares exercises 
 
                                     387p for 10,000 Ordinary Shares sold 
      --------------------------  -------------------------------------------------- 
 e)    Date of the transaction     12 November 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 [e-mail] or visit www.rns.com.

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November 12, 2018 12:58 ET (17:58 GMT)