LoopUp Group PLC Director/PDMR Shareholding (3235A)
March 23 2017 - 6:04AM
UK Regulatory
TIDMLOOP
RNS Number : 3235A
LoopUp Group PLC
23 March 2017
LOOPUP GROUP PLC
("LoopUp Group" or the "Group")
Notification of transaction by PDMR and persons closely
associated with them
LoopUp Group plc (LSE AIM: LOOP), the premium remote meetings
company, received notification that Adara Ventures SICAR has sold
1,075,000 ordinary shares in the Group ("Ordinary Share") at a
price of 148 pence per Ordinary Share earlier today in order to
satisfy institutional demand.
Adara Ventures SICAR is classified as a Person Closely
Associated with Nico Goulet, a Non-Executive Director of the Group
and director of Adara Venture Partners, which is a General Partner
of Adara Ventures SICAR.
Following the sale, Adara Ventures SICAR has a beneficial
interest of 6,964,548 Ordinary Shares representing 17.0% of the
Group's issued share capital.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ---------------------------------------------------------------
a) Names Adara Ventures SICAR
---- ------------------------- ------------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------
a) Position/status Person Closely Associated
Nico Goulet, a Non-Executive
Director of the Group and director
of Adara Venture Partners, which
is a General Partner of Adara
Ventures SICAR.
---- ------------------------- ------------------------------------
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 N/A
---- ------------------------- ------------------------------------
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 Ordinary Shares of 0.5p each
the financial
instrument, type
of instrument
---- ------------------------- ------------------------------------
b) Identification GB00BYQP6S60
code
---- ------------------------- ------------------------------------
c) Nature of the Sale of shares
transaction
---- ------------------------- ------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
148p 1,075,000
--------- ----------
---- ------------------------- ------------------------------------
d) Aggregated information 1,075,000
- Aggregated
volume 148p
- Price
------------------------------ ------------------------------------
e) Date of the transaction 23 March 2017
---- ------------------------- ------------------------------------
f) Place of the London Stock Exchange
transaction
---- ------------------------- ------------------------------------
For further information:
LoopUp Group PLC via FTI Consulting,
LLP
Steve Flavell, Co-CEO
+44 (0) 207
Panmure Gordon (UK) Limited 886 2500
Dominic Morley / Alina Vaskina /
William Wickham (Corporate Finance)
Erik Anderson / Amy Sarra (Corporate
Broking)
+44 (0) 203
FTI Consulting, LLP 727 1000
Matt Dixon / Chris Lane / Roger
Newby
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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