LoopUp Group PLC Result of General Meeting (0322Q)
June 01 2018 - 5:30AM
UK Regulatory
TIDMLOOP
RNS Number : 0322Q
LoopUp Group PLC
01 June 2018
NEITHER THIS ANNOUNCEMENT (INCLUDING THE APPIX) NOR THE INFORMATION CONTAINED IN IT IS
FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN
OR INTO ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. THIS ANNOUNCEMENT AND THE
INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA,
JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE OF THIS ANNOUNCEMENT.
1 June 2018
LoopUp Group PLC
("LoopUp" or the "Company")
Result of General Meeting
LoopUp Group plc (LSE AIM: LOOP), the premium remote meetings company, is pleased to announce
that at the General Meeting (the "Meeting") held earlier today in relation to the Company's
proposed acquisition and placing, all resolutions put to the Meeting were passed.
Application has been made to the London Stock Exchange for the Enlarged Share Capital to be
admitted to trading on AIM. It is expected that admission of the Enlarged Share Capital to
trading on AIM will take place on or around 4 June 2018.
You should read and understand the information provided in the "Important Notices" section
of this Announcement.
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.
IMPORTANT NOTICE
This Announcement is not for publication or distribution,
directly or indirectly, in or into the United States of America.
This Announcement is not an offer of securities for sale into the
United States. The securities referred to herein have not been and
will not be registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States,
except pursuant to an applicable exemption from registration. No
public offering of securities is being made in the United
States.
Certain information contained in this Announcement, including
any information as to the Company's or MeetingZone's strategy,
plans or future financial or operating performance constitutes
"forward-looking statements". These forward-looking statements can
be identified by the use of terminology such as, "believe",
"continue", "expect", "intends", "may", "plan", "project", "shall",
"should", "targets", "would", "will" or, in each case, their
negative or other variations or comparable terminology.
Forward-looking statements appear in a number of places throughout
this Announcement and include, but are not limited to, express or
implied statements relating to the Company's business strategy and
outlook; Meeting Zone's future results of operations; the Company's
and MeetingZone's future financial and market positions;
expectations as to future growth; general economic trends and other
trends in the industry in which the Company and MeetingZone; the
impact of regulations on the Company and its operations; and the
competitive environment in which the Company and MeetingZone.
By their nature, forward-looking statements are based upon a
number of estimates and assumptions that, whilst considered
reasonable by the directors of the Company and the Company, are
inherently subject to significant business, economic and
competitive uncertainties and contingencies. Known and unknown
factors could cause actual results to differ materially from those
indicated, expressed or implied in such forwardlooking statements.
Forward-looking statements are not guarantees of future
performance. Any forward-looking statements in this Announcement
reflect the directors of the Company's and the Company's current
view with respect to future events and are subject to certain risks
relating to future events and other risks, uncertainties and
assumptions. The forward-looking statements contained in this
Announcement speak only as at the date of this Announcement. The
directors of the Company and the Company disclaim any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained in this Announcement to
reflect any change in their expectations or any change in events,
conditions or circumstances on which such statements are based
unless required to do so by applicable law, the Listing Rules, the
UK Disclosure Guidance and Transparency Rules of the Financial
Conduct Authority and the Market Abuse Regulation. You are
cautioned against placing undue reliance on any forward-looking
statement in this Announcement.
Any forward-looking statement contained in this Announcement
based on past or current trends and/or activities of the Group
should not be taken as a representation that such trends or
activities will continue in the future. No statement in this
Announcement is intended to be a profit forecast or to imply that
the earnings of the Group for the current year or future years will
necessarily match or exceed the historical or published earnings of
the Group.
Information To Distributors
Solely for the purposes of the product governance requirements
contained within: (a) EU Directive 2014/65/EU on markets in
financial instruments, as amended ("MiFID II"); (b) Articles 9 and
10 of Commission Delegated Directive (EU) 2017/593 supplementing
MiFID II; and (c) local implementing measures (together, the "MiFID
II Product Governance Requirements"), and disclaiming all and any
liability, whether arising in tort, contract or otherwise, which
any "manufacturer" (for the purposes of the MiFID II Product
Governance Requirements) may otherwise have with respect thereto,
the Placing Shares have been subject to a product approval process,
which has determined that such Placing Shares are: (i) compatible
with an end target market of retail investors and investors who
meet the criteria of professional clients and eligible
counterparties, each as defined in MiFID II; and (ii) eligible for
distribution through all distribution channels as are permitted by
MiFID II (the "Target Market Assessment"). Notwithstanding the
Target Market Assessment, distributors should note that: the price
of the Placing Shares may decline and investors could lose all or
part of their investment; the Placing Shares offer no guaranteed
income and no capital protection; and an investment in the Placing
Shares is compatible only with investors who do not need a
guaranteed income or capital protection, who (either alone or in
conjunction with an appropriate financial or other adviser) are
capable of evaluating the merits and risks of such an investment
and who have sufficient resources to be able to bear any losses
that may result therefrom. The Target Market Assessment is without
prejudice to the requirements of any contractual, legal or
regulatory selling restrictions in relation to the Placing.
Furthermore, it is noted that, notwithstanding the Target Market
Assessment, The Joint Bookrunners will only procure investors who
meet the criteria of professional clients and eligible
counterparties. For the avoidance of doubt, the Target Market
Assessment does not constitute: (a) an assessment of suitability or
appropriateness for the purposes of MiFID II; or (b) a
recommendation to any investor or group of investors to invest in,
or purchase, or take any other action whatsoever with respect to
the Placing Shares. Each distributor is responsible for undertaking
its own target market assessment in respect of the Placing Shares
and determining appropriate distribution channels.
NOTWITHSTANDING ANYTHING IN THE FOREGOING, NO PUBLIC OFFERING OF
THE PLACING SHARES IS BEING MADE BY ANY PERSON ANYWHERE AND THE
COMPANY HAS NOT AUTHORISED OR CONSENTED TO ANY SUCH OFFERING IN
RELATION TO THE PLACING SHARES.
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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June 01, 2018 06:30 ET (10:30 GMT)
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