TIDMLOOP
RNS Number : 2948O
LoopUp Group PLC
29 May 2020
29 May 2020
LOOPUP GROUP PLC
("LoopUp Group" or the "Group")
Grant of Options and Director and 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 1,195,700 options ("New Options")
over ordinary shares of 0.5 pence each ("Ordinary Shares") to 107
employees, including Executive Directors and PDMRs, pursuant to the
Group's share option scheme.
All New Options were granted with an exercise price of 110.5
pence each, being the closing middle market price on 28 May 2020.
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 1,195,700 New Options equates to 2.16% of the
Group's current issued share capital. In total, 5,583,012 options
now remain outstanding, which equates to 10.08% of the Group's
current issued share capital. The Group's current total number of
Ordinary Shares in issue is 55,367,349.
The Board of the Group considers annual grants of share options
to be an effective and important mechanism to incentivise and
retain key employees of the Group and to align them with
shareholder interests.
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
New of options as % of
Options held post issued Number % of issued
Name Title granted grant share capital of shares share capital
----------- ---------------------- --------- ------------- --------------- ----------- ---------------
Steve
Flavell co-CEO, Director 199,000 199,000 0.36% 2,625,875 4.74%
Michael
Hughes co-CEO, Director 199,000 1,079,000 1.95% 2,616,899 4.73%
Simon
Healey CFO, Director 27,500 179,500 0.32% 64,500 0.12%
Marcus
Greensit COO, PDMR 43,000 499,000 0.90% 156,243 0.28%
Robert
Jardine CMO, PDMR 30,750 123,750 0.22% 22,500 0.04%
Alex
Breen CPO, PDMR 30,750 233,968 0.42% 452,207 0.82%
Benjamin VP Group Commercial,
Fried PDMR 27,500 109,500 0.20% 3,381 0.01%
VP Network
David Operations,
Carroll PDMR 27,500 109,500 0.20% - -
Koorosh VP Engineering,
Nouri PDMR 21,000 73,000 0.13% - -
Edward General Counsel,
Cooper PDMR 21,000 73,000 0.13% 3,514 0.01%
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)
+44 (0) 20 3727
FTI Consulting, LLP 1000
Matt Dixon / Emma Hall / Jamille Smith / Shamma
Kelly
About LoopUp Group plc:
LoopUp (LSE AIM: LOOP) is a premium remote meetings solution.
The solution provides a reliable, secure and incredibly simple
experience that is optimised for external guests on
business-critical meetings, such as professional services firms'
communications with their clients. Over 5,000 organisations
worldwide trust LoopUp's award-wining SaaS solution with their
remote meetings, including more than 20 of both the world's top-100
law firms and top-100 private equity firms, as well as enterprises
such as Travelex, Kia Motors, Planet Hollywood and National
Geographic. The Group is headquartered in London, with offices in
San Francisco, New York, Boston, Chicago, Dallas, Los Angeles,
Denver, Cardiff, Milton Keynes, Madrid, Berlin, Malmo, Hong Kong,
Sydney 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. Robert Jardine, CMO, PDMR
6. Alex Breen, CPO, PDMR
7. Benjamin Fried, VP Group Commercial,
PDMR
8. David Carroll, VP Network Operations,
PDMR
9. Koorosh Nouri, VP Engineering, PDMR
10. 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. 110.5p 199,000
------- ----------
2. 110.5p 199,000
------- ----------
3. 110.5p 27,500
------- ----------
4. 110.5p 43,000
------- ----------
5. 110.5p 30,750
------- ----------
6. 110.5p 30,750
------- ----------
7. 110.5p 27,500
------- ----------
8. 110.5p 27,500
------- ----------
9. 110.5p 21,000
------- ----------
10. 110.5p 21,000
------- ----------
-------------------------- ------------------------------------------
d) Aggregated information 627,000 options at 110.5p each
- Aggregated volume
- Price
-------------------------- ------------------------------------------
e) Date of the transaction 28 May 2020
-------------------------- ------------------------------------------
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.
END
DSHSEFEFAESSEII
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