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LoopUp Group PLC - Grant of Options and Director and PDMR Dealings

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:

 

Name

Title

Options

Shares

New Options granted

Total number of options held post grant

Options as % of issued share capital

Number of shares

% of issued 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 Fried

VP Group Commercial, PDMR

27,500

109,500

0.20%

3,381

0.01%

David Carroll

VP Network Operations, PDMR

27,500

109,500

0.20%

-

-

Koorosh

Nouri

VP Engineering, PDMR

21,000

73,000

0.13%

-

-

Edward Cooper

General Counsel, 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

 

 

 

Panmure Gordon (UK) Limited

 

+44 (0) 20 7886 2500

Dominic Morley / Alina Vaskina (Corporate Finance)

 

 

Erik Anderson (Corporate Broking)

 

 

 

 

Numis Securities Limited

+44 (0) 20 7260 1000

 

Simon Willis / Jonny Abbott (Corporate Finance)

 

 

 

 

FTI Consulting, LLP

+44 (0) 20 3727 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.

 

 1

 

Details of the person discharging managerial responsibilities / 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 /Amendment

 

Initial Notification

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 financial instrument, type of instrument

 

Options over Ordinary Shares of 0.5p each

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 

- Aggregated volume

- Price

627,000 options at 110.5p each

 

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 [email protected] or visit www.rns.com.
 
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Quick facts: LoopUp Group PLC

Price: 165.1999

Market: AIM
Market Cap: £91.47 m
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