TIDMLOOP
RNS Number : 2245B
LoopUp Group PLC
05 June 2019
5 June 2019
LOOPUP GROUP PLC
("LoopUp Group" or the "Group")
Grant of Options
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 1,078,750 options ("New Options")
over ordinary shares of 0.5 pence each ("Ordinary Shares") to 104
employees, including Executive Directors and PDMRs, pursuant to the
Group's existing share option schemes.
All New Options were granted with an exercise price of 317.5
pence each, being the closing middle market price on 4 June 2019.
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 1,078,750 New Options equates to 1.95% of the
Group's current issued share capital. In total, 5,484,784 options
("Total Options") now remain outstanding, which equates to 9.9% of
the Group's current issued share capital. The Group's current total
number of ordinary shares in issue is 55,245,182.
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 60,000 180,000 0.33% 2,527,294 4.57%
Michael
Hughes co-CEO, Director 60,000 1,060,000 1.92% 2,457,294 4.45%
Simon
Healey CFO, Director 35,000 165,000 0.30% 20,000 0.04%
Marcus
Greensit COO, PDMR 60,000 480,000 0.87% 150,000 0.27%
Robert
Jardine CMO, PDMR 37,500 107,500 0.20% - -
Alex
Breen CPO, PDMR 37,500 217,718 0.39% 451,707 0.82%
Benjamin VP Group Commercial,
Fried PDMR 35,000 95,000 0.17% - -
VP Network
David Operations,
Carroll PDMR 35,000 95,000 0.17% - -
Koorosh VP Engineering,
Nouri PDMR 20,000 60,000 0.11% - -
Edward General Counsel,
Cooper PDMR 20,000 60,000 0.11% - -
The FCA notification, made in accordance with the requirements
of the EU Market Abuse Regulation is appended below.
For further information:
LoopUp Group PLC via FTI Consulting,
LLP
Steve Flavell, co-CEO
+44 (0) 20 7886
Panmure Gordon (UK) Limited 2500
Dominic Morley / Alina Vaskina (Corporate
Finance)
Erik Anderson (Corporate Broking)
Numis Securities Limited
+44 (0) 20 7260
Simon Willis / Jonny Abbott (Corporate Finance) 1000
Tom Ballard (Corporate Broking)
+44 (0) 20 3727
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 to give mainstream
business professionals a better and more productive experience than
basic dial-in conferencing, while delivering 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 Clifford Chance trust
LoopUp with their remote meetings.
The Group is headquartered in London, with offices in San
Francisco, New York, Boston, Chicago, Dallas, Los Angeles, Atlanta,
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. 317.5p 60,000 New Options
-------------------
2. 317.5p 60,000 New Options
-------------------
3. 317.5p 35,000 New Options
-------------------
4. 317.5p 60,000 New Options
-------------------
5. 317.5p 37,500 New Options
-------------------
6. 317.5p 37,500 New Options
-------------------
7. 317.5p 35,000 New Options
-------------------
8. 317.5p 35,000 New Options
-------------------
9. 317.5p 20,000 New Options
-------------------
10. 317.5p 20,000 New Options
-------------------
-------------------------- -------------------------------------------
d) Aggregated information 1,078,750 New Options over ordinary shares
- Aggregated volume 317.5p
- Price
-------------------------- -------------------------------------------
e) Date of the transaction 4 June 2019
-------------------------- -------------------------------------------
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
DSHSSISUIFUSEDM
(END) Dow Jones Newswires
June 05, 2019 05:39 ET (09:39 GMT)
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