10
April 2024
LOOPUP GROUP
PLC
("LoopUp", the "Company" or the "Group")
Last day of dealings of
Ordinary Shares on AIM
Investor
presentation
LoopUp Group plc (AIM: LOOP), the multinational
cloud telephony provider, today provides an update on the matters
described in the shareholder circular dated 11 March
2024.
Cancellation
of admission to AIM
Cancellation of admission of the Company's
shares to AIM will take place at 7:00am on 11 April 2024
("Cancellation"), and the final day of
dealings in the Company's shares on AIM is 10 April
2024.
Fundraising
and investor presentation
As described in the shareholder circular, the
Company intends to conduct a proposed equity fundraising after it
reregisters as a private company. The Company aims to enable the
existing shareholders to participate in the proposed fundraising.
To this end, the Company will be holding an investor presentation
webinar on Tuesday, 16 April 2024, at 4:00pm BST. The Company's
existing shareholders and certain qualifying investors may register
their interest in attending the presentation at
https://loopup.com/en/investor-presentation
This announcement does not constitute an offer
to invest in the shares of the Company, and the Company reserves
its absolute discretion to permit or restrict attendance at the
presentation.
Dealing
arrangements
In order to assist shareholders to trade in the
ordinary shares, the Company has made arrangements for a matched
bargain facility to be put in place from the day of Cancellation,
provided by JP Jenkins. JP Jenkins is a trading name of InfinitX
Limited, which is an appointed representative of Prosper Capital
LLP (FRN453007).
Under the matched bargain facility,
shareholders or persons wishing to acquire or dispose of shares in
the Company will be able to leave an indication with JP Jenkins,
through their stockbroker (JP Jenkins is unable to deal directly
with members of the public), of the number of shares that they are
prepared to buy or sell at an agreed price. In the event that JP
Jenkins is able to match that order with an opposite sell or buy
instruction, it would contact both parties and then effect the
bargain (trade). Shareholdings remain in CREST and can be traded
during normal business hours via a UK regulated stockbroker.
Details will be made available to shareholders on the Company's
website at https://www.loopup.com/investors.
The provision of the matched bargain facility
will be kept under review by the Board and, in determining whether
to continue to offer a matched bargain facility, the Company shall
consider expected (and communicated) shareholder demand for such a
facility as well as the composition of the Company's register of
members and the costs to the Company and shareholders.
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LoopUp Group plc
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via
FTI
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Steve Flavell, co-CEO
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Panmure Gordon (UK) Limited
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+44
(0) 20 7886 2500
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Dominic Morley / Ivo Macdonald
(Corporate Finance)
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Cavendish Capital Markets Limited
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+44
(0) 20 7397 8900
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Giles Balleny / Dan Hodkinson
(Corporate Finance)
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Dale Bellis (Sales)
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FTI
Consulting, LLP
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+44
(0) 20 3727 1000
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Matt Dixon / Emma Hall / Jamille Smith
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About LoopUp
Group plc
LoopUp (LSE AIM: LOOP) enables
multinational enterprises to consolidate their global telephony
provision into a single, consistently managed cloud implementation
rather than disparate implementations from multiple carriers. The
Group is headquartered in London, with offices in the US, Spain,
Germany, Hong Kong, Barbados and Australia. For further
information, please visit: www.loopup.com.