TIDMLGRS

RNS Number : 9630K

Loungers PLC

27 April 2020

27 April 2020

Loungers plc

(" Loungers" or the "Company")

Director Dealing

On 23 April 2020, the interest of Robert Darwent, a Non-Executive Director of the Company, in the issued ordinary shares of the Company ("Ordinary Shares") altered as a result of the acquisition (the "Acquisition") of 3,000,114 Ordinary Shares by funds advised by Lion Capital LLP ("Lion") pursuant to the placing of 9,250,000 new Ordinary Shares carried out by the Company on that date. Robert Darwent is a partner in Lion and is deemed to be interested in the Ordinary Shares held by funds advised by Lion.

Following the Acquisition, funds advised by Lion are interested in 29,728,638 Ordinary Shares representing 29.22 per cent. of the issued Ordinary Shares.

The Company publicly discloses the following notification pursuant to the EU Market Abuse Regulations:

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Robert Darwent 
     --------------------------  ----------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status             Non-Executive Director and PDMR 
     --------------------------  ----------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------- 
 a)   Name                        Loungers plc 
     --------------------------  ----------------------------------------------- 
 b)   LEI                         213800FA4HQ339CRNN34 
     --------------------------  ----------------------------------------------- 
 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          Ordinary Shares 
       financial instrument, 
       type of instrument 
                                   GB00BH4JR002 
       Identification code 
     --------------------------  ----------------------------------------------- 
 b)   Nature of the transaction   Acquisition of Ordinary Shares 
     --------------------------  ----------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP0.90     3,000,114 
                                                ---------- 
     --------------------------  ----------------------------------------------- 
 d)   Aggregated information        Aggregated Price(s)    Aggregated Volume(s) 
                                     GBP2,700,102.60        3,000,114 
       - Aggregated volume                                 --------------------- 
 
       - Price 
     --------------------------  ----------------------------------------------- 
 e)   Date of the transaction     27 April2020 
     --------------------------  ----------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange 
     --------------------------  ----------------------------------------------- 
 

For further information please contact:

 
 Loungers plc                                  Via Instinctif Partners 
  Nick Collins, Chief Executive Officer 
  Gregor Grant, Chief Financial Officer 
 GCA Altium Limited (Financial Adviser and        Tel: +44 (0) 20 7484 
  NOMAD)                                                          4040 
  Sam Fuller / Tim Richardson 
 Liberum Capital Limited (Joint Broker)           Tel: +44 (0) 20 3100 
  Andrew Godber / John Fishley                                    2000 
 Peel Hunt LLP (Joint Broker)                      Tel: +44 (0)20 7418 
  Dan Webster / George Sellar                                     8900 
 Instinctif Partners (Financial Public       Tel: +44 (0) 20 7457 2010 
  Relations)                                                    / 2005 
  Justine Warren / Matthew Smallwood 
 
 

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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April 27, 2020 05:56 ET (09:56 GMT)

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