TIDMLGRS

RNS Number : 2801I

Loungers PLC

10 December 2020

10 December 2020

Loungers plc

("Loungers" or the "Company")

Directors / PDMRs Dealings

On 10 December 2020, the Company was notified by certain Directors and PDMRs in the Company that they had sold ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 215 pence per Ordinary Share, as set out below:

 
                                                             Resultant Holding 
 Shareholder      Position                   Ordinary   Ordinary      % of Issued 
                                          Shares sold     Shares     Ordinary Shares 
 Director 
 Alex Reilley     Executive Chairman          250,000   6,951,432        6.79% 
 Nick Collins*    Chief Executive             350,000   1,086,276        1.06% 
 
 PDMR 
 Jake Bishop      Commercial Director         650,000   6,507,432        6.35% 
 
 * included in the resultant holding of Nick Collins is an interest 
  in 179,439 Ordinary Shares which are held in the Company's EBT 
  and over which he has a restricted beneficial interest pursuant 
  to a joint share ownership plan. 
 
 

The primary purpose of these Ordinary Share sales is to meet tax liabilities arising from the Company's IPO in 2019.

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

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             1. Alex Reilley 
                                        2. Nick Collins 
                                        3. Jake Bishop 
     --------------------------  ----------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status                  1. Chairman 
                                        2. Chief Executive 
                                        3. Commercial Director 
     --------------------------  ----------------------------------------------- 
 b)   Initial notification        Initial notifications 
       /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   Sale of Ordinary Shares 
     --------------------------  ----------------------------------------------- 
 c)   Price(s) and volume(s)        Name            Volume(s) 
 
                                     Alex Reilley      250,000 
                                     Nick Collins      350,000 
                                     Jake Bishop       650,000 
 
 
                                    All transactions were undertaken at a 
                                    price of 215 pence per Ordinary Share 
     --------------------------  ----------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          n/a - single transaction for each individual 
 
       - Price 
     --------------------------  ----------------------------------------------- 
 e)   Date of the transaction     10 December 2020 
     --------------------------  ----------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange 
     --------------------------  ----------------------------------------------- 
 

Enquiries:

 
 Loungers plc                                 Via Instinctif Partners 
  Nick Collins, Chief Executive 
  Officer 
  Gregor Grant, Chief Financial 
  Officer 
 GCA Altium (Financial Adviser              Tel: +44 (0) 20 7484 4040 
  and NOMAD) 
  Sam Fuller / Tim Richardson 
 Liberum Capital (Joint Broker)             Tel: +44 (0) 20 3100 2000 
  Andrew Godber / John Fishley 
 Peel Hunt (Joint Broker)                             Tel: +44 (0) 20 
  Dan Webster / Andrew Clark                                7418 8900 
 Instinctif Partners (Financial Public Relations)     Tel: +44 (0) 20 
  Justine Warren / Matthew Smallwood                        7457 2020 
 
 

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December 10, 2020 10:21 ET (15:21 GMT)