TIDMLGRS

RNS Number : 0667J

Loungers PLC

17 December 2020

17 December 2020

Loungers plc

("Loungers" or the "Company")

PDMR Dealing

On 17 December 2020, the Company was notified by Justin Carter, MD - Lounge and a PDMR, that he had sold 40,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 214 pence per Ordinary Share (the "Sale") to meet tax liabilities arising from the Company's IPO in 2019.

Following the Sale, Justin Carter is interested in 598,572* Ordinary Shares representing 0.58% per cent. of the issued Ordinary Shares.

* included in the resultant holding of Justin Carter is an interest in 89,719 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.

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 
 
 

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                                  Justin Carter 
     -------------------------------  ------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status                       MD - Lounge 
     -------------------------------  ------------------------------- 
 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)             Price(s)      Volume(s) 
 
                                           214 pence     40,000 
                                                       ---------- 
     -------------------------------  ------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume               n/a - single transaction 
 
       - Price 
     -------------------------------  ------------------------------- 
 e)   Date of the transaction          17 December 2020 
     -------------------------------  ------------------------------- 
 f)   Place of the transaction         London Stock Exchange 
     -------------------------------  ------------------------------- 
 
 
 
 
 

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December 17, 2020 11:01 ET (16:01 GMT)