TIDMLGRS

RNS Number : 9622K

Loungers PLC

27 April 2020

27 April 2020

Loungers plc

("Loungers" or the "Company")

Directors / PDMRs Dealings

As announced on 23 April 2020, certain Directors and other PDMRs in the Company each subscribed for ordinary shares of 1 pence each ("Ordinary Shares") as part of the placing of 9,250,000 new Ordinary Shares (the "Placing Shares") undertaken by the Company on that date, all at a price of 90 pence per Placing Share, as set out below:

 
                                                          Resultant Holding 
 Shareholder       Position               Number of   Number of    % of Enlarged 
                                           Placing     Ordinary     Issued Share 
                                            Shares      Shares        Capital 
 Director 
 Alex Reilley      Executive Chairman       654,675    7,201,432       7.08 
 Nick Collins      CEO                      130,570   1,436,276*       1.41 
 Gregor Grant      CFO                       33,333      180,148       0.18 
 Nick Backhouse    Non-Executive              1,403       13,903       0.01 
 Adam Bellamy      Non-Executive              1,403       13,903       0.01 
 Jill Little       Non-Executive              1,403       13,903       0.01 
 
 PDMR 
 Jake Bishop       Commercial Director      650,675    7,157,432       7.03 
 Justin Carter     MD - Lounge               49,896     638,572*       0.63 
 Amber Wood        MD - Cosy Club            11,111       29,464       0.03 
 
 * included in the resultant holdings of Nick Collins and Justin 
  Carter are interests in 179,439 Ordinary Shares and 89,719 Ordinary 
  Shares respectively, which are held in the Company's EBT and 
  over which each has a restricted beneficial interest pursuant 
  to a joint share ownership plan. 
 
 

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. Gregor Grant 
                                        4. Nick Backhouse 
                                        5. Adam Bellamy 
                                        6. Jill Little 
                                        7. Jake Bishop 
                                        8. Justin Carter 
                                        9. Amber Wood 
     --------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status                  1. Chairman 
                                        2. Chief Executive 
                                        3. Chief Financial Officer 
                                        4. Non-Executive Director 
                                        5. Non-Executive Director 
                                        6. Non-Executive Director 
                                        7. Commercial Director 
                                        8. MD - Lounge 
                                        9. MD - Cosy Club 
     --------------------------  --------------------------------------------- 
 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   Purchase of Ordinary Shares 
     --------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)        Name              Volume(s) 
 
                                     Alex Reilley        654,675 
                                                      ---------- 
                                     Nick Collins        130,570 
                                                      ---------- 
                                     Gregor Grant         33,333 
                                                      ---------- 
                                     Nick Backhouse        1,403 
                                                      ---------- 
                                     Adam Bellamy          1,403 
                                                      ---------- 
                                     Jill Little           1,403 
                                                      ---------- 
                                     Jake Bishop         650,675 
                                                      ---------- 
                                     Justin Carter        49,896 
                                                      ---------- 
                                     Amber Wood           11,111 
                                                      ---------- 
 
 
                                    All transactions were undertaken at a 
                                    price of 90 pence per share 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information 
                                    n/a single transaction for each individual 
       - Aggregated volume 
 
       - Price 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     27 April 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 /George Sellar                                7418 8900 
 
 Instinctif Partners (Financial Public Relations)     Tel: +44 (0) 20 
  Justine Warren / Matthew Smallwood                        7457 2020 
 
 

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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