TIDMLGRS

RNS Number : 7879L

Loungers PLC

04 May 2020

For immediate release

Loungers plc

("Loungers" or the "Company")

Issue of Equity and Total Voting Rights

Loungers announces that it has allotted and issued 650,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") following the vesting of awards made to 480 Company employees pursuant to the Company's Employee Share Plan.

The Company has made an application for the 650,000 Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective at 8.00 a.m. on 7 May 2020.

Following Admission, the Company will have 102,400,000 Ordinary Shares in issue, each with voting rights, which figure may then be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The Company does not hold any Ordinary Shares in Treasury.

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

About Loungers

Loungers operates through its two complementary brands - Lounge and Cosy Club - in the UK hospitality sector. A Lounge is a neighbourhood café/bar combining elements of coffee shop culture, the British pub and dining. As at 20 March 2020, there were 138 Lounges nationwide. Lounges are principally located in secondary suburban high streets and small town centres. The sites are characterised by informal, unique interiors with an emphasis on a warm, comfortable atmosphere, often described as a "home from home".

Cosy Clubs are more formal bars/restaurants offering reservations and table service but share many similarities with the Lounges in terms of their broad, all-day offering and their focus on hospitality and their culture. Cosy Clubs are typically located in city centres and large market towns. Interiors tend to be larger and more theatrical than for a Lounge, and heritage buildings or first-floor spaces are often employed to create a sense of occasion. As at 20 March 2020, there were 29 Cosy Clubs nationwide.

www.loungers.co.uk

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May 04, 2020 02:55 ET (06:55 GMT)

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