Loungers PLC Trading update (1428V)
05 Agosto 2020 - 8:00AM
UK Regulatory
TIDMLGRS
RNS Number : 1428V
Loungers PLC
05 August 2020
5 August 2020
Loungers plc
("Loungers" or "the Group")
Trading update
Loungers, the operator of 165 neighbourhood café / bar /
restaurants across England and Wales under the Lounge and Cosy Club
brands, announces the following update.
The Board is pleased to update on current trading having now
re-opened all 165 sites in the estate, with the exception of Cosy
Club in Leicester which opens this Friday. Like for like sales have
been -1.7% over the period from 4 July, when our phased re-opening
commenced, through to 2 August. Whilst these are still early days,
we are encouraged by the initial strength of our trading
performance to date and remain confident the Company will emerge
strongly from this period.
Loungers will next update the market in late September when we
publish our preliminary results for the year ending 19(th) April
2020. The Board hopes to be in a position to recommence providing
fuller guidance to the market at this time.
This announcement is released by Loungers and contains inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 (MAR), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR. This
announcement is being made on behalf of the Company by Nick
Collins, Chief Executive Officer of Loungers.
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: 020 7484 4040
NOMAD)
Sam Fuller / Katherine Hobbs / Tim Richardson
Liberum Capital Limited (Joint Broker) Tel: 020 3100 2000
Clayton Bush / Andrew Godber / John Fishley
Peel Hunt LLP (Joint Broker) Tel: 020 7418 8900
Dan Webster /George Sellar
Instinctif Partners (Financial Public Relations) Tel: 0207 457 2010/2005
Justine Warren / Matthew Smallwood
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END
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