Admission to AIM and First Day of Dealings

RNS Number : 3107X

Loungers PLC

29 April 2019

 

NOT FOR RELEASE, DISTRIBUTION, PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

29 April 2019

Loungers plc

("Loungers" or the "Company")

Admission to trading on AIM and First Day of Dealings

Loungers, the operator of 146 café / bar / restaurants across England and Wales under the Lounge and Cosy Club brands, is pleased to announce the admission of its Ordinary Shares to trading on the AIM Market of the London Stock Exchange.

Dealings will commence at 8.00 a.m. today, Monday 29 April 2019, under the ticker "LGRS".

The Company's Admission Document can be found on its website: www.loungers.co.uk

Enquiries:

Loungers plc Alex Reilley, Executive Chairman Nick Collins, Chief Executive Officer Gregor Grant, Chief Financial Officer	Via Instinctif Partners
GCA Altium Limited (Financial Adviser and NOMAD) Sam Fuller / Katherine Hobbs / Tim Richardson	Tel: [phone]
Liberum Capital Limited (Joint Bookrunner and Joint Broker) Clayton Bush / Andrew Godber / John Fishley	Tel: [phone]
Peel Hunt LLP (Joint Bookrunner and Joint Broker) Dan Webster / Al Rae / George Sellar	Tel:  [phone]
Instinctif Partners (Financial Public Relations) Justine Warren / Matthew Smallwood	Tel: [phone]

Notes to Editors:

Loungers is an operator of 146 café/bar/restaurants across England and Wales under two distinct but complementary brands, Lounge and Cosy Club. It is the only growing all-day operator of scale in the UK, with a strong reputation for value for money. The Company's sites offer something for everyone regardless of age, demographic or gender and it operates successfully in a diverse range of different sites and locations across England and Wales.

The first Lounge was founded in Bristol in 2002 by three friends who wanted to create a neighbourhood café-bar that they would want to go to.  That focus on hospitality, comfort and familiarity remains at the core of the Group, driven by an independent culture and focus on the local community.

Important information:

Neither this announcement nor any copy of it may be taken or transmitted, published or distributed, directly or indirectly, in whole or in part, in, into or from the United States of America, Australia, Canada, Japan, the Republic of Ireland or the Republic of South Africa or transmitted, distributed to, or sent by, any national or resident or citizen of any such countries or any other jurisdiction where to do so would constitute a violation of the relevant securities laws of such jurisdiction (each a "Restricted Jurisdiction"). Any failure to comply with this restriction may constitute a violation of the securities laws or regulations of such jurisdictions.

This announcement does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any shares or other securities in any Restricted Jurisdiction. The distribution of this announcement and other information in connection with the Placing and Admission in certain jurisdictions may be restricted by law and persons into whose possession this announcement, any document or other information referred to herein comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Neither this announcement nor any part of it nor the fact of its distribution shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

The Ordinary Shares referred to in this announcement have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or under the securities laws of any state or other jurisdiction of the United States of America, and may not be offered, sold or transferred within the United States of America except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act. The Ordinary Shares have not been and will not be approved or disapproved by the US Securities and Exchange Commission, any state securities commission or other regulatory authority in the United States, nor have any of the foregoing authorities passed upon or endorsed the merits of the Placing or the accuracy or adequacy of this announcement. Any representation to the contrary is a criminal offence in the United States.

Liberum Capital, Peel Hunt and GCA Altium are authorised and regulated by the Financial Conduct Authority (the "FCA") in the United Kingdom and are acting exclusively for the Company and no-one else in connection with Admission. They will not regard any other person as their respective clients in relation to Admission and will not be responsible to anyone other than the Company for providing the regulatory protections afforded to their respective clients, nor for providing advice in relation to the contents of this announcement or any transaction, arrangement or other matter referred to herein.

 

END

 

 

STRLLFFRSAIRFIA