Corrections to Notice of Annual General Meeting

Loungers PLC

09 September 2024

 

9 September 2024

Loungers plc

("Loungers" or the "Company")

Corrections to Notice of Annual General Meeting 

Following the announcement made on 30 August 2024 in respect of the Annual General Meeting of the Company to be held on 8 October 2024 (the "AGM") and despatch of a circular to shareholders containing the notice of the resolutions to be considered at the AGM (the "Notice"), it has come to the attention of the Company that the Notice contains two typographical errors. The Company wishes to notify of corrections to the Notice.

The first correction relates to a typographical error in resolution 3 of the original Notice that states 'To re-elect Stephen Marshall as a Director of the Company'

The resolution should instead state:

'To elect Stephen Marshall as a Director of the Company'

The second relates to a typographical error in resolution 10 of the original Notice that states that '…As at 27 August 2024  there were options outstanding over 3,349,478 shares, representing 3.22 per cent. of the Company's issued share capital. If the authority given by this resolution was to be fully used, and the Company's issued Ordinary share capital otherwise remained unaltered, pursuant to this resolution, then the number of options outstanding as at 27 August 2024 would represent 3.58 per cent. of the Company's issued share capital.'

The resolution should instead state that:

'…As at 27 August 2024  there were options outstanding over 4,744,908 shares, representing 4.56 per cent. of the Company's issued share capital. If the authority given by this resolution was to be fully used, and the Company's issued Ordinary share capital otherwise remained unaltered, pursuant to this resolution, then the number of options outstanding as at 27 August 2024 would represent 5.07 per cent. of the Company's issued share capital.'

As these are clerical errors, no new documents will be posted to shareholders. The amendments will be proposed at the AGM to be voted on a show of hands before resolution 3 and 10 are put to vote.

For further information please contact:

Loungers plc Nick Collins, Chief Executive Officer Stephen Marshall, Chief Financial Officer	Via Sodali
Houlihan Lokey Advisory Limited (Financial Adviser and NOMAD) Sam Fuller / Tim Richardson	Tel: [phone]
Liberum Capital Limited (Joint Broker) Andrew Godber / John Fishley	Tel: [phone]
Peel Hunt LLP (Joint Broker) Dan Webster / Lalit Bose	Tel:  [phone]
Sodali & Co (Financial Public Relations) Rob Greening / Russ Lynch / Elizabeth Kittle	Tel: [phone]

Notes to Editors

Loungers operates through its three established complementary brands - Lounge, Cosy Club and Brightside - in the UK hospitality sector.  A Lounge is a neighbourhood café/bar combining elements of coffee shop culture, the British pub and dining. There are 232 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 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.  There are 36 Cosy Clubs nationwide. 

Brightside is a roadside dining concept and was launched in November 2022. The first Brightside location opened on the A38, south of Exeter, in February 2023, the second in Saltash near Plymouth in June 2023, with the third site having opened in Honiton on the A303 in August 2023.

 

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