Director/PDMR Shareholding

RNS Number : 0667J

Loungers PLC

17 December 2020

 

17 December 2020

Loungers plc

("Loungers" or the "Company")

PDMR Dealing

On 17 December 2020, the Company was notified by Justin Carter, MD - Lounge and a PDMR, that he had sold 40,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 214 pence per Ordinary Share (the "Sale") to meet tax liabilities arising from the Company's IPO in 2019.

Following the Sale, Justin Carter is interested in 598,572* Ordinary Shares representing 0.58% per cent. of the issued Ordinary Shares.

* included in the resultant holding of Justin Carter is an interest in 89,719 Ordinary Shares which are held in the Company's EBT and over which he has a restricted beneficial interest pursuant to a joint share ownership plan.

Enquiries:

Loungers plc Nick Collins, Chief Executive Officer Gregor Grant, Chief Financial Officer	Via Instinctif Partners
GCA Altium (Financial Adviser and NOMAD) Sam Fuller / Tim Richardson	Tel: [phone]
Liberum Capital (Joint Broker) Andrew Godber / John Fishley	Tel: [phone]
Peel Hunt (Joint Broker) Dan Webster / Andrew Clark		Tel: [phone]
Instinctif Partners (Financial Public Relations) Justine Warren / Matthew Smallwood		Tel: [phone]

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	Justin Carter
2	Reason for the notification
a)	Position/status	MD - Lounge
b)	Initial notification /Amendment	Initial notifications
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 financial instrument, type of instrument Identification code	Ordinary Shares GB00BH4JR002
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 214 pence 40,000
d)	Aggregated information - Aggregated volume - Price	n/a - single transaction
e)	Date of the transaction	17 December 2020
f)	Place of the transaction	London Stock Exchange

 

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