Director Dealing

RNS Number : 9630K

Loungers PLC

27 April 2020

 

27 April 2020

Loungers plc

(" Loungers" or the "Company")

Director Dealing

On 23 April 2020, the interest of Robert Darwent, a Non-Executive Director of the Company, in the issued ordinary shares of the Company ("Ordinary Shares") altered as a result of the acquisition (the "Acquisition") of 3,000,114 Ordinary Shares by funds advised by Lion Capital LLP ("Lion") pursuant to the placing of 9,250,000 new Ordinary Shares carried out by the Company on that date. Robert Darwent is a partner in Lion and is deemed to be interested in the Ordinary Shares held by funds advised by Lion.

Following the Acquisition, funds advised by Lion are interested in 29,728,638 Ordinary Shares representing 29.22 per cent. of the issued Ordinary Shares.

The Company publicly discloses the following notification pursuant to the EU Market Abuse Regulations:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Robert Darwent
2	Reason for the notification
a)	Position/status	Non-Executive Director and PDMR
b)	Initial notification /Amendment	Initial notification
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	Acquisition of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.90 3,000,114
d)	Aggregated information - Aggregated volume - Price	Aggregated Price(s) Aggregated Volume(s) £2,700,102.60 3,000,114
e)	Date of the transaction	27 April2020
f)	Place of the transaction	London Stock Exchange

For further information please contact:

Loungers plc Nick Collins, Chief Executive Officer Gregor Grant, Chief Financial Officer		Via Instinctif Partners
GCA Altium 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 / George Sellar		Tel:  [phone]
Instinctif Partners (Financial Public Relations) Justine Warren / Matthew Smallwood	Tel: [phone] / 2005

 

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