Director Dealing

RNS Number : 6146Y

Loungers PLC

02 January 2020

 

2 January 2020

Loungers plc

("Loungers" or the "Company")

Director Dealing

On 27 December 2019, 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 disposal on that date (the "Disposal") of 9,000,000 Ordinary Shares by funds advised by Lion Capital LLP ("Lion"). Robert Darwent is a partner in Lion and is deemed to be interested in the Ordinary Shares held by funds advised by Lion.

Further information on the Disposal can be found in the following announcement:

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/LGRS/14363902.html

Following the Disposal, funds advised by Lion remain interested in 26,728,524 Ordinary Shares representing 28.89 per cent. of the Ordinary Shares.

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

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	Disposal of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.10 9,000,000
d)	Aggregated information - Aggregated volume - Price	Aggregated Price(s) Aggregated Volume(s) £18,900,000 9,000,000
e)	Date of the transaction	27 December 2019
f)	Place of the transaction	London Stock Exchange

 

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