Director/PDMR Shareholding

Loungers PLC

04 May 2023

 

4 May 2023

Loungers plc

("Loungers" or the "Company")

Notification of transactions by directors, persons discharging managerial responsibilities ("PDMRs") and connected persons

Loungers, a leading operator of all-day café/bar/restaurants across the UK under the Lounge, Cosy Club and Brightside brands, announces that on 2 May 2023 awards were granted over ordinary shares of 1 penny each in the Company ("Shares") under the Loungers plc Senior Management Restricted Share Plan to the below directors and PDMRs. The awards were granted in the form of nil-cost share options in respect of one-off retention awards ("Retention Awards") as set out in the FY22 Annual Report and Accounts (on page 32).

Name	Position	Number of Shares granted under Retention Award
Alex Reilley	Founder Chairman	107,569
Nick Collins	Chief Executive Officer	131,143
Gregor Grant	Chief Financial Officer	131,265
Justin Carter	Lounge MD	107,569
Amber Wood	Cosy Club MD	95,246

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alex Reilley
2	Reason for the notification
a)	Position/status	Founder Chairman
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 of £0.01 each ISIN: GB00BH4JR002
b)	Nature of the transaction	Grant of Retention Award under the Loungers plc Senior Management Restricted Share Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 107,569
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2 May 2023
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nick Collins
2	Reason for the notification
a)	Position/status	Chief Executive Officer
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 of £0.01 each ISIN: GB00BH4JR002
b)	Nature of the transaction	Grant of Retention Award under the Loungers plc Senior Management Restricted Share Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil                 131,143
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2 May 2023
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gregor Grant
2	Reason for the notification
a)	Position/status	Chief Financial Officer
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 of £0.01 each ISIN: GB00BH4JR002
b)	Nature of the transaction	Grant of Retention Award under the Loungers plc Senior Management Restricted Share Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 131,265
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2 May 2023
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Justin Carter
2	Reason for the notification
a)	Position/status	Lounge MD
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 of £0.01 each ISIN: GB00BH4JR002
b)	Nature of the transaction	Grant of Retention Award under the Loungers plc Senior Management Restricted Share Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 107,569
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2 May 2023
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Amber Wood
2	Reason for the notification
a)	Position/status	Cosy Club MD
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 of £0.01 each ISIN: GB00BH4JR002
b)	Nature of the transaction	Grant of Retention Award under the Loungers plc Senior Management Restricted Share Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 95,246
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	2 May 2023
f)	Place of the transaction	Outside of a trading venue

For further information please contact:
Loungers plc                                                      Nick Collins, Chief Executive Officer Gregor Grant, Chief Financial Officer	Via Powerscourt
Houlihan Lokey UK 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 / Andrew Clark	Tel: [phone]
Powerscourt (Financial Public Relations) Rob Greening / Nick Hayns / Elizabeth Kittle	Tel: [phone]

 

END