Directors / PDMRs Dealings

RNS Number : 9622K

Loungers PLC

27 April 2020

 

27 April 2020

Loungers plc

("Loungers" or the "Company")

Directors / PDMRs Dealings

As announced on 23 April 2020, certain Directors and other PDMRs in the Company each subscribed for ordinary shares of 1 pence each ("Ordinary Shares") as part of the placing of 9,250,000 new Ordinary Shares (the "Placing Shares") undertaken by the Company on that date, all at a price of 90 pence per Placing  Share, as set out below:

			Resultant Holding
Shareholder	Position	Number of Placing Shares	Number of Ordinary Shares	% of Enlarged Issued Share Capital
Director
Alex Reilley	Executive Chairman	654,675	7,201,432	7.08
Nick Collins	CEO	130,570	1,436,276*	1.41
Gregor Grant	CFO	33,333	180,148	0.18
Nick Backhouse	Non-Executive	1,403	13,903	0.01
Adam Bellamy	Non-Executive	1,403	13,903	0.01
Jill Little	Non-Executive	1,403	13,903	0.01
PDMR
Jake Bishop	Commercial Director	650,675	7,157,432	7.03
Justin Carter	MD - Lounge	49,896	638,572*	0.63
Amber Wood	MD - Cosy Club	11,111	29,464	0.03
* included in the resultant holdings of Nick Collins and Justin Carter are interests in 179,439 Ordinary Shares and 89,719 Ordinary Shares respectively, which are held in the Company's EBT and over which each has a restricted beneficial interest pursuant to a joint share ownership plan.

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	1.  Alex Reilley 2.  Nick Collins 3.  Gregor Grant 4.  Nick Backhouse 5.  Adam Bellamy 6.  Jill Little 7.  Jake Bishop 8.  Justin Carter 9.  Amber Wood
2	Reason for the notification
a)	Position/status	1.  Chairman 2.  Chief Executive 3.  Chief Financial Officer 4.  Non-Executive Director 5.  Non-Executive Director 6.  Non-Executive Director 7.  Commercial Director 8.  MD - Lounge 9.  MD - Cosy Club
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	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Name Volume(s) Alex Reilley 654,675 Nick Collins 130,570 Gregor Grant 33,333 Nick Backhouse 1,403 Adam Bellamy 1,403 Jill Little 1,403 Jake Bishop 650,675 Justin Carter 49,896 Amber Wood 11,111 All transactions were undertaken at a price of 90 pence per share
d)	Aggregated information - Aggregated volume - Price	n/a single transaction for each individual
e)	Date of the transaction	27 April 2020
f)	Place of the transaction	London Stock Exchange

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 /George Sellar		Tel: [phone]
Instinctif Partners (Financial Public Relations) Justine Warren / Matthew Smallwood		Tel: [phone]

 

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