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Loungers PLC (LGRS)

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Thursday 10 December, 2020

Loungers PLC

Director/PDMR Shareholding

RNS Number : 2801I
Loungers PLC
10 December 2020
 

10 December 2020

 

Loungers plc

 

("Loungers" or the "Company")

 

Directors / PDMRs Dealings

On 10 December 2020, the Company was notified by certain Directors and PDMRs in the Company that they had sold ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 215 pence per Ordinary Share, as set out below:

 




Resultant Holding

Shareholder

Position

Ordinary

Shares sold

Ordinary

Shares

% of Issued Ordinary Shares

Director





Alex Reilley

Executive Chairman

250,000

6,951,432

6.79%

Nick Collins*

Chief Executive

350,000

1,086,276

1.06%






PDMR





Jake Bishop

Commercial Director

650,000

6,507,432

6.35%

 

 

 

 

 

* included in the resultant holding of Nick Collins is an interest in 179,439 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.






The primary purpose of these Ordinary Share sales is to meet tax liabilities arising from the Company's IPO in 2019.

 

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.  Jake Bishop

 

2

 

Reason for the notification

 

a)

 

Position/status

   

1.  Chairman

2.  Chief Executive

3.  Commercial Director

 

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)

 

 

 

Name

Volume(s)



Alex Reilley

250,000

Nick Collins

350,000

Jake Bishop

650,000

 

All transactions were undertaken at a price of 215 pence per Ordinary Share

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

n/a - single transaction for each individual

 

e)

 

Date of the transaction

 

10 December 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: +44 (0) 20 7484 4040

Liberum Capital (Joint Broker)

Andrew Godber / John Fishley

 

Tel: +44 (0) 20 3100 2000

Peel Hunt (Joint Broker)

Dan Webster / Andrew Clark

 

Tel: +44 (0) 20 7418 8900

Instinctif Partners (Financial Public Relations)

Justine Warren / Matthew Smallwood

Tel: +44 (0) 20 7457 2020

 

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