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Loungers PLC (LGRS)

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Thursday 10 December, 2020

Loungers PLC

Director/PDMR Shareholding

RNS Number : 2802I
Loungers PLC
10 December 2020
 

10 December 2020

 

Loungers plc

 

(" Loungers" or the "Company")

 

Director Dealing

On 10 December 2020, the interest of Robert Darwent, a Non-Executive Director of the Company, in the ordinary shares of 1 pence each in the Company ("Ordinary Shares") altered as a result of the sale (the "Sale") of 3,000,114 Ordinary Shares by funds advised by Lion Capital LLP ("Lion") at a price of 215 pence per Ordinary Share. 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 Sale, funds advised by Lion remain interested in 26,728,524 Ordinary Shares representing 26.10 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

 

Sale of Ordinary Shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£2.15

3,000,114

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

  Aggregated Price(s)

 

Aggregated Volume(s)

£6,450,245

3,000,114

e)

 

Date of the transaction

 

10 December 2020

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: +44 (0) 20 7484 4040

Liberum Capital Limited (Joint Broker)

Andrew Godber / John Fishley

Tel: +44 (0) 20 3100 2000

Peel Hunt LLP (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 2010 / 2005

 

 

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