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Loungers PLC (LGRS)

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Thursday 17 December, 2020

Loungers PLC

Director/PDMR Shareholding

RNS Number : 0667J
Loungers PLC
17 December 2020
 

17 December 2020

 

Loungers plc

 

("Loungers" or the "Company")

 

PDMR Dealing

On 17 December 2020, the Company was notified by Justin Carter, MD - Lounge and a PDMR, that he had sold 40,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 214 pence per Ordinary Share (the "Sale") to meet tax liabilities arising from the Company's IPO in 2019.

 

Following the Sale, Justin Carter is interested in 598,572* Ordinary Shares representing 0.58% per cent. of the issued Ordinary Shares.

 

* included in the resultant holding of Justin Carter is an interest in 89,719 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.

 

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

 

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

 

Justin Carter

 

2

 

Reason for the notification

 

a)

 

Position/status

   

MD - Lounge

 

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)

 

 

 

Price(s)

Volume(s)

 

214 pence

 

 

40,000

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

n/a - single transaction

 

e)

 

Date of the transaction

 

17 December 2020

f)

 

Place of the transaction

 

London Stock Exchange

 

 

 

 

 

 

 

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