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Loungers PLC (LGRS)

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Friday 30 April, 2021

Loungers PLC

Issue of Equity and Total Voting Rights

RNS Number : 2652X
Loungers PLC
30 April 2021
 

For immediate release

Loungers plc 

("Loungers" or the "Company")

 

Issue of Equity and Total Voting Rights

 

Loungers announces that it has allotted and issued 338,664 ordinary shares of 1 pence each in the Company ("Ordinary Shares") following the vesting of awards made to 673 Company employees pursuant to the Company's Employee Share Plan.  This share plan rewards team members who are based predominantly in Lounges and Cosy Clubs across the UK, with share awards based upon length of service.

 

The Company has made an application for the 338,664 Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective at 8.00 a.m. on 7 May 2021.

 

Following Admission, the Company will have 102,738,664 Ordinary Shares in issue, each with voting rights, which figure may then be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The Company does not hold any Ordinary Shares in Treasury.

 

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 / George Sellar

Tel:  +44 (0)20 7418 8900

Instinctif Partners (Financial Public Relations)

Justine Warren / Matthew Smallwood

Tel: +44 (0) 20 7457 2010 / 2005

 

About Loungers

 

Loungers operates through its two complementary brands - Lounge and Cosy Club - in the UK hospitality sector.  A Lounge is a neighbourhood café/bar combining elements of coffee shop culture, the British pub and dining.  There are 139 Lounges nationwide.  Lounges are principally located in secondary suburban high streets and small town centres.  The sites are characterised by informal, unique interiors with an emphasis on a warm, comfortable atmosphere, often described as a "home from home".

 

Cosy Clubs are more formal bars/restaurants offering reservations and table service but share many similarities with the Lounges in terms of their broad, all-day offering and their focus on hospitality and culture.  Cosy Clubs are typically located in city centres and large market towns.  Interiors tend to be larger and more theatrical than for a Lounge, and heritage buildings or first-floor spaces are often employed to create a sense of occasion.  There are 30 Cosy Clubs nationwide.

 

www.loungers.co.uk

 

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