Publication of Annual Report & Notice of AGM

Loungers PLC

30 August 2024

 

30 August 2024

Loungers plc

("Loungers" or the "Company")

Publication of Annual Report & Accounts and Notice of Annual General Meeting 

Loungers, a leading operator of all day café / bar / restaurants across the UK  under the Lounge, Cosy Club and Brightside brands, announces that its Annual Report and Accounts for the 53 weeks ended 21 April 2024 (the "Annual Report") and the Notice of the 2024 Annual General Meeting (the "Notice") are now available on the Company's website at www.loungers.co.uk.

Copies of the Annual Report and the Notice have been posted to shareholders who have requested to receive communications in printed form.

The Company's 2024 Annual General Meeting ("AGM") will be held on Tuesday 8 October at 3pm. Shareholders are invited to attend the meeting in person at Ritorno Lounge, Unit 3, V-Shed, Canon's Rd, Bristol, BS1 5UH, or may refer to the Notice for details on how to vote by proxy.

For further information please contact:

Loungers plc Nick Collins, Chief Executive Officer Stephen Marshall, Chief Financial Officer	Via Sodali
Houlihan Lokey Advisory Limited (Financial Adviser and NOMAD) Sam Fuller / Tim Richardson	Tel: [phone]
Liberum Capital Limited (Joint Broker) Andrew Godber / John Fishley	Tel: [phone]
Peel Hunt LLP (Joint Broker) Dan Webster / Lalit Bose	Tel:  [phone]
Sodali & Co (Financial Public Relations) Rob Greening / Russ Lynch / Elizabeth Kittle	Tel: [phone]

Notes to Editors

Loungers operates through its three established complementary brands - Lounge, Cosy Club and Brightside - 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 231 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 36 Cosy Clubs nationwide. 

Brightside is a roadside dining concept and was launched in November 2022. The first Brightside location opened on the A38, south of Exeter, in February 2023, the second in Saltash near Plymouth in June 2023, with the third site having opened in Honiton on the A303 in August 2023.

 

END