REG - Loungers PLC - Director Dealing

LoungersAnnouncement

27/04/2020 11:00

RNS Number : 9630K
  
Loungers PLC
  
27 April 2020
  
 

27 April 2020
 
Loungers plc
 
("Loungers" or the "Company")
 
Director Dealing
On 23 April 2020, the interest of Robert Darwent, a Non-Executive Director of the Company, in the issued ordinary shares of the Company ("Ordinary Shares") altered as a result of the acquisition (the "Acquisition") of 3,000,114 Ordinary Shares by funds advised by Lion Capital LLP ("Lion") pursuant to the placing of 9,250,000 new Ordinary Shares carried out by the Company on that date. 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 Acquisition, funds advised by Lion are interested in 29,728,638 Ordinary Shares representing 29.22 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 
  


Acquisition of Ordinary Shares 




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




£0.90


3,000,114



 




d) 
 


Aggregated information 
 
- Aggregated volume 
  
- Price 
 


 



 Aggregated Price(s)
 


Aggregated Volume(s)




£2,700,102.60


3,000,114








e) 
 


Date of the transaction 
  


27 April2020




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 / George Sellar


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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