REG - Loungers PLC - Block Admission Application

LoungersAnnouncement

28/07/2022 14:00

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RNS Number : 1341U  Loungers PLC  28 July 2022

For immediate release

Loungers plc

("Loungers" or the "Company")

 

Block Admission Application

 

Loungers, a leading operator of all day café/bar/restaurants across the UK
under the Lounge and Cosy Club brands, announces that a block admission
application has been made to the London Stock Exchange for the admission to
trading on AIM of 364,625 new ordinary shares of 1 pence each in the Company
(the "New Ordinary Shares"). It is expected that admission of the New Ordinary
Shares will become effective on 01 August 2022.

 

The New Ordinary Shares will be issued from time to time in response to the
exercise of options granted under the Loungers plc Senior Management
Restricted Share Plan 2019. When issued, the New Ordinary Shares will be
credited as fully paid and will rank pari passu in all respects with the
ordinary shares of 1p each in the Company already in issue (the "Existing
Ordinary Shares").

 

The Company will make six-monthly announcements of the utilisation of this
block admission, in line with its obligations under Rule 29 of the AIM Rules
for Companies.

 

At the time of this announcement, the Company has 103,123,831 Existing
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                                             Via Powerscourt

 Nick Collins, Chief Executive Officer

 Gregor Grant, Chief Financial Officer
 Houlihan Lokey UK Limited (Financial Adviser and NOMAD)  Tel: +44 (0) 20 7484 4040

 Sam Fuller / Tim Richardson
 Liberum Capital Limited (Joint Broker)                   Tel: +44 (0) 20 3100 2000

 Andrew Godber / John Fishley
 Peel Hunt LLP (Joint Broker)                             Tel:  +44 (0)20 7418 8900

 Dan Webster / George Sellar
 Powerscourt (Financial Public Relations)                                          Tel: +44 (0) 207 250 1446

 Rob Greening / Nick Hayns / Elizabeth Kittle

 

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 170 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 32 Cosy Clubs nationwide.

www.loungers.co.uk (http://www.loungers.co.uk)

 

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