REG - Loungers PLC - Director/PDMR Shareholding

LoungersAnnouncement

13/12/2023 16:00

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RNS Number : 6897W  Loungers PLC  13 December 2023

13 December 2023

 

Loungers plc

("Loungers" or the "Company")

 

Notification of transactions by directors, persons discharging managerial
responsibilities ("PDMRs") and connected persons

 

Loungers, a leading operator of all-day café/bar/restaurants across the UK
under the Lounge, Cosy Club and Brightside brands, announces that on 13
December 2023 incentive awards were granted over ordinary shares of 1 penny
each in the Company ("Shares") under the Loungers plc Senior Management
Restricted Share Plan to the below Directors and PDMRs ("PSP Awards"). The PSP
Awards were granted in the form of nil-cost share options and in accordance
with the performance conditions as set out in the FY23 Annual Report and
Accounts (on page 34).

 

  Name          Position                     Number of Shares granted under PSP Award
 Alex Reilley   Founder Chairman             106,850
 Nick Collins   Chief Executive Officer      259,493
 Gregor Grant   Chief Financial Officer      127,202
 Justin Carter  Lounge Managing Director     83,953
 Eve Bugler     Chief Operating Officer      58,281
 Guy Youll      Chief People Officer         92,511
 Lucy Knowles   Cosy Club Managing Director  70,484

 

The notification below, made in accordance with the requirements of the UK
Market Abuse Regulation, provides further detail:

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         1.    Alex Reilley

                                                                   2.    Nick Collins

                                                                   3.    Gregor Grant

                                                                   4.    Justin Carter

                                                                   5.    Eve Bugler

                                                                   6.    Guy Youll

                                                                   7.    Lucy Knowles
 2    Reason for the notification
 a)   Position/status                                              1.    Founder Chairman

                                                                   2.    Chief Executive Officer

                                                                   3.    Chief Financial Officer

                                                                   4.    Lounge Managing Director

                                                                   5.    Chief Operating Officer

                                                                   6.    Chief People Officer

                                                                   7.    Cosy Club Managing Director
 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  Ordinary Shares of £0.01 each

      Identification code

                                                                   ISIN: GB00BH4JR002
 b)   Nature of the transaction                                    Grant of PSP Award under the Loungers plc Senior Management Restricted Share
                                                                   Plan.
 c)   Price(s) and volume(s)                                       Price(s)       Volume(s)
                                                                   1.    Nil      1.    106,850

                                                                   2.    Nil      2.    259,493

                                                                   3.    Nil      3.    127,202

                                                                   4.    Nil      4.    83,953

                                                                   5.    Nil      5.    58,281

                                                                   6.    Nil      6.    92,511

                                                                   7.    Nil      7.    70,484

 d)   Aggregated information                                       - 798,774

      - Aggregated volume                                          - Nil

      - Price
 e)   Date of the transaction                                      13 December 2023
 f)   Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

- Aggregated volume

- Price

- 798,774

- Nil

e)

Date of the transaction

13 December 2023

f)

Place of the transaction

Outside of a trading venue

 

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 / Andrew Clark

Powerscourt (Financial Public
Relations)
Tel: +44 (0) 20 7250 1446

Rob Greening / Nick Hayns / Elizabeth Kittle

 

 

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