REG - Loungers PLC - Issue of Equity and Total Voting Rights

LoungersAnnouncement

04/05/2022 14:45

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RNS Number : 3349K  Loungers PLC  04 May 2022

For immediate release

Loungers plc

("Loungers" or the "Company")

 

Issue of Equity and Total Voting Rights

 

Loungers announces that it has allotted and issued 385,167 ordinary shares of
1 pence each in the Company ("Ordinary Shares") following the vesting of
awards made to 711 Company employees pursuant to the Company's Employee Share
Plan.  The Employee 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.

 

An application will be made for the 385,167 Ordinary Shares to be admitted to
trading on AIM ("Admission"). Admission is expected to become effective at
8.00 a.m. on 9 May 2022.

 

Following Admission, the Company will have 103,123,831 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 Instinctif Partners

 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
 Instinctif Partners (Financial Public Relations)  Tel: +44 (0) 20 7457 2010 / 2005

 Justine Warren / Matthew Smallwood

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 164 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 31 Cosy Clubs nationwide.

 

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

 

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