REG - Loungers PLC - Notice of Trading Update

LoungersAnnouncement

24/04/2024 09:30

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RNS Number : 8560L  Loungers PLC  24 April 2024

24 April 2024

Loungers plc

Notice of Trading Update

Loungers plc (LSE: LGRS), a leading operator of all-day café/bar/restaurants
across the UK, will be announcing a trading update for the 53 weeks ended 21
April 2024 on Friday 26(th) April.

 

For further information please contact:

 

 Loungers plc                                                   Via Powerscourt

 Nick Collins, Chief Executive Officer

 Stephen Marshall, Chief Financial Officer

 Houlihan Lokey Advisory Limited (Financial Adviser and NOMAD)  Tel: +44 (0) 20 7839 3355

 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

 

About Loungers

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 220 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 35 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, with the second opening in Saltash near Plymouth in June 2023 and the
third in Honiton on the A303 in August 2023.

 

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