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10 Dec 2020 15:21
10 December 2020
Loungers plc
("Loungers" or the "Company")
Directors / PDMRs Dealings
On 10 December 2020, the Company was notified by certain Directors and PDMRs in the Company that they had sold ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 215 pence per Ordinary Share, as set out below:
Resultant Holding | ||||
Shareholder | Position | Ordinary Shares sold | Ordinary Shares | % of Issued Ordinary Shares |
Director | ||||
Alex Reilley | Executive Chairman | 250,000 | 6,951,432 | 6.79% |
Nick Collins* | Chief Executive | 350,000 | 1,086,276 | 1.06% |
PDMR | ||||
Jake Bishop | Commercial Director | 650,000 | 6,507,432 | 6.35% |
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* included in the resultant holding of Nick Collins is an interest in 179,439 Ordinary Shares which are held in the Company's EBT and over which he has a restricted beneficial interest pursuant to a joint share ownership plan. | ||||
The primary purpose of these Ordinary Share sales is to meet tax liabilities arising from the Company's IPO in 2019.
The Company publicly discloses the following notifications pursuant to the EU Market Abuse Regulations:
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| 1. Alex Reilley 2. Nick Collins 3. Jake Bishop
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2
| Reason for the notification
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a)
| Position/status
| 1. Chairman 2. Chief Executive 3. Commercial Director
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b)
| Initial notification /Amendment
| Initial notifications | ||||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| Loungers plc | ||||||||||
b) | LEI
| 213800FA4HQ339CRNN34
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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
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a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares
GB00BH4JR002
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b)
| Nature of the transaction
| Sale of Ordinary Shares | ||||||||||
c)
| Price(s) and volume(s)
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All transactions were undertaken at a price of 215 pence per Ordinary Share
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d)
| Aggregated information
- Aggregated volume
- Price
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n/a - single transaction for each individual
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e)
| Date of the transaction
| 10 December 2020 | ||||||||||
f)
| Place of the transaction
| London Stock Exchange | ||||||||||
Enquiries:
Loungers plc Nick Collins, Chief Executive Officer Gregor Grant, Chief Financial Officer
| Via Instinctif Partners | |
GCA Altium (Financial Adviser and NOMAD) Sam Fuller / Tim Richardson
| Tel: +44 (0) 20 7484 4040 | |
Liberum Capital (Joint Broker) Andrew Godber / John Fishley
| Tel: +44 (0) 20 3100 2000 | |
Peel Hunt (Joint Broker) Dan Webster / Andrew Clark
| Tel: +44 (0) 20 7418 8900 | |
Instinctif Partners (Financial Public Relations) Justine Warren / Matthew Smallwood | Tel: +44 (0) 20 7457 2020 | |
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