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10 Dec 2020 15:24
10 December 2020
Loungers plc
("Loungers" or the "Company")
Director Dealing
On 10 December 2020, the interest of Robert Darwent, a Non-Executive Director of the Company, in the ordinary shares of 1 pence each in the Company ("Ordinary Shares") altered as a result of the sale (the "Sale") of 3,000,114 Ordinary Shares by funds advised by Lion Capital LLP ("Lion") at a price of 215 pence per Ordinary Share. Robert Darwent is a partner in Lion and is deemed to be interested in the Ordinary Shares held by funds advised by Lion.
Following the Sale, funds advised by Lion remain interested in 26,728,524 Ordinary Shares representing 26.10 per cent. of the issued Ordinary Shares.
The Company publicly discloses the following notification pursuant to the EU Market Abuse Regulations:
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Robert Darwent | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Non-Executive Director and PDMR | ||||
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
Identification code
| Ordinary Shares
GB00BH4JR002
| ||||
b)
| Nature of the transaction
| Sale of Ordinary Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 10 December 2020 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
For further information please contact:
Loungers plc Nick Collins, Chief Executive Officer Gregor Grant, Chief Financial Officer | Via Instinctif Partners | |
GCA Altium Limited (Financial Adviser and NOMAD) Sam Fuller / Tim Richardson | Tel: +44 (0) 20 7484 4040 | |
Liberum Capital Limited (Joint Broker) Andrew Godber / John Fishley | Tel: +44 (0) 20 3100 2000 | |
Peel Hunt LLP (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 2010 / 2005
| |
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