Last checked at 4 May 2023 08:51
4 May 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 2 May 2023 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. The awards were granted in the form of nil-cost share options in respect of one-off retention awards ("Retention Awards") as set out in the FY22 Annual Report and Accounts (on page 32).
Name | Position | Number of Shares granted under Retention Award |
Alex Reilley | Founder Chairman | 107,569 |
Nick Collins | Chief Executive Officer | 131,143 |
Gregor Grant | Chief Financial Officer | 131,265 |
Justin Carter | Lounge MD | 107,569 |
Amber Wood | Cosy Club MD | 95,246 |
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 | Alex Reilley | ||||
2 | Reason for the notification | |||||
a) | Position/status | Founder Chairman | ||||
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 of £0.01 each
ISIN: GB00BH4JR002 | ||||
b) | Nature of the transaction | Grant of Retention Award under the Loungers plc Senior Management Restricted Share Plan.
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | N/A (single transaction)
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e) | Date of the transaction | 2 May 2023 | ||||
f) | Place of the transaction | Outside of a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Nick Collins | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
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 of £0.01 each
ISIN: GB00BH4JR002 | ||||
b) | Nature of the transaction | Grant of Retention Award under the Loungers plc Senior Management Restricted Share Plan.
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | ||||
e) | Date of the transaction | 2 May 2023 | ||||
f) | Place of the transaction | Outside of a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Gregor Grant | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer | ||||
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 of £0.01 each
ISIN: GB00BH4JR002 | ||||
b) | Nature of the transaction | Grant of Retention Award under the Loungers plc Senior Management Restricted Share Plan.
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | ||||
e) | Date of the transaction | 2 May 2023 | ||||
f) | Place of the transaction | Outside of a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Justin Carter | ||||
2 | Reason for the notification | |||||
a) | Position/status | Lounge MD | ||||
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 of £0.01 each
ISIN: GB00BH4JR002 | ||||
b) | Nature of the transaction | Grant of Retention Award under the Loungers plc Senior Management Restricted Share Plan.
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | ||||
e) | Date of the transaction | 2 May 2023 | ||||
f) | Place of the transaction | Outside of a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Amber Wood | ||||
2 | Reason for the notification | |||||
a) | Position/status | Cosy Club MD | ||||
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 of £0.01 each
ISIN: GB00BH4JR002 | ||||
b) | Nature of the transaction | Grant of Retention Award under the Loungers plc Senior Management Restricted Share Plan.
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) | ||||
e) | Date of the transaction | 2 May 2023 | ||||
f) | Place of the transaction | Outside of a trading venue | ||||
For further information please contact: | |
Loungers plc Nick Collins, Chief Executive Officer Gregor Grant, Chief Financial Officer
| Via Powerscourt |
Houlihan Lokey UK 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 |
Powerscourt (Financial Public Relations) Rob Greening / Nick Hayns / Elizabeth Kittle | Tel: +44 (0) 20 7250 1446 |