Last checked at 1 Sep 2023 16:54
1 September 2023
Loungers plc
("Loungers" or the "Company")
Publication of Annual Report & Accounts and Notice of Annual General Meeting
Loungers, a leading operator of all day café / bar / restaurants across the UK under the Lounge, Cosy Club and Brightside brands, announces that its Annual Report and Accounts for the 52 weeks ended 16 April 2023 (the "Annual Report") and the Notice of the 2023 Annual General Meeting (the "Notice") are now available on the Company's website at www.loungers.co.uk.
Copies of the Annual Report and the Notice have been posted to shareholders who have requested to receive communications in printed form.
The Company's 2023 Annual General Meeting ("AGM") will be held on Friday, 13 October 2023 at 2pm. Shareholders are invited to attend the meeting in person at Armada House, Telephone Avenue, Bristol BS1 4BQ ormay refer to the Notice for details on how to vote by proxy.
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 / George Sellar
| Tel: +44 (0)20 7418 8900 |
Powerscourt (Financial Public Relations) Rob Greening / Nick Hayns / Elizabeth Kittle
|
Tel: +44 (0) 207 250 1446 |
Notes to Editors
Loungers operates through its two established 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 199 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.
Loungers launched its third brand, a roadside dining concept called Brightside, in November 2022. The first Brightside location opened on the A38, south of Exeter, in February 2023, the second in Saltash near Plymouth in June 2023, with the third site having opened in Honiton on the A303 in August 2023.