Loungers PLC Director/PDMR Shareholding (3584B)

TIDMLGRS

RNS Number : 3584B

Loungers PLC

01 June 2023

1 June 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 1 June 2023 incentive 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 ("PSP Awards"). The PSP Awards were granted in the form of nil-cost share options and in accordance with the performance conditions as set out in the FY22 Annual Report and Accounts (on page 32).

 
  Name            Position                   Number of Shares 
                                                granted under 
                                                   PSP Awards 
 Alex Reilley     Founder Chairman                    110,262 
                 --------------------------  ---------------- 
 Nick Collins     Chief Executive Officer             267,780 
                 --------------------------  ---------------- 
 Gregor Grant     Chief Financial Officer             131,264 
                 --------------------------  ---------------- 
 Justin Carter    Lounge Managing Director             86,634 
                 --------------------------  ---------------- 
 Eve Bugler       Chief Operating Officer              60,143 
                 --------------------------  ---------------- 
 Guy Youll        Chief People Officer                100,238 
                 --------------------------  ---------------- 
 

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                                   1. Alex Reilley 
                                                2. Nick Collins 
                                                3. Gregor Grant 
                                                4. Justin Carter 
                                                5. Eve Bugler 
                                                6. Guy Youll 
      ---------------------------------  ---------------------------------- 
  2     Reason for the notification 
      --------------------------------------------------------------------- 
  a)    Position/status                        1. Founder Chairman 
                                                2. Chief Executive Officer 
                                                3. Chief Financial Officer 
                                                4. Lounge Managing Director 
                                                5. Chief Operating Officer 
                                                6. Chief People Officer 
      ---------------------------------  ---------------------------------- 
  b)    Initial notification               Initial notification 
         /Amendment 
      ---------------------------------  ---------------------------------- 
  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       Ordinary Shares of GBP0.01 each 
         instrument, type of instrument 
         Identification code                ISIN: GB00BH4JR002 
      ---------------------------------  ---------------------------------- 
  b)    Nature of the transaction          Grant of PSP Awards under the 
                                            Loungers plc 
                                            Senior Management Restricted 
                                            Share Plan. 
      ---------------------------------  ---------------------------------- 
  c)    Price(s) and volume(s)               Price(s)       Volume(s) 
                                              1. Nil          1. 110,262 
                                               2. Nil          2. 267,780 
                                               3. Nil          3. 131,264 
                                               4. Nil          4. 86,634 
                                               5. Nil          5. 60,143 
                                               6. Nil          6. 100,238 
                                                        ----------------- 
      ---------------------------------  ---------------------------------- 
  d)    Aggregated information             - 756,321 
         - Aggregated volume                - Nil 
         - Price 
      ---------------------------------  ---------------------------------- 
  e)    Date of the transaction            1 June 2023 
      ---------------------------------  ---------------------------------- 
  f)    Place of the transaction           Outside of a trading venue 
      ---------------------------------  ---------------------------------- 
 

For further information please contact:

Loungers plc Via Powerscourt

Nick Collins, Chief Executive Officer

Gregor Grant, Chief Financial Officer

Houlihan Lokey UK Limited (Financial Adviser and NOMAD) Tel: [phone]

Sam Fuller / Tim Richardson

Liberum Capital Limited (Joint Broker) Tel: [phone]

Andrew Godber / John Fishley

Peel Hunt LLP (Joint Broker) Tel: [phone]

Dan Webster / Andrew Clark

Powerscourt (Financial Public Relations) Tel: [phone]

Rob Greening / Nick Hayns / Elizabeth Kittle

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END

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June 01, 2023 06:08 ET (10:08 GMT)