Loungers PLC Director/PDMR Shareholding (2801I)
December 10 2020 - 10:21AM
UK Regulatory
TIDMLGRS
RNS Number : 2801I
Loungers PLC
10 December 2020
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 Ordinary % of Issued
Shares sold Shares 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%
* 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
a) Name 1. Alex Reilley
2. Nick Collins
3. Jake Bishop
-------------------------- -----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status 1. Chairman
2. Chief Executive
3. Commercial Director
-------------------------- -----------------------------------------------
b) Initial notification Initial notifications
/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 Ordinary Shares
financial instrument,
type of instrument
GB00BH4JR002
Identification code
-------------------------- -----------------------------------------------
b) Nature of the transaction Sale of Ordinary Shares
-------------------------- -----------------------------------------------
c) Price(s) and volume(s) Name Volume(s)
Alex Reilley 250,000
Nick Collins 350,000
Jake Bishop 650,000
All transactions were undertaken at a
price of 215 pence per Ordinary Share
-------------------------- -----------------------------------------------
d) Aggregated information
- Aggregated volume n/a - single transaction for each individual
- Price
-------------------------- -----------------------------------------------
e) Date of the transaction 10 December 2020
-------------------------- -----------------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------- -----------------------------------------------
Enquiries:
Loungers plc Via Instinctif Partners
Nick Collins, Chief Executive
Officer
Gregor Grant, Chief Financial
Officer
GCA Altium (Financial Adviser Tel: +44 (0) 20 7484 4040
and NOMAD)
Sam Fuller / Tim Richardson
Liberum Capital (Joint Broker) Tel: +44 (0) 20 3100 2000
Andrew Godber / John Fishley
Peel Hunt (Joint Broker) Tel: +44 (0) 20
Dan Webster / Andrew Clark 7418 8900
Instinctif Partners (Financial Public Relations) Tel: +44 (0) 20
Justine Warren / Matthew Smallwood 7457 2020
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END
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