Loungers PLC Issue of Equity and Total Voting Rights (2652X)
April 30 2021 - 7:41AM
UK Regulatory
TIDMLGRS
RNS Number : 2652X
Loungers PLC
30 April 2021
For immediate release
Loungers plc
("Loungers" or the "Company")
Issue of Equity and Total Voting Rights
Loungers announces that it has allotted and issued 338,664
ordinary shares of 1 pence each in the Company ("Ordinary Shares")
following the vesting of awards made to 673 Company employees
pursuant to the Company's Employee Share Plan. This share plan
rewards team members who are based predominantly in Lounges and
Cosy Clubs across the UK, with share awards based upon length of
service.
The Company has made an application for the 338,664 Ordinary
Shares to be admitted to trading on AIM ("Admission"). Admission is
expected to become effective at 8.00 a.m. on 7 May 2021.
Following Admission, the Company will have 102,738,664 Ordinary
Shares in issue, each with voting rights, which figure may then be
used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
share capital of the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules. The Company
does not hold any Ordinary Shares in Treasury.
For further information please contact:
Loungers plc Via Instinctif Partners
Nick Collins, Chief Executive Officer
Gregor Grant, Chief Financial Officer
GCA Altium Limited (Financial Adviser and Tel: +44 (0) 20 7484
NOMAD) 4040
Sam Fuller / Tim Richardson
Liberum Capital Limited (Joint Broker) Tel: +44 (0) 20 3100
Andrew Godber / John Fishley 2000
Peel Hunt LLP (Joint Broker) Tel: +44 (0)20 7418
Dan Webster / George Sellar 8900
Instinctif Partners (Financial Public Tel: +44 (0) 20 7457 2010
Relations) / 2005
Justine Warren / Matthew Smallwood
About Loungers
Loungers operates through its two 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 139 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 30 Cosy Clubs nationwide.
www.loungers.co.uk
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END
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