Loungers PLC Block Admission Application (1341U)
July 28 2022 - 8:49AM
UK Regulatory
TIDMLGRS
RNS Number : 1341U
Loungers PLC
28 July 2022
For immediate release
Loungers plc
("Loungers" or the "Company")
Block Admission Application
Loungers, a leading operator of all day café/bar/restaurants
across the UK under the Lounge and Cosy Club brands, announces that
a block admission application has been made to the London Stock
Exchange for the admission to trading on AIM of 364,625 new
ordinary shares of 1 pence each in the Company (the "New Ordinary
Shares"). It is expected that admission of the New Ordinary Shares
will become effective on 01 August 2022.
The New Ordinary Shares will be issued from time to time in
response to the exercise of options granted under the Loungers plc
Senior Management Restricted Share Plan 2019. When issued, the New
Ordinary Shares will be credited as fully paid and will rank pari
passu in all respects with the ordinary shares of 1p each in the
Company already in issue (the "Existing Ordinary Shares").
The Company will make six-monthly announcements of the
utilisation of this block admission, in line with its obligations
under Rule 29 of the AIM Rules for Companies.
At the time of this announcement, the Company has 103,123,831
Existing 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 Powerscourt
Nick Collins, Chief Executive Officer
Gregor Grant, Chief Financial Officer
Houlihan Lokey UK Limited (Financial Tel: +44 (0) 20 7484
Adviser and 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
Powerscourt (Financial Public Relations) Tel: +44 (0) 207 250
Rob Greening / Nick Hayns / Elizabeth 1446
Kittle
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 170 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 32 Cosy Clubs nationwide.
www.loungers.co.uk
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END
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