For immediate
release
Loungers plc
("Loungers" or the
"Company")
Issue of Equity and Total Voting
Rights
Loungers, a leading
operator of all day café/bar/restaurants across the UK under the
Lounge, Cosy Club and Brightside brands, announces
that it has allotted and issued 69,629 ordinary shares of 1 pence
each in the Company ("Ordinary Shares") following the vesting of
awards made to Company employees pursuant to the Company's Employee
Share Plan (the "ESP Ordinary Shares"). The Employee 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. No further Ordinary Shares will be issued under this plan
in relation to the year ended 21 April 2024.
The Company has made an application to the
London Stock Exchange for the ESP Ordinary Shares to be admitted to
trading on AIM ("Admission"). Admission is expected to become
effective at 8.00 a.m. on 14 June 2024.
Following Admission, the Company will have
104,023,148 Ordinary Shares in issue, of which 195,000 shares are
held in treasury. Accordingly the total number of voting rights in
Loungers will be 103,828,148. This figure may 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 and
Transparency Rules.
For further
information please contact:
Loungers
plc
Nick Collins, Chief Executive
Officer
Stephen Marshall, Chief Financial
Officer
|
Via
Powerscourt
|
Houlihan Lokey
Advisory Limited (Financial Adviser and NOMAD)
Sam Fuller / Tim Richardson
|
Tel: +44 (0) 20 7839
3355
|
Liberum
Capital Limited (Joint Broker)
Andrew Godber / John Fishley
|
Tel: +44 (0) 20 3100
2000
|
Peel Hunt LLP
(Joint Broker)
Dan Webster / Andrew Clark
|
Tel: +44 (0)20
7418 8900
|
Powerscourt
(Financial Public Relations)
Rob Greening / Nick Hayns /
Elizabeth Kittle
|
Tel: +44
(0) 207 250 1446
|
|
| |
About
Loungers
Loungers operates through its three
complementary brands - Lounge, Cosy Club and Brightside - 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 224
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.
Brightside is a roadside dining
concept and was launched in November 2022. The first Brightside
location opened on the A38, south of Exeter, in February 2023, with
the second opening in Saltash near Plymouth in June 2023 and the
third in Honiton on the A303 in August 2023.
www.loungers.co.uk