Director/PDMR Shareholding

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 Shares sold	Ordinary Shares	% of Issued 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 /Amendment	Initial notifications
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 instrument, type of instrument Identification code	Ordinary Shares GB00BH4JR002
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 - Price	n/a - single transaction for each individual
e)	Date of the transaction	10 December 2020
f)	Place of the transaction	London Stock Exchange

Enquiries:

Loungers plc Nick Collins, Chief Executive Officer Gregor Grant, Chief Financial Officer	Via Instinctif Partners
GCA Altium (Financial Adviser and NOMAD) Sam Fuller / Tim Richardson	Tel: [phone]
Liberum Capital (Joint Broker) Andrew Godber / John Fishley	Tel: [phone]
Peel Hunt (Joint Broker) Dan Webster / Andrew Clark		Tel: [phone]
Instinctif Partners (Financial Public Relations) Justine Warren / Matthew Smallwood		Tel: [phone]

 

END

 

 

DSHGPGUPPUPUGAU