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Loungers PLC (LGRS)

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Wednesday 23 September, 2020

Loungers PLC

Annual Report and Annual General Meeting

RNS Number : 9306Z
Loungers PLC
23 September 2020
 

Loungers plc

("Loungers" or the "Company")

Annual Report and Annual General Meeting

 

Loungers, the operator of 167 café / bar / restaurants across England and Wales which trade under the Lounge and Cosy Club brands, announces that its Annual Report and Accounts for the 52 weeks ended 19 April 2020 (the "Annual Report") is being posted to applicable shareholders today and is also being made available on the Company's website at www.loungers.co.uk.

 

The Annual Report contains notice (the "Notice") of the Company's 2020 Annual General Meeting ("AGM"), which will be held on Friday, 16 October 2020 at 2pm. As a result of the issues arising from COVID-19, the AGM will be held as a closed meeting and shareholders will not be permitted to attend the meeting in person. Shareholders should refer to the Notice for details on how to vote by proxy and how to submit questions to the Company's directors.

 

23 September 2020

 

For further information please contact:

 

Loungers plc

Nick Collins, Chief Executive Officer

Gregor Grant, Chief Financial Officer

 

Via Instinctif Partners

 

 

GCA Altium Limited (Financial Adviser and NOMAD)

Sam Fuller / Tim Richardson

 

Tel: +44 (0) 20 7484 4040

 

 

Instinctif Partners (Financial Public Relations)

Justine Warren / Matthew Smallwood

 

Tel: +44 (0) 207 457 2020

 

Notes to Editors

 

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 137 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.

 

 

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