Loungers PLC Board Changes (9318D)
July 01 2019 - 1:01AM
UK Regulatory
TIDMLGRS
RNS Number : 9318D
Loungers PLC
01 July 2019
Loungers plc
("Loungers" or the "Company")
Board Changes
Loungers, the operator of 150 café / bar / restaurants across
England and Wales which trade under the Lounge and Cosy Club
brands, announces that Robert Darwent has been appointed to the
Company's board of directors (the "Board") as a Non-Executive
Director with immediate effect.
Robert, a founding partner and member of the investment
committee at Lion Capital LLP ("Lion"), replaces James Cocker as
Lion's Board representative following James's departure from Lion.
As a result, James Cocker has resigned from the Board with
immediate effect.
The Board would like to place on record its thanks to James for
his contribution to the growth of the Company since Lion first
invested in 2016 and to wish him well in his future endeavours.
Funds managed by Lion are interested in 38.63 per cent. of the
issued ordinary share capital of the Company. Robert Darwent is not
considered by the Board to be an independent director.
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 Tel: +44 (0) 20 7484 4040
and NOMAD)
Sam Fuller / Katherine Hobbs / Tim Richardson
Liberum Capital Limited (Joint Broker) Tel: +44 (0) 20 3100 2000
Clayton Bush / Andrew Godber / John
Fishley
Peel Hunt LLP (Joint Broker) Tel: +44 (0)20 7418 8900
Dan Webster /George Sellar
Instinctif Partners (Financial Public Tel: +44 (0) 207 457 2020
Relations)
Justine Warren / Matthew Smallwood
Additional information on Robert Darwent, Non-Executive
Director
Robert Darwent, aged 46, has held the following directorships or
been a partner in the following partnerships within the last five
years:
Current Directorships / Partnerships Previous Directorships / Partnerships
(last five years)
Lion Capital LLP
Cottesmore Partners LLP Loungers UK Limited
Spence Diamonds Holdings Limited Loungers Holdings Limited
Authentic Brands Group LLC Hema B.V.
Lenny & Larry's LLC Dutch Lion B.V.
GRNA Holdings Inc. Lion Adventure Cooperatief U.A.
Marlin 1 Limited Lion Adventure Holdings B.V.
Leo Holdings Corp. Latimer Newco 2 Limited (dissolved)
Blow Limited
Integrated Health Partners Limited
Lion Capital General Partner
LLP
Lion Capital General Partner
II LLP
Lion Capital General Partner
III LLP
Lion Capital Carry L.P.
Lion Capital Carry II L.P.
Lion Capital Carry III L.P.
Lion Capital Fund IV L.P.
Lion Capital Fund II SBS, L.P.
Lion Capital Fund III SBS, L.P.
Lion Capital Fund III SBS (USD)
L.P.
Lion Capital Fund IV SBS, L.P.
Lion Capital Fund IV SBS (USD)
L.P.
Lion Capital Ventures L.P.
Robert Darwent was a director of La Senza Limited when it was
placed into receivership on 10 January 2012. Secured creditors and
preferential creditors were repaid in full. The shortfall to
unsecured creditors was GBP23,779,533.
Save as disclosed above, Robert Darwent has confirmed that there
are no further details to be disclosed pursuant to Schedule Two
Paragraph (g) of the AIM Rules for Companies.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOABBLLXKQFXBBZ
(END) Dow Jones Newswires
July 01, 2019 02:01 ET (06:01 GMT)
Loungers (LSE:LGRS)
Historical Stock Chart
From Apr 2024 to May 2024
Loungers (LSE:LGRS)
Historical Stock Chart
From May 2023 to May 2024