Loungers PLC Director/PDMR Shareholding (3584B)
June 01 2023 - 5:08AM
UK Regulatory
TIDMLGRS
RNS Number : 3584B
Loungers PLC
01 June 2023
1 June 2023
Loungers plc
("Loungers" or the "Company")
Notification of transactions by directors, persons discharging
managerial responsibilities ("PDMRs") and connected persons
Loungers, a leading operator of all-day café/bar/restaurants
across the UK under the Lounge, Cosy Club and Brightside brands,
announces that on 1 June 2023 incentive awards were granted over
ordinary shares of 1 penny each in the Company ("Shares") under the
Loungers plc Senior Management Restricted Share Plan to the below
Directors and PDMRs ("PSP Awards"). The PSP Awards were granted in
the form of nil-cost share options and in accordance with the
performance conditions as set out in the FY22 Annual Report and
Accounts (on page 32).
Name Position Number of Shares
granted under
PSP Awards
Alex Reilley Founder Chairman 110,262
-------------------------- ----------------
Nick Collins Chief Executive Officer 267,780
-------------------------- ----------------
Gregor Grant Chief Financial Officer 131,264
-------------------------- ----------------
Justin Carter Lounge Managing Director 86,634
-------------------------- ----------------
Eve Bugler Chief Operating Officer 60,143
-------------------------- ----------------
Guy Youll Chief People Officer 100,238
-------------------------- ----------------
The notification below, made in accordance with the requirements
of the UK Market Abuse Regulation, provides further detail:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. Alex Reilley
2. Nick Collins
3. Gregor Grant
4. Justin Carter
5. Eve Bugler
6. Guy Youll
--------------------------------- ----------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status 1. Founder Chairman
2. Chief Executive Officer
3. Chief Financial Officer
4. Lounge Managing Director
5. Chief Operating Officer
6. Chief People Officer
--------------------------------- ----------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------- ----------------------------------
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 Ordinary Shares of GBP0.01 each
instrument, type of instrument
Identification code ISIN: GB00BH4JR002
--------------------------------- ----------------------------------
b) Nature of the transaction Grant of PSP Awards under the
Loungers plc
Senior Management Restricted
Share Plan.
--------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. Nil 1. 110,262
2. Nil 2. 267,780
3. Nil 3. 131,264
4. Nil 4. 86,634
5. Nil 5. 60,143
6. Nil 6. 100,238
-----------------
--------------------------------- ----------------------------------
d) Aggregated information - 756,321
- Aggregated volume - Nil
- Price
--------------------------------- ----------------------------------
e) Date of the transaction 1 June 2023
--------------------------------- ----------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------- ----------------------------------
For further information please contact:
Loungers plc Via Powerscourt
Nick Collins, Chief Executive Officer
Gregor Grant, Chief Financial Officer
Houlihan Lokey UK Limited (Financial Adviser and NOMAD) Tel: +44
(0) 20 7484 4040
Sam Fuller / Tim Richardson
Liberum Capital Limited (Joint Broker) Tel: +44 (0) 20 3100
2000
Andrew Godber / John Fishley
Peel Hunt LLP (Joint Broker) Tel: +44 (0) 20 7418 8900
Dan Webster / Andrew Clark
Powerscourt (Financial Public Relations) Tel: +44 (0) 20 7250
1446
Rob Greening / Nick Hayns / Elizabeth Kittle
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END
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