30
August 2024
Loungers
plc
("Loungers" or the
"Company")
Publication of Annual Report
& Accounts and Notice of Annual General
Meeting
Loungers, a leading operator of all
day café / bar / restaurants across the UK under the
Lounge, Cosy Club and Brightside brands, announces that its Annual
Report and Accounts for the 53 weeks ended 21 April 2024 (the
"Annual Report") and the Notice of the 2024 Annual General Meeting
(the "Notice") are now available on the Company's website
at www.loungers.co.uk.
Copies of the Annual Report and the
Notice have been posted to shareholders who have requested to
receive communications in printed form.
The Company's 2024 Annual General
Meeting ("AGM") will be held on Tuesday 8 October at 3pm.
Shareholders are invited to attend the meeting in person at
Ritorno Lounge, Unit 3, V-Shed, Canon's Rd, Bristol, BS1
5UH, or may refer
to the Notice for details on how to vote by proxy.
For
further information please contact:
|
Loungers plc
Nick Collins, Chief Executive
Officer
Stephen Marshall, Chief Financial
Officer
|
Via
Sodali
|
|
Houlihan Lokey Advisory Limited (Financial Adviser and
NOMAD)
Sam Fuller / Tim
Richardson
|
Tel: +44
(0) 20 7484 4040
|
|
Liberum Capital Limited (Joint Broker)
Andrew Godber / John
Fishley
|
Tel: +44
(0) 20 3100 2000
|
|
Peel Hunt LLP (Joint Broker)
Dan Webster / Lalit Bose
|
Tel:
+44 (0)20 7418 8900
|
|
Sodali & Co (Financial Public Relations)
Rob Greening / Russ Lynch /
Elizabeth Kittle
|
Tel: +44
(0) 207 100 6451
|
Notes to Editors
Loungers operates through its three
established 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 231 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 36
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,
the second in Saltash near Plymouth in June 2023, with
the third site having opened in Honiton on the A303 in August
2023.