9
September 2024
Loungers
plc
("Loungers" or the
"Company")
Corrections to Notice of
Annual General Meeting
Following the announcement made on
30 August 2024 in respect of the Annual General Meeting of the
Company to be held on 8 October 2024 (the "AGM") and despatch of a circular to
shareholders containing the notice of the resolutions to be
considered at the AGM (the "Notice"), it has come to the attention
of the Company that the Notice contains two typographical errors.
The Company wishes to notify of corrections to the
Notice.
The first correction relates to a
typographical error in resolution 3 of the original Notice that
states 'To re-elect Stephen
Marshall as a Director of the Company'
The resolution should instead
state:
'To elect Stephen Marshall as a Director of
the Company'
The second relates to a
typographical error in resolution 10 of the original Notice that
states that '…As at 27 August 2024 there were options
outstanding over 3,349,478
shares, representing 3.22
per cent. of the Company's issued share capital. If the authority
given by this resolution was to be fully used, and the Company's
issued Ordinary share capital otherwise remained unaltered,
pursuant to this resolution, then the number of options outstanding
as at 27 August 2024 would represent 3.58 per cent. of the Company's issued
share capital.'
The resolution should instead state
that:
'…As at 27 August 2024 there
were options outstanding over 4,744,908 shares, representing
4.56 per cent. of the
Company's issued share capital. If the authority given by this
resolution was to be fully used, and the Company's issued Ordinary
share capital otherwise remained unaltered, pursuant to this
resolution, then the number of options outstanding as at 27 August
2024 would represent 5.07
per cent. of the Company's issued share capital.'
As these are clerical errors, no new
documents will be posted to shareholders. The amendments will be
proposed at the AGM to be voted on a show of hands before
resolution 3 and 10 are put to vote.
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 232 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.