4 July 2024
Loungers plc
('Loungers' or the 'Company')
Notice of Equity Development Investor Presentation
Loungers plc (LSE: LGRS), a leading operator of all day café/bar/restaurants across the UK under the Lounge, Cosy Club and Brightside brands, will be hosting an investor presentation relating to its preliminary results for the 53 weeks ended 21 April 2024.
Nick Collins, CEO, and Stephen Marshall, CFO, will be hosting the live presentation with Equity Development at 13.00 on Friday 12th July 2024.
The online event is open to all existing and potential shareholders, and registration is free. Questions can be submitted during the presentation to be addressed at the end. Participants can submit their feedback after the event to help the company build an understanding of the views of all shareholders.
To register for the presentation, please visit: Loungers Group Presentation - sign up
A recording of the presentation will be available after the event on the Equity Development website's Loungers plc page.
For further information please contact:
| Equity Development Hannah Crowe / Rachel Hayes Loungers plc Nick Collins, Chief Executive Officer Stephen Marshall, Chief Financial Officer | Tel: +44 (0) 20 7065 2692 Via Powerscourt |
| Houlihan Lokey UK 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 / George Sellar | Tel: +44 (0)20 7418 8900 |
| Powerscourt (Financial Public Relations) Rob Greening / Nick Hayns / Elizabeth Kittle
| Tel: +44 (0) 207 250 1446 |
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 226 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 35 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, with the second opening in Saltash near Plymouth in June 2023 and the third in Honiton on the A303 in August 2023.
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