3rd Jul 2019 12:46
(Alliance News) - Loungers PLC said Wednesday AXA Investment Managers built a 5.1% stake in the bar operator at the time of its initial public offer in late April.
AXA Investment Managers - part of French insurance giant AXA SA - held 4.7 million shares in the 92.5 million shares outstanding in Loungers on April 29, equivalent to a 5.1% stake.
On the same day, Loungers - which owns 146 bars under the Lounge and Cosy Club brands - had listed on the London Stock Exchange in a GBP83 million initial public offer at 200 pence per share.
Shares in Loungers were 0.2% lower at 217.00 pence in London on Wednesday.
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Loungers Plc