Loungers PLC - Bristol-based operator of Lounge, Cosy Club and Brightside cafes and bars - Chair Alex Reilley sells 200,000 shares at 190 pence, worth £380,000, on Wednesday. The share sale was to settle a tax bill, Loungers says, and Reilley retains 6.8 million shares, a 6.5% stake. Before the market open on Wednesday, Loungers released its annual results. Pretax profit fell to £7.3 million in the financial year that ended April 16 from £21.6 million.

Current stock price: 191.00p, down 2.1% in London on Thursday

12-month change: up 2.7%

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