REG - Lords Group Trading - Appointment of Chief Financial Officer

Lords TradingAnnouncement

08/05/2024 07:00

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RNS Number : 4756N  Lords Group Trading PLC  08 May 2024

8 May 2024

 

Lords Group Trading plc

('Lords', the 'Group' or the 'Company')

 

Appointment of Chief Financial Officer

 

Further to the announcement issued on 4 April 2024, Lords, a leading
distributor of building materials in the UK, is pleased to confirm that Stuart
Kilpatrick will join the Board of Lords as Chief Financial Officer and a
director of the Company on Tuesday, 4 June 2024.

 

As previously announced, Chris Day, the Group's current CFO and COO, will step
down as a statutory director and leave the Group on 17 May 2024 shortly after
the publication of the Group's FY23 Results on 15 May 2024. In the short
interim period between Chris' departure and Stuart's arrival, the Group is
well supported by its strong, well-established finance team who will ensure a
smooth transition for the business.

 

- Ends -

 

FOR FURTHER ENQUIRIES:

 

 Lords Group Trading plc                                      Via Buchanan
 Gary O'Brien, Non-Executive Chairman                         Tel: +44 (0) 20 7466 5000

 Shanker Patel, Chief Executive Officer

 Cavendish Capital Markets Limited                            Tel: +44 (0)20 7220 0500

 Nominated Adviser and Joint Broker
 Ben Jeynes / Dan Hodkinson (Corporate Finance)

 Julian Morse / Henry Nicol / Charlie Combe (Sales and ECM)

 

 Berenberg                                                Tel: +44 (0)20 3207 7800

 Joint Broker

 Matthew Armitt / Richard Bootle / Detlir Elezi

 Buchanan Communications                                  Tel: +44 (0) 20 7466 5000
 Henry Harrison-Topham / Steph Whitmore / Abby Gilchrist  LGT@buchanan.uk.com (mailto:LGT@buchanan.uk.com)

 

Notes to editors:

 

Lords is a specialist distributor of building, plumbing, heating and DIY
goods.  The Group principally sells to local tradesmen, small to medium sized
plumbing and heating merchants, construction companies and retails directly to
the general public.

 

The Group operates through the following two divisions:

 

·  Merchanting: supplies building materials and DIY goods through its
network of merchant businesses and online platform capabilities.  It operates
both in the 'light side' (building materials and timber) and 'heavy side'
(civils and landscaping), through 31 locations in the UK.

 

·    Plumbing and Heating: a specialist distributor in the UK of plumbing
and heating products to a UK network of independent merchants, installers and
the general public.  The division offers its customers an attractive
proposition through a multi-channel offering.  The division operates over 17
locations enabling nationwide next day delivery service.

 

Lords was established over 35 years ago as a family business with its first
retail unit in Gerrards Cross, Buckinghamshire.  Since then, the Group has
grown to a business operating from 48 sites.

 

Lords was admitted to trading on AIM in July 2021 with the ticker LORD.L.
 For additional information please visit www.lordsgrouptradingplc.co.uk
(http://www.lordsgrouptradingplc.co.uk/) .

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