REG - Lords Group Trading - Appointment of Joint Corporate Broker

Lords TradingAnnouncement

21/04/2022 07:00

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RNS Number : 8149I  Lords Group Trading PLC  21 April 2022

 

 For immediate release  21 April 2022

 

 

Lords Group Trading plc

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

 

Appointment of Joint Corporate Broker

 

Lords, a leading distributor of building materials in the UK, is pleased to
announce the appointment of Berenberg as joint corporate broker, to work
alongside Cenkos Securities, with immediate effect.

 

- Ends -

 

FOR FURTHER ENQUIRIES:

 

 Lords Group Trading plc                                                     Via Buchanan
 Shanker Patel, Chief Executive Officer                                      Tel: +44 (0) 20 7466 5000
 Chris Day, Chief Financial Officer

 Cenkos Securities plc (Nominated Adviser & Joint Corporate Broker)          Tel: +44 (0)20 7397 8900
 Ben Jeynes / Max Gould / Dan Hodkinson (Corporate Finance)
 Alex Pollen (Sales)

 Berenberg (Joint Corporate Broker)                                          Tel: +44 (0) 20 3207 7800
 Matthew Armitt / Richard Bootle / Ciaran Walsh

 Buchanan Communications                                                     Tel: +44 (0) 20 7466 5000
 Henry Harrison-Topham / Stephanie Whitmore / Kim Looringh-van Beeck / Kiki  LGT@buchanan.uk.com (mailto:LGT@buchanan.uk.com)
 Norman

 

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 30 locations in the UK.

 

·     Heating and Plumbing: a specialist distributor in the UK of heating
and plumbing 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 15
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 45 sites.  Lords aims to become a £500
million turnover building materials distributor group by 2024 as it grows its
national presence.

 

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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