REG - Lords Group Trading - Award of Options under LTIP, PDMR & PCA Dealings

Lords TradingAnnouncement

12/02/2025 07:00

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RNS Number : 7488W  Lords Group Trading PLC  12 February 2025

 For immediate release    12 February 2025

 

 

Lords Group Trading plc

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

 

Award of Options under LTIP, PDMR and PCA Dealings

 

Lords, a leading distributor of building materials in the UK, announces an
award of options to subscribe for new ordinary shares in the Company
('Ordinary Shares') under the Company's Long Term Incentive Plan ('LTIP') and
a purchase of ordinary shares in the Company by persons closely associated
with Stuart Kilpatrick, the Company's Chief Financial Officer.

 

Award of Options under LTIP

 

On 7 February 2025, the Group's Remuneration Committee has approved the award
of nil cost options over an aggregate of 400,000 new Ordinary Shares under the
terms of the Company's LTIP (the 'Award') to Stuart Kilpatrick, the Company's
Chief Financial Officer.  This Award is being granted to replace certain
interests held by Stuart Kilpatrick in connection with his former role and
which were forfeited on joining the Company.

 

The Award will vest two and a half years from grant at nil pence per Ordinary
Share subject to the following performance criteria ('Award Performance
Conditions').

 

Award Performance Conditions

 

In line with the recognition of the importance of aligning Lords' management
team with the success of the Group in the medium and longer term, the Award is
subject to the following performance conditions:

 

·      50% of the overall Award will vest by reference to the Group's
adjusted earnings per share starting with H2-24 and ending with the financial
year ending 31 December 2026.

·      50% of the overall Award will be made by reference to the Group's
total shareholder return performance starting with H2-24 and ending with the
financial year ending 31 December 2026.

 

The Remuneration Committee has discretion to amend the vesting criteria of the
Award to ensure that performance targets remain appropriate.

 

PCA Dealing

 

The Company also announces that it has been notified that Katharine
Kilpatrick, a PCA of Stuart Kilpatrick, purchased 45,000 shares at a price of
31.2 pence per Ordinary Share on 11 February 2025.  Following this purchase,
Stuart Kilpatrick's total reportable shareholding in the Company is 45,000
Ordinary Shares (including those held by PCAs), representing 0.027% of the
Company's issued ordinary share capital.

 

Additional detail is provided below in accordance with the requirements of UK
MAR.

 

- Ends -

 

FOR FURTHER ENQUIRIES:

 Lords Group Trading plc                                 Via Burson Buchanan
 Shanker Patel, Chief Executive Officer                  Tel: +44 (0) 20 7466 5000
 Stuart Kilpatrick, Chief Financial 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/ECM)

 Berenberg (Joint Broker)                                                              Tel: +44 (0)20 3207 7800

 Matthew Armitt / Harry Nicholas / Detlir Elezi

 Burson Buchanan                                                                       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 32 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 16 locations
enabling nationwide next day delivery service.

 

For additional information please visit www.lordsgrouptradingplc.co.uk
(http://www.lordsgrouptradingplc.co.uk/)

 

The following notifications are intended to satisfy the Company's obligations
under Article 19(3) of the Market Abuse Regulation:

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                                            Stuart Kilpatrick
 2   Reason for notification
 a)  Position/Status                                                                 CFO
 b)  Initial notification/amendment                                                  Initial notification

 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                                            Lords Group Trading plc

 b)  LEI                                                                             9845009A4D87F1CE5145

 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted

 a)  Description of the financial instrument, type of instrument and identification  Nil cost share options
     code

                                                                                     ISIN: GB00BM9CLS53

 b)  Nature of transaction                                                           Award of new ordinary shares pursuant to Lords Group LTIP

 c)  Price(s) and volume(s)                                                          Price(s)  Volume(s)
                                                                                     Nil       400,000
 d)  Aggregated information                                                          N/A

 e)  Date of transaction                                                             07/02/2025

 f)  Place of transaction                                                            Outside of a trading venue

d)

Aggregated information

N/A

 

e)

Date of transaction

07/02/2025

 

f)

Place of transaction

Outside of a trading venue

 

 

 Details of the person discharging managerial responsibilities/person closely
 associated
 Name                                                                            Katharine Kilpatrick
 Reason for notification
 Position/Status                                                                 PCA of Stuart Kilpatrick (CFO)
 Initial notification/amendment                                                  Initial notification

 Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor
 Name                                                                            Lords Group Trading plc

 LEI                                                                             9845009A4D87F1CE5145

 Details of the transaction(s): section to be repeated for (i) each type of
 instrument; (ii) each type of transaction; (iii) each date; and (iv) each
 place where transactions have been conducted

 Description of the financial instrument, type of instrument and identification  Ordinary Shares of 0.05p each
 code

                                                                                 ISIN: GB00BM9CLS53

 Nature of transaction                                                           Purchase of Ordinary Shares

 Price(s) and volume(s)                                                          Price(s)    Volume(s)
                                                                                 31.2 pence  45,000
 Aggregated information                                                          N/A

 Date of transaction                                                             11/02/2025

 Place of transaction                                                            London Stock Exchange

Aggregated information

N/A

 

Date of transaction

11/02/2025

 

Place of transaction

London Stock Exchange

 

 

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