REG - Lords Group Trading - Change of Nominated Adviser and Joint Broker

Lords TradingAnnouncement

07/11/2023 07:15

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RNS Number : 5594S  Lords Group Trading PLC  07 November 2023

7 November 2023

 

 

Lords Group Trading plc

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

 

Change of Nominated Adviser and Joint Broker

 

Lords Group Trading plc, a leading distributor of building materials in the
UK, announces that, following the completion of the all-share merger between
Cavendish Securities plc (previously named Cenkos Securities plc) and
Cavendish Financial plc (previously named finnCap Group plc), and as a
consequence of internal reorganisation within the Cavendish Group, the Company
has changed its Nominated Adviser and Joint Broker from Cavendish Securities
plc to Cavendish Capital Markets Limited.

 

 

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 and Chief Operating Officer

 Cavendish Capital Markets Limited (Nominated Adviser and Joint Broker)   Tel: +44 (0)20 7220 0500
 Ben Jeynes / Dan Hodkinson (Corporate Finance)
 Julian Morse / Henry Nicol / Charlie Combe (Sales and ECM)

 

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

 Matthew Armitt / Richard Bootle / Detlir Elezi

 Buchanan Communications                                      Tel: +44 (0) 20 7466 5000
 Henry Harrison-Topham / Stephanie 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 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.

 

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