REG - Lords Group Trading - Director/PDMR Dealings and Holding(s) in Company

Lords TradingAnnouncement

30/06/2023 15:15

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RNS Number : 6091E  Lords Group Trading PLC  30 June 2023

     30 June 2023

 

Lords Group Trading plc

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

 

Director/PDMR Dealings and Holding(s) in Company

 

Lords, a leading distributor of building materials in the UK, announces that
it has been notified by Shanker Patel, the Company's Chief Executive Officer,
that the conditional gift of 6,296,250 ordinary shares in the Company from
another member of the Lords' concert party first disclosed in the Company's
AIM Admission Document dated 14 July 2021 (the "Gift") has now become
unconditional and  transferred into Shanker Patel's name.

 

As a result, Shanker Patel is now interested, together with his children and
related entities and trusts, in an aggregate of 53,821,386 ordinary shares in
the Company, representing 32.5 per cent. of the Company's issued ordinary
share capital. With the Gift having become unconditional, the Company has also
been notified that Rajen Patel is now interested in 15,204,540 ordinary
shares, representing 9.2 per cent. of the Company's issued share capital.

 

The members of the Lords' concert party collectively hold an unchanged
84,535,727 ordinary shares in aggregate, representing 51.1 per cent. of the
Company's issued share capital.

 

 

 

The notification below, which are made in accordance with the Market Abuse
Regulation, provides further details.

 

- 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 and Chief Operating Officer

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

 

 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 / Jamie Hooper / 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 26 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.

 

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 42 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/) .

 

 

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                                                                            1.    Shanker Patel

 2   Reason for notification
 a)  Position/Status                                                                 1.     Chief Executive Officer
 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  a)    Ordinary shares
     code

                                                                                     ISIN: GB00BM9CLS53

 b)  Nature of transaction                                                           Purchase of ordinary shares

 c)  Price(s) and volume(s)                                                           Price(s)     Volume(s)
                                                                                     1.    Nil     1.    6,296,250
 d)  Aggregated information                                                           n/a

 e)  Date of transaction                                                             1.    30 June 2023
 f)  Place of transaction                                                            AIMX

d)

Aggregated information

 n/a

 

e)

Date of transaction

1.    30 June 2023

f)

Place of transaction

AIMX

 

 

 

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