REG - Lords Group Trading - Director/PDMR Shareholding

Lords TradingAnnouncement

01/02/2024 16:00

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RNS Number : 7624B  Lords Group Trading PLC  01 February 2024

1 February 2024

 

Lords Group Trading plc

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

 

Director/PDMR Shareholding

 

Lords, a leading distributor of building materials in the UK, announces that
it has today been notified that, on 30 January 2024, Gary O'Brien, the
Company's Non-Executive Chairman, purchased 92,600 ordinary shares in the
Company at a price of 54.0 pence per ordinary shares through his personal
pension scheme.

 

As a result, Mr. O'Brien is now beneficially interested in an aggregate of
229,442 ordinary shares in the Company, representing 0.14 per cent. of the
Company's issued ordinary share capital.

 

The notification below, made in accordance with the UK 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

 Cavendish Capital Markets                                        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 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) .

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Cepacs Pension Scheme

 2    Reason for the notification
 a)   Position/status                                              PCA of Gary O'Brien, Non-Executive Chairman

 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  Ordinary Shares of 1 pence each

      Identification code                                          GB00BM9CLS53
 b)   Nature of the transaction                                    Purchase of Ordinary Shares

 c)   Price(s) and volume(s)

Price(s)    Volume(s)
                                                                   54.0 pence  92,600

 

 d)   Aggregated information                                        N/A single transaction

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      30 January 2024

 f)   Place of the transaction                                     AIMX

 

 

d)

Aggregated information

- Aggregated volume

- Price

 N/A single transaction

 

e)

Date of the transaction

30 January 2024

 

f)

Place of the transaction

AIMX

 

 

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