REG - Lords Group Trading - Director/PDMR Transaction

Lords TradingAnnouncement

01/07/2022 12:45

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RNS Number : 0508R  Lords Group Trading PLC  01 July 2022

 For immediate release  1 July 2022

 

 

Lords Group Trading plc

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

 

Director/PDMR Transaction

 

Lords, a leading distributor of building materials in the UK, announces that
it has today been notified by Shanker Patel, the Company's Chief Executive
Officer, that on 1 July 2022 his related entities purchased an aggregate of
986,843 ordinary shares in the Company at a price of 73 pence per ordinary
share.

 

Shanker Patel's purchases have been conducted via the purchase of 657,895
ordinary shares by a personal investment company controlled by Shanker Patel,
and by the purchase of an additional 328,948 ordinary shares by a pension fund
which is controlled by Shanker Patel and other members of the Lords concert
party. Details of the Lords concert party are described in full in the
Company's AIM Admission Document.

 

As a result, Shanker Patel is now interested, together with his children and
related entities and trusts, in a maximum of an aggregate of 53,265,134*
ordinary shares in the Company, representing 32.8 per cent. of the Company's
issued ordinary share capital. The members of the Lords concert party
collectively hold 83,979,475 ordinary shares, representing 51.7 per cent. of
the Company's issued share capital.

 

The Company has also been notified that on 1 July 2022 Chris Day, Lords' Chief
Financial Officer, and a PDMR of the Company each sold 924,658 ordinary shares
at a price of 73 pence per ordinary share. The notifications below, which are
made in accordance with the Market Abuse Regulation, provide further details.

 

*including a potential interest in a conditional gift of 6,296,250 ordinary
shares to Shanker Patel from a member of the concert party. Subject to the
satisfaction of conditions to the gift, the gift may become unconditional on
24 June 2023.

 

- 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 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 / Ciaran Walsh

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

 

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.    RNS Assets Limited

                                                                                     2.    Lords SSAS

                                                                                     3.    Chris Day

                                                                                     4.    Tim Holton
 2   Reason for notification
 a)  Position/Status                                                                 1.     PCA of Shanker Patel, Chief Executive Officer

                                                                                     2.     PCA of Shanker Patel, Chief Executive Officer

                                                                                     3.     Chief Financial Officer

                                                                                     4.     Group Acquisition and Integration Director
 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                                                           1.    Purchase of ordinary shares

                                                                                     2.    Purchase of ordinary shares

                                                                                     3.    Sale of ordinary shares

                                                                                     4.    Sales of ordinary shares

 c)  Price(s) and volume(s)                                                           Price(s)           Volume(s)
                                                                                     1.    73 pence      1.    657,896

                                                                                     2.    73 pence      2.    328,948

                                                                                     3.    73 pence      3.    924,658

                                                                                     4.    73 pence      4.    924,658
 d)  Aggregated information                                                           n/a

 e)  Date of transaction                                                             1.    1 July 2022

                                                                                     2.    1 July 2022

                                                                                     3.    1 July 2022

                                                                                     4.    1 July 2022

 f)  Place of transaction                                                            AIM

d)

Aggregated information

 n/a

 

e)

Date of transaction

1.    1 July 2022

2.    1 July 2022

3.    1 July 2022

4.    1 July 2022

 

f)

Place of transaction

AIM

 

 

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