REG - Lords Group Trading - Director/PDMR Transaction

Lords TradingAnnouncement

05/11/2024 07:00

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RNS Number : 8758K  Lords Group Trading PLC  05 November 2024

      5 November 2024

 

Lords Group Trading plc

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

 

Director/PDMR Transaction

 

Lords, a leading distributor of building, plumbing and heating materials in
the UK, announces that it has been informed that on 4 November 2024, Steve
Durdant-Hollamby, the Chief Operating Officer ('COO') of the Group's
Merchanting division, purchased 52,605 ordinary shares in the Company at a
price of 37.4 pence per ordinary share.

 

Steve Durdant-Hollamby joined Lords on 4 November 2024 as the COO of its
Merchanting division.  Steve brings with him 26 years of industry experience,
having held leadership positions in major building material companies spanning
across merchanting and manufacturing. Most recently Steve served as Divisional
Managing Director at Genuit Group Plc (Polypipe). In his new role, Steve will
lead Lords Builders Merchants, Advance Roofing, Condell, George Lines, and
Hevey brands, while partnering with Shanker Patel, CEO of Lords.  This
appointment is a key part of the Group's strategy to expand its Merchanting
division and grow the business over the next few years.

 

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                                                                            Steve Durdant-Hollamby
 2   Reason for notification
 a)  Position/Status                                                                 Chief Operating Officer, Merchanting division (PDMR)
 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   Volume
                                                                                     £0.374   52,605
 d)  Aggregated information                                                           n/a
 e)  Date of transaction                                                             4 November 2024

 f)  Place of transaction                                                            AIM

d)

Aggregated information

 n/a

e)

Date of transaction

4 November 2024

 

f)

Place of transaction

AIM

 

- Ends -

 

FOR FURTHER ENQUIRIES:

                                                             Via Burson Buchanan

 Lords Group Trading plc
 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 and ECM)

 

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

 Matthew Armitt / Richard Bootle / Detlir Elezi

 Burson Buchanan                                              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.

 

 

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