REG - Lords Group Trading - Dividend Timetable

Lords TradingAnnouncement

03/05/2023 11:00

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RNS Number : 2768Y  Lords Group Trading PLC  03 May 2023

3 May 2023

 

Lords Group Trading plc

 

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

 

Dividend Timetable

 

Lords, a leading distributor of building materials in the UK, announces that
further to the release of the Company's full year results today, information
on the Company's full year 2022 dividend timetable.

 

Having paid an interim dividend of 0.67 pence per share in October 2022, the
Group has proposed a final dividend of 1.33 pence per share, to give a total
for the year of 2.00 pence, representing an increase of 5.8% on total
dividends paid in 2021.  The final dividend is subject to ratification by
shareholders at the upcoming AGM.

 

The final dividend will be paid on 27 June 2023, to shareholders on the
register at the close of business on 26 May 2023.

 

 

 

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 (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 / 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 30 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 45 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/) .

 

 

 

 

 

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