REG - Lords Group Trading - Notice of FY23 Trading Update

Lords TradingAnnouncement

12/01/2024 07:00

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RNS Number : 4496Z  Lords Group Trading PLC  12 January 2024

12 January 2024

 

Lords Group Trading plc

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

 

Notice of FY23 Trading Update

 

Presentation via Investor Meet Company

 

Lords, a leading distributor of building materials in the UK, announces that
it will issue a scheduled FY23 Trading Update for the year ended 31 December
2023 on Wednesday, 24 January 2024.

 

The Group also announces that it will be presenting via the Investor Meet
Company platform on Wednesday, 24 January 2024 at 9am (GMT). The presentation
will enable existing and prospective investors the opportunity to listen to
management discuss the Group's FY23 Trading Update.

 

It will be hosted by Shanker Patel (CEO) and Chris Day (CFO and COO), and
there will be an opportunity for Q&A at the end of the meeting.
Questions can be submitted pre-event via the Investor Meet Company dashboard
up until 9am the day before the meeting or at any time during the live
presentation.

 

To sign up to the Lords presentation via Investor Meet Company please click
the following link:
https://www.investormeetcompany.com/lords-group-trading-plc/register-investor
(https://www.investormeetcompany.com/lords-group-trading-plc/register-investor)

 

Investors who already follow Lords on the Investor Meet Company platform will
automatically be invited.

 

- 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 (Nominated Adviser and Joint Broker)   Tel: +44 (0)20 7220 0500
 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

 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/) .

 

 

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