REG - Lords Group Trading - Result of AGM

Lords TradingAnnouncement

29/06/2022 16:00

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RNS Number : 6937Q  Lords Group Trading PLC  29 June 2022

 For immediate release  29 June 2022

 

Lords Group Trading plc

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

 

Result of AGM

 

Lords, a leading distributor of building materials in the UK, announces that
at its Annual General Meeting ('AGM') held at 1.00pm today at the offices of
Cenkos Securities at 6-8 Tokenhouse Yard, London EC2R 7AS, all 11 resolutions
put to members were passed on a poll.  Resolutions 1 to 10 were passed as
ordinary resolutions and resolution 11 was passed as a special resolution.

 

The results of the poll (including proxy votes) were as follows:

 

 Resolution                                                                    Votes for     %      Votes against  %     Votes withheld
 Resolution 1 (Ordinary)                                                                     100    0              0     0

 To receive the Company's audited accounts for the financial period ended 31   116,305,241
 December 2021.

 Resolution 2 (Ordinary)                                                       116,302,821   100    2,420          0     0

 To approve the report on Directors' remuneration for the year ended 31
 December 2021.
 Resolution 3 (Ordinary)                                                       116,302,821   100    2,420          0     0

 To re-elect Shanker Patel as a Director.
 Resolution 4 (Ordinary)                                                       116,304,821   100    420            0     0

 To re-elect Christopher Day as a Director.
 Resolution 5 (Ordinary)                                                       116,304,821   100    420            0     0

 To re-elect Gary O'Brien as a Director.
 Resolution 6 (Ordinary)                                                       116,302,821   100    2,420          0     0

 To re-elect Dawn Moore as a Director.
 Resolution 7 (Ordinary)                                                       116,304,821   100    420            0     0

 To re-elect Andrew Harrison as a Director.
 Resolution 8 (Ordinary)                                                       116,305,241   100    0              0     0

 To re-appoint RSM UK Audit LLP as auditor of the Company.
 Resolution 9 (Ordinary)                                                       116,305,241   100    0              0     0

 To authorise the Directors to determine the fees payable to the auditor.
 Resolution 10 (Ordinary)                                                      109,249,821   93.93  7,055,420      6.07  0

 Authorisation to allot and issue all relevant securities up to an aggregate
 nominal value equivalent to one third of the issued share capital of the
 Company.
 Resolution 11 (Special)                                                       109,247,821   93.93  7,057,420      6.07  0

 Authorisation to allot equity securities for cash otherwise than on a
 pre-emptive basis.

 

As at 29 June 2022, there were 158,524,872 ordinary shares in issue.
 Shareholders are entitled to one vote per share. Votes withheld are not
votes in law and so have not been included in the calculation of the
proportion of votes for and against a resolution.

 

- 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
 Gilchrist

 

 

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 15 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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