REG - Lords Group Trading - Result of AGM

Lords TradingAnnouncement

20/06/2023 14:30

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RNS Number : 3368D  Lords Group Trading PLC  20 June 2023

 For immediate release  20 June 2023

 

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 7 8 Tokenhouse Yard, London EC2R 7AS, all 11
resolutions put to members were passed on a poll.  Resolutions 1 to 9 were
passed as ordinary resolutions and resolutions 10 and 11 were passed as
special resolutions.

 

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

 

 Resolution                                                                     Votes for    %      Votes against  %     Votes withheld
 Resolution 1 (Ordinary)                                                        116,664,000  100    0              0.00  0

 To receive the reports of the Directors and the Financial Statements for the
 year ended 31 December 2022.
 Resolution 2 (Ordinary)                                                        116,663,580  99.99  420            0.01  0

 To re-elect Shanker Patel as a Director.
 Resolution 3 (Ordinary)                                                        116,661,417  99.99  2,583          0.01  0

 To re-elect Christopher Day as a Director.
 Resolution 4 (Ordinary)                                                        116,661,417  99.99  2,583          0.01  0

 To re-elect Gary O'Brien as a Director.
 Resolution 5 (Ordinary)                                                        116,661,417  99.99  2,583          0.01  0

 To re-elect Andrew Harrison as a Director.
 Resolution 6 (Ordinary)                                                        116,664,000  100    0              0.00  0

 To declare a final dividend for the 12 months ended 31 December 2022 and to
 ratify the payment of the dividend for the 12 months ended 31 December 2021.
 Resolution 7 (Ordinary)                                                        116,664,000  100    0              0.00  0

 To re-appoint RSM UK Audit LLP as auditor of the Company.
 Resolution 8 (Ordinary)                                                        116,664,000  100    0              0.00  0

 To authorise the Directors to determine the fees payable to the auditor.

 

 Resolution 9 (Ordinary)                                                      109,608,580    93.95  7,055,420  6.05  0

 To authorise the Directors to allot equity securities.
 Resolution 10 (Special)                                                      109,608,580    93.95  7,055,420  6.05  0

 That, subject to Resolution 9, the Directors be authorised to allot equity
 securities for cash as if section 561 of the Act did not apply.
 Resolution 11 (Special)                                                      109,608,580    93.95  7,055,420  6.05  0

 That, subject to Resolution 9 and in addition to 10, the Directors be
 authorised to allot equity securities for cash as if section 561 did not
 apply.

 

As at 20 June 2023, there were 165,532,849 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 and Chief Operating 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 / Detlir Elezi

 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 26 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 42 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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