REG - Lords Group Trading - Result of Annual General Meeting

Lords TradingAnnouncement

20/06/2025 17:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250620:nRST8433Na&default-theme=true

RNS Number : 8433N  Lords Group Trading PLC  20 June 2025

20 June 2025

 

Lords Group Trading plc

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

 

Result of Annual General Meeting

 

The Annual General Meeting of Lords Group Trading plc was held at the offices
of Cavendish at 1 Bartholomew Close, London, EC1A 7BL on 20 June 2024 at 1:00
p.m. (BST).

 

All 12 resolutions put to members were passed on a poll. Resolutions 1 to 10
were passed as ordinary resolutions and resolutions 11 and 12 were passed as
special resolutions.

 

The number of votes cast for and against each of the resolutions proposed, and
the number of votes withheld were as follows:

 

  Resolution                                                                      Votes        %        Votes against  %      Votes withheld

                                                                                  for
 Resolution 1 (Ordinary)                                                          115,419,473  99.99%   10,420         0.01%  285

 To receive the Annual Report and Accounts of the Company for the financial
 year ended 31 December 2023 together with the Directors' reports and auditor's
 report on those accounts.
 Resolution 2 (Ordinary)                                                          115,429,473  100.00%  0              0.00%  705

 To declare a final dividend of 1.33 pence per ordinary share for the financial
 year ended 31 December 2023.
 Resolution 3 (Ordinary)                                                          115,409,473  99.98%   20,420         0.02%  285

 To re-elect Andrew Harrison as a director of the Company.
 Resolution 4 (Ordinary)                                                          115,409,473  99.98%   20,420         0.02%  285

 To elect Stuart Kilpatrick as a director of the Company.
 Resolution 5 (Ordinary)                                                          115,409,473  99.98%   20,420         0.02%  285

 To elect Sheena Mackay as a director of the Company.
 Resolution 6 (Ordinary)                                                          115,409,473  99.98%   20,420         0.02%  285

 To re-elect Gary O'Brien as a director of the Company.
 Resolution 7 (Ordinary)                                                          115,409,473  99.98%   20,420         0.02%  285

 To re-elect Shanker Patel as a director of the Company.
 Resolution 8 (Ordinary)                                                          115,314,216  99.91%   105,677        0.09%  10,285

 To re-appoint RSM UK Audit LLP as auditor of the Company.
 Resolution 9 (Ordinary)                                                          115,409,473  99.99%   10,420         0.01%  10,285

 To authorise the Directors to determine the fees payable to the auditor.
 Resolution 10 (Ordinary)                                                         108,530,880  94.02%   6,899,013      5.98%  285

 To authorise the Directors to allot Equity Securities.
 Resolution 11 (Special)                                                          108,333,625  93.85%   7,096,268      6.15%  285

 That, subject to Resolution 10, the Directors be authorised to allot Equity
 Securities for cash as if section 561 of the CA 2006 did not apply.
 Resolution 12 (Special)                                                          108,335,625  93.85%   7,094,268      6.15%  285

 That, subject to Resolution 10 and in addition to 11, the Directors be
 authorised to allot Equity Securities for cash as if section 561 of the  CA
 2006 did not apply.

 

As at 20 June 2025, there were 166,207,885ordinary 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.

 

The full text of each resolution is available in the Notice of Annual General
Meeting, published on our website.

 

- Ends -

 

FOR FURTHER ENQUIRIES:

 

 Lords Group Trading plc                                   Via Burson Buchanan
 Gary O'Brien, Non-Executive Chairman                      Tel: +44 (0) 20 7466 5000

 Shanker Patel, Chief Executive Officer

 Cavendish Capital Markets                                 Tel: +44 (0) 20 7220 0500

 Nominated Adviser and Joint Broker
 Ben Jeynes / Hamish Waller (Corporate Finance)
 Julian Morse / Matt Lewis / Henry Nichol (Sales and ECM)

 

 Berenberg                                                Tel: +44 (0) 20 3207 7800

 Joint Broker

 Harry Nicholas / Detlir Elezi

 Burson Buchanan                                          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 32 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 40 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 50 sites.

 

Lords was admitted to trading on AIM in July 2021 with the ticker LORD.L.
For additional information please visit www.lordsgrouptradingplc.co.uk.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  RAGURVVRVSUNUAR