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RNS Number : 2347Z Lords Group Trading PLC 06 August 2024
6 August 2024
Lords Group Trading plc
('Lords' or the 'Company')
Block Admission Update
Lords, a leading distributor of building materials in the UK, provides an
update in relation to the Company's block admission arrangements (the 'Block
Admission') in respect of new ordinary shares of £0.005 pence each ('Ordinary
Shares') which may be issued as a result of exercises of existing options to
subscribe for new Ordinary Shares pursuant to the Company's 2021 Deferred
Bonus Plan.
Block Admission Interim Review
Pursuant to Rule 29 of, and Schedule Six to, the AIM Rules for Companies, the
Company provides the following notification regarding its Block Admission.
Name of applicant: Lords Group Trading plc
Name of scheme: Nil cost options awarded to employees of the Company to subscribe for new
Ordinary Shares in the Company in respect of the Company's 2021 Deferred Bonus
Plan (the 'Awards'). The granting of the Awards was announced by the Company
on 29 November 2023.
Period of return: From: 05.02.2024 To: 05.08.2024
Balance of unallotted securities under scheme(s) from previous return: 388,604 Ordinary Shares
Plus: The amount by which the block scheme(s) has been increased since the Nil
date of the last return (if any increase has been applied for):
Less: Number of securities issued/allotted under scheme(s) during period: 75,002
Equals: Balance under scheme(s) not yet issued/allotted at end of period: 313,602 Ordinary Shares
Number and class of securities originally admitted and the date of admission: 388,604 Ordinary Shares - 5 February 2024
Name of Contact: Stuart Kilpatrick
Telephone Number of Contact +44 (0) 20 7583 8304
FOR FURTHER ENQUIRIES:
Lords Group Trading plc Via Burson Buchanan
Shanker Patel, Chief Executive Officer Tel: +44 (0) 20 7466 5000
Stuart Kilpatrick, Chief Financial Officer
Cavendish Capital Markets Limited Tel: +44 (0) 20 7220 0500
Nominated Adviser and Joint Broker
Ben Jeynes / Dan Hodkinson (Corporate Finance)
Julian Morse / Henry Nicol / Charlie Combe (Sales and ECM)
Berenberg Tel: +44 (0) 20 3207 7800
Joint Broker
Matthew Armitt / Richard Bootle / Detlir Elezi
Burson Buchanan Tel: +44 (0) 20 7466 5000
Henry Harrison-Topham / Steph Whitmore / Abby Gilchrist 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 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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