REG - Lords Group Trading - Block Admission Update

Lords TradingAnnouncement

06/08/2024 07:00

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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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