REG - Lords Group Trading - Result of AGM

Lords TradingAnnouncement

20/06/2024 16:00

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RNS Number : 2767T  Lords Group Trading PLC  20 June 2024

20 June 2024

 

Lords Group Trading plc

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

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
Cavendish, 1 Bartholomew Close, London, EC1A 7BL, 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 for      %                  Votes against  %                   Votes withheld
 Resolution 1 (Ordinary)                                                          114,468,309    99.97              32,245         0.03                0

 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)                                                          114,468,309    99.97              32,245         0.03                0

 To declare a final dividend of 1.33 pence per ordinary share for the financial
 year ended 31 December 2023.
 Resolution 3 (Ordinary)                                                          114,463,421    99.97              32,665         0.03                4,468

 To re-elect Andrew Harrison as a director of the Company.
 Resolution 4 (Ordinary)                                                          114,463,421    99.97              32,665         0.03                4,468

 To elect Stuart Kilpatrick as a director of the Company.
 Resolution 5 (Ordinary)                                                          114,463,421    99.97              32,665         0.03                4,468

 To elect Sheena Mackay as a director of the Company.
 Resolution 6 (Ordinary)                                                          114,463,421    99.97              32,665         0.03                4,468

 To re-elect Gary O'Brien as a director of the Company.
 Resolution 7 (Ordinary)                                                          114,467,889    99.97              32,665         0.03                0

 To re-elect Shanker Patel as a director of the Company.
 Resolution 8 (Ordinary)                                                          114,450,421    99.96              45,665         0.04                4,468

 To re-appoint RSM UK Audit LLP as auditor of the Company.
 Resolution 9 (Ordinary)                                                          114,467,889    99.97              32,665         0.03                0

 To authorise the Directors to determine the fees payable to the auditor.
 Resolution 10 (Ordinary)                                                         107,681,279    94.04              6,819,275      5.96                0

 To authorise the Directors to allot Equity Securities.
 Resolution 11 (Special)                                                          107,656,811    94.03              6,839,275      5.97                4,468

 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)                                                          107,656,811    94.03              6,839,275      5.97                4,468

 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 2024, there were 165,878,960 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.

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 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 / 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

 Buchanan Communications                                  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 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.

 

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