Regulatory News
Director/PDMR Shareholding
01 February 2024
Lords, a leading distributor of building materials in the UK, announces that it has today been notified that, on 30 January 2024, Gary O'Brien, the Company's Non-Executive Chairman, purchased 92,600 ordinary shares in the Company at a price of 54.0 pence per ordinary shares through his personal pension scheme.
As a result, Mr. O'Brien is now beneficially interested in an aggregate of 229,442 ordinary shares in the Company, representing 0.14 per cent. of the Company's issued ordinary share capital.
The notification below, made in accordance with the UK Market Abuse Regulation, provides further details.
FOR FURTHER ENQUIRIES:
Lords Group Trading plc | Via Buchanan |
Shanker Patel, Chief Executive Officer Chris Day, Chief Financial Officer and Chief Operating Officer | Tel: +44 (0) 20 7466 5000 |
Cavendish Capital Markets Nominated Adviser and Joint Broker | Tel: +44 (0)20 7220 0500 |
Ben Jeynes Dan Hodkinson (Corporate Finance) | |
Julian Morse / Henry Nicol / Charlie Combe (Sales and ECM) |
Berenberg Joint Broker Matthew Armitt / Richard Bootle / Detlir Elezi
| Tel: +44 (0)20 3207 7800 |
Buchanan Communications | Tel: +44 (0) 20 7466 5000 |
Henry Harrison-Topham / Steph Whitmore / Abby Gilchrist
|
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 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.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Cepacs Pension Scheme | ||||
2 | Reason for the notification | |||||
a) | Position/status | PCA of Gary O'Brien, Non-Executive Chairman | ||||
b) | Initial notification /Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Lords Group Trading plc | ||||
b) | LEI | 9845009A4D87F1CE5145 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a)
| Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 1 pence each
| ||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A single transaction
| ||||
e) | Date of the transaction | 30 January 2024 | ||||
f) | Place of the transaction | AIMX | ||||