Lords Group Trading PLC Block Admission Update

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 date of the last return (if any increase has been applied for):		Nil
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		[phone]

 

FOR FURTHER ENQUIRIES:

 

Lords Group Trading plc	Via Burson Buchanan
Shanker Patel, Chief Executive Officer Stuart Kilpatrick, Chief Financial Officer	Tel: [phone]
Cavendish Capital Markets Limited Nominated Adviser and Joint Broker	Tel: [phone]
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: [phone]
Burson Buchanan	Tel: [phone]
Henry Harrison-Topham / Steph Whitmore / Abby Gilchrist	[e-mail]

 

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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