5 March 2025
Lords Group Trading
plc
('Lords',
the 'Group' or the 'Company')
Issue of
Equity
Further to the Company's
announcement of 23 May 2024, Lords, a leading distributor of
building materials in the UK, announces that it has today made
application for 255,319 new ordinary shares in the Company in
respect of the February 2025 deferred consideration due to the
Managing Director of A.W. Lumb (the 'Vendor').
Deferred Consideration share
issuances to the Vendor, each of 255,319 new ordinary shares in the
Company, will occur in February 2026 and February 2027. Remaining
Acquisition deferred consideration payable to other Acquisition
vendors of an aggregate of £480,000 will remain payable in equal
cash annual amounts through to February 2027.
Accordingly, an application has been
made for the New Ordinary Shares to be admitted to trading on the
AIM Market of the London Stock Exchange ('Admission'), and it is
expected that Admission will occur at 8.00 a.m. on 7 March 2025.
The New Ordinary Shares will rank pari passu with the existing
ordinary shares in issue. Following Admission of the New Ordinary
Shares, the Company's issued ordinary share capital will comprise
166,180,692 ordinary shares, none of which are held in
treasury.
Therefore, following Admission of
the New Ordinary Shares, the total number of ordinary shares with
voting rights in the Company will be 166,180,692, which may be used
by Shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change to their interest in, the Company under the
Financial Conduct Authority's Disclosure Guidance and Transparency
Rules.
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
(Nominated Adviser and Joint
Broker)
|
Tel: +44 (0)20 7220 0500
|
|
Ben Jeynes / Dan Hodkinson (Corporate
Finance)
|
|
|
Julian Morse / Henry Nicol /
Charlie Combe (Sales/ECM)
|
|
|
Berenberg (Joint
Broker)
Matthew Armitt / Harry Nicholas /
Detlir Elezi
|
Tel: +44 (0)20 3207 7800
|
|
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 32 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 16 locations enabling nationwide next day
delivery service.
For additional information please
visit www.lordsgrouptradingplc.co.uk
