TIDMLORD

RNS Number : 6636Y

Lords Group Trading PLC

07 September 2022

 
 For immediate release   7 September 2022 
 

Lords Group Trading plc

("Lords" or the "Company")

Director/PDMR Transaction

Lords, a leading distributor of building materials in the UK, announces that it has today been notified by Shanker Patel, the Company's Chief Executive Officer, that on 7 September 2022 children of and therefore two persons closely associated ("PCA") with Shanker Patel, purchased an aggregate of 17,791 ordinary shares in the Company at a price of 73 pence per ordinary share.

As a result, Shanker Patel is now interested, together with his children and related entities and trusts, in a maximum of an aggregate of 53,282,925* ordinary shares in the Company, representing 32.8 per cent. of the Company's issued ordinary share capital. The members of the Lords concert party collectively hold 83,997,266 ordinary shares, representing 51.7 per cent. of the Company's issued share capital.

The notifications below, which are made in accordance with the Market Abuse Regulation, provide further details.

*including a potential interest in a conditional gift of 6,296,250 ordinary shares to Shanker Patel from a member of the concert party. Subject to the satisfaction of conditions to the gift, the gift may become unconditional on 24 June 2023.

- Ends -

FOR FURTHER ENQUIRIES:

 
 Lords Group Trading plc                                     Via Buchanan 
 Shanker Patel, Chief Executive Officer              Tel: +44 (0) 20 7466 
                                                                     5000 
 Chris Day, Chief Financial Officer 
 
 Cenkos Securities plc (Nominated Adviser             Tel: +44 (0)20 7397 
  and Joint Broker)                                                  8900 
 Ben Jeynes / Max Gould / Dan Hodkinson (Corporate 
  Finance) 
 Alex Pollen (Sales) 
 
 Berenberg (Joint Broker)                             Tel: +44 (0)20 3207 
  Matthew Armitt / Richard Bootle / Ciaran                           7800 
  Walsh 
 Buchanan Communications                             Tel: +44 (0) 20 7466 
                                                                     5000 
 Henry Harrison-Topham / Stephanie Whitmore/          LGT@buchanan.uk.com 
  Kim Looringh-van Beeck / Abby Gilchrist 
 

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of the Market Abuse Regulation.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                        a) Suri Usha Patel 
                                                   b) Nehru Shanker Patel 
     -------------------------------  ----------------------------------------------- 
 2    Reason for notification 
     -------------------------------  ----------------------------------------------- 
 a)   Position/Status                       a) PCA of Shanker Patel, Chief Executive 
                                             Officer 
                                             b) PCA of Shanker Patel, Chief Executive 
                                             Officer 
     -------------------------------  ----------------------------------------------- 
 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                    a) Ordinary shares 
       financial instrument,                 b) Ordinary shares 
       type of instrument                    ISIN: GB00BM9CLS53 
       and identification 
       code 
     -------------------------------  ----------------------------------------------- 
 b)   Nature of transaction                       a) Purchase of Ordinary shares 
                                                   b) Purchase of Ordinary shares 
     -------------------------------  ----------------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)       Volume(s) 
                                          a) 73 pence    a) 7,526 
                                           b) 73 pence    b) 10,265 
     -------------------------------  ----------------------------------------------- 
 d)   Aggregated information            n/a 
     -------------------------------  ----------------------------------------------- 
 e)   Date of transaction 
                                              a) 7 September 2022 
                                              b) 7 September 2022 
     -------------------------------  ----------------------------------------------- 
 f)   Place of transaction             AIM 
     -------------------------------  ----------------------------------------------- 
 

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END

DSHZDLFBLKLXBBB

(END) Dow Jones Newswires

September 07, 2022 10:33 ET (14:33 GMT)

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