TIDMLORD
RNS Number : 9375Z
Lords Group Trading PLC
18 May 2023
18 May 2023
Lords Group Trading plc
('Lords', the 'Group' or the 'Company')
Director/PDMR Dealings and Holding(s) in Company
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 18 May 2023 his related
entities purchased an aggregate of 538,461 ordinary shares in the
Company at a price of 65 pence per ordinary share.
In addition, the Company has also been notified that on 18 May
2023 Andrew Harrison, a Group non-executive Director, and persons
closely associated with him, purchased in aggregate 230,770
ordinary shares at a price of 65 pence per ordinary share.
Shanker Patel's purchases have been conducted via the purchase
of 384,615 ordinary shares by a pension fund which is controlled by
Shanker Patel and other members of the Lords' concert party, and by
the purchase of an additional 153,846 ordinary shares by a pension
fund which is controlled by a Rachna Patel, a personal closely
associated with Shanker. Details of the Lords concert party are
described in full in the Company's 2021 AIM Admission Document.
As a result, Shanker Patel is now interested, together with his
children and related entities and trusts, in a maximum of an
aggregate of 53,821,386* ordinary shares in the Company,
representing 32.5 per cent. of the Company's issued ordinary share
capital. The members of the Lords' concert party collectively hold
84,535,727 ordinary shares, representing 51.1 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.
The Company has also notified that Allan Pierce sold 1,226,950
ordinary shares in the Company and now holds 17,890,860 ordinary
shares, representing 10.8% of the Company's issued ordinary share
capital.
*including a potential interest in a conditional gift of
6,296,250 ordinary shares to Shaker Patel from a member of the
Lords concert party. Subject to the satisfaction of conditions to
the gift, the gift may become unconditional on 24 June 2024.
- 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 and
Chief Operating Officer
Cenkos Securities plc (Nominated Adviser Tel: +44 (0)20
and Joint Broker) 7397 8900
Ben Jeynes / Max Gould / Dan Hodkinson
(Corporate Finance)
Alex Pollen (Sales)
Berenberg (Joint Broker) Tel: +44 (0)20
Matthew Armitt / Richard Bootle / Detlir 3207 7800
Elezi
Buchanan Communications Tel: +44 (0) 20
7466 5000
Henry Harrison-Topham / Jamie Hooper / LGT@buchanan.uk.com
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 26 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.
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 42
sites. Lords aims to become a GBP500 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 .
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 1. Lords SSAS
2. Rachna Dewan
3. Andrew Harrison
4. Ruth Harrison
------------------------------- ----------------------------------------------------
2 Reason for notification
------------------------------- ----------------------------------------------------
a) Position/Status 1. PCA of Shanker Patel, Chief Executive
Officer
2. PCA of Shanker Patel, Chief Executive
Officer
3. Non-Executive Director
4. PCA of Andrew Harrison, Non-Executive
Director
------------------------------- ----------------------------------------------------
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, ISIN: GB00BM9CLS53
type of instrument
and identification
code
------------------------------- ----------------------------------------------------
b) Nature of transaction Purchase of ordinary shares
------------------------------- ----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. 65 pence 1. 384,615
2. 65 pence 2. 153,846
3. 65 pence 3. 115,385
4. 65 pence 4. 115,385
------------------------------- ----------------------------------------------------
d) Aggregated information n/a
------------------------------- ----------------------------------------------------
e) Date of transaction 1. 18 May 2023
2. 18 May 2023
3. 18 May 2023
4. 18 May 2023
------------------------------- ----------------------------------------------------
f) Place of transaction AIMX
------------------------------- ----------------------------------------------------
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END
DSHDZGMKDRZGFZM
(END) Dow Jones Newswires
May 18, 2023 10:46 ET (14:46 GMT)
Lords Group Trading (LSE:LORD)
過去 株価チャート
から 4 2024 まで 5 2024
Lords Group Trading (LSE:LORD)
過去 株価チャート
から 5 2023 まで 5 2024
