Lords Group Trading PLC Award of Options under LTIP and PDMR Dealing (9862M)
2023年9月20日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMLORD
RNS Number : 9862M
Lords Group Trading PLC
20 September 2023
For immediate release 20 September 2023
Lords Group Trading plc
('Lords', the 'Group' or the 'Company')
Award of Options under LTIP and PDMR Dealing
Lords, a leading distributor of building materials in the UK,
announces that the Group's Remuneration Committee has approved the
award of nil cost options over an aggregate of 276,073 new ordinary
shares of 0.5 pence each in the Company ('Ordinary Shares') under
the terms of the Company's Long Term Incentive Plan ('LTIP Award')
to Chris Day, the Company's Chief Financial Officer and Chief
Operating Officer. The LTIP Award will replace the expired award
granted to Chris Day under the Long Term Incentive Plan that was in
place at the time of the Group's IPO.
Award Performance Conditions
In line with the recognition of the importance of aligning
Lord's management team with the success of the Group in the medium
and long-term, the LTIP Award is subject to the following
performance conditions, subject to Remuneration Committee
discretion:
The performance targets attached to the LTIP Award are based on
adjusted earnings per share and total shareholder return over a
three-year performance period from 1 January 2023 to 31 December
2025.
The Remuneration Committee has discretion to amend these terms
to ensure that any performance targets remain appropriate.
Change of Name of Nominated Adviser and Broker
The Company also announces that its Nominated Adviser and Broker
has changed its name to Cavendish Securities plc following
completion of its own corporate merger.
- 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
Cavendish Securities plc (Nominated Adviser Tel: +44 (0)20 7397
and Joint Broker) 8900
Ben Jeynes / Dan Hodkinson (Corporate Finance)
Julian Morse / Henry Nicol (Sales)
Berenberg (Joint Broker) Tel: +44 (0)20 3207
Matthew Armitt / Richard Bootle / Detlir 7800
Elezi
Buchanan Communications Tel: +44 (0) 20 7466
5000
Henry Harrison-Topham / Stephanie Whitmore 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 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 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 Chris Day
------------------------------- -----------------------------------------
2 Reason for notification
------------------------------- -----------------------------------------
a) Position/Status CFO and COO
------------------------------- -----------------------------------------
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 Nil cost share options
financial instrument, ISIN: GB00BM9CLS53
type of instrument
and identification
code
------------------------------- -----------------------------------------
b) Nature of transaction Conditional award of new ordinary shares
pursuant to Lords Group LTIP
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 276,073
------------------------------- -----------------------------------------
d) Aggregated information N/A
------------------------------- -----------------------------------------
e) Date of transaction [20/09/2023 ]
------------------------------- -----------------------------------------
f) Place of transaction Outside of a trading venue
------------------------------- -----------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHSFWFUUEDSELU
(END) Dow Jones Newswires
September 20, 2023 02:00 ET (06:00 GMT)
Lords Group Trading (LSE:LORD)
過去 株価チャート
から 3 2024 まで 4 2024
Lords Group Trading (LSE:LORD)
過去 株価チャート
から 4 2023 まで 4 2024