Lords Group Trading PLC Block Admission Update
August 06 2024 - 1:00AM
RNS Regulatory News
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
|
+44 (0) 20 7583 8304
|
|
|
|
| |
FOR FURTHER
ENQUIRIES:
Lords Group
Trading plc
|
Via Burson
Buchanan
|
Shanker Patel, Chief Executive
Officer
Stuart Kilpatrick, Chief Financial
Officer
|
Tel: +44 (0) 20 7466 5000
|
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 and ECM)
|
|
Berenberg
Joint
Broker
Matthew Armitt / Richard Bootle / 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 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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END
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