Appointment of Joint Corporate Broker

RNS Number : 8149I

Lords Group Trading PLC

21 April 2022

 

For immediate release

21 April 2022

Lords Group Trading plc

('Lords', the 'Company' or the 'Group')

Appointment of Joint Corporate Broker

Lords, a leading distributor of building materials in the UK, is pleased to announce the appointment of Berenberg as joint corporate broker, to work alongside Cenkos Securities, with immediate effect.

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FOR FURTHER ENQUIRIES:

Lords Group Trading plc	Via Buchanan
Shanker Patel, Chief Executive Officer	Tel: [phone]
Chris Day, Chief Financial Officer
Cenkos Securities plc (Nominated Adviser & Joint Corporate Broker)	Tel: [phone]
Ben Jeynes / Max Gould / Dan Hodkinson (Corporate Finance)
Alex Pollen (Sales)
Berenberg (Joint Corporate Broker)	Tel: [phone]
Matthew Armitt / Richard Bootle / Ciaran Walsh
Buchanan Communications	Tel: [phone]
Henry Harrison-Topham / Stephanie Whitmore / Kim Looringh-van Beeck / Kiki Norman	[e-mail]

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 30 locations in the UK.

·   Heating and Plumbing: a specialist distributor in the UK of heating and plumbing 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 15 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 45 sites.  Lords aims to become a £500 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 .

 

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