Deferred BPA and Director/PDMR Dealing

RNS Number : 9980M

Lords Group Trading PLC

27 May 2022

 

For immediate release

27 May 2022

Lords Group Trading plc

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

Deferred Bonus Plan Awards Issuance

Director/PDMR Dealing

Lords Group Trading plc, a leading distributor of building materials in the UK, announces that under the Lords Deferred Bonus Plan ('DBP') it has made conditional awards over an aggregate of up to 705,170 new ordinary shares in the capital of the Company ('Ordinary Shares') to a broad number of Group employees ('2022 DBP Shares').

The DBP is part of the Group's incentive arrangements stated at the time of admission to trading on AIM, in line with the recognition of the ongoing efforts of the Group's employees and the importance of ensuring that all employees are well motivated and identify closely with the long-term success of the Group.

The 2022 DBP Shares will vest on 30 January 2024 subject to awardee's continued employment with the Group and the achievement of certain performance criteria in respect of the year ended 31 December 2022.

PDMR Participation in 2022 DBP Shares

Members of Group's senior management considered to be PDMRs of the Company have been awarded 167,474 DBP Shares:

PDMR	Position	Award
Martin Keay	Managing Director, A.W. Lumb	19,417
Michael Brockman	Managing Director, APP	46,602
Paul Markham	Managing Director, Weldit	16,019
Jamie Herd	Manging Director, Lords Builders Merchants and George Lines	34,951
Steve Bath	Purchasing director, PDMR	22,330
Tilak Patel	Managing Director, Lords at Home	13,592
Tim Holton	Group Acquisition and Integration Director	14,563

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

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 and Joint Broker)	Tel: [phone]
Ben Jeynes / Max Gould / Dan Hodkinson (Corporate Finance)
Alex Pollen (Sales)
Berenberg (Joint Broker) Matthew Armitt / Richard Bootle / Ciaran Walsh	Tel: [phone]
Buchanan Communications	Tel: [phone]
Henry Harrison-Topham / Stephanie Whitmore/ Kim Looringh-van Beeck / Abby Gilchrist	[e-mail]

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	Martin Keay
2	Reason for notification
a)	Position/Status	Managing Director, A.W. Lumb
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 financial instrument, type of instrument and identification code	Ordinary shares of 0.5peach ISIN: GB00BM9CLS53
b)	Nature of transaction	Conditional award of new ordinary shares pursuant to Lords Group Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a 19,417
d)	Aggregated information	n/a
e)	Date of transaction	27 May 2022
f)	Place of transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Michael Brockman
2	Reason for notification
a)	Position/Status	Managing Director, APP
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 financial instrument, type of instrument and identification code	Ordinary shares of 0.5peach ISIN: GB00BM9CLS53
b)	Nature of transaction	Conditional award of new ordinary shares pursuant to Lords Group Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a 46,602
d)	Aggregated information	n/a
e)	Date of transaction	27 May 2022
f)	Place of transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Paul Markham
2	Reason for notification
a)	Position/Status	Managing Director, Weldit
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 financial instrument, type of instrument and identification code	Ordinary shares of 0.5peach ISIN: GB00BM9CLS53
b)	Nature of transaction	Conditional award of new ordinary shares pursuant to Lords Group Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a 16,019
d)	Aggregated information	n/a
e)	Date of transaction	27 May 2022
f)	Place of transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jamie Herd
2	Reason for notification
a)	Position/Status	Manging Director, Lords Builders Merchants and George Lines
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 financial instrument, type of instrument and identification code	Ordinary shares of 0.5peach ISIN: GB00BM9CLS53
b)	Nature of transaction	Conditional award of new ordinary shares pursuant to Lords Group Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a 34,951
d)	Aggregated information	n/a
e)	Date of transaction	27 May 2022
f)	Place of transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Steve Bath
2	Reason for notification
a)	Position/Status	Purchasing director, PDMR
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 financial instrument, type of instrument and identification code	Ordinary shares of 0.5peach ISIN: GB00BM9CLS53
b)	Nature of transaction	Conditional award of new ordinary shares pursuant to Lords Group Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a 22,330
d)	Aggregated information	n/a
e)	Date of transaction	27 May 2022
f)	Place of transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tilak Patel
2	Reason for notification
a)	Position/Status	Managing Director, Lords at Home
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 financial instrument, type of instrument and identification code	Ordinary shares of 0.5peach ISIN: GB00BM9CLS53
b)	Nature of transaction	Conditional award of new ordinary shares pursuant to Lords Group Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a 13,592
d)	Aggregated information	n/a
e)	Date of transaction	27 May 2022
f)	Place of transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tim Holton
2	Reason for notification
a)	Position/Status	Group Acquisition and Integration 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 financial instrument, type of instrument and identification code	Ordinary shares of 0.5peach ISIN: GB00BM9CLS53
b)	Nature of transaction	Conditional award of new ordinary shares pursuant to Lords Group Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a 14,563
d)	Aggregated information	n/a
e)	Date of transaction	27 May 2022
f)	Place of transaction	Outside of a trading venue

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