Director/PDMR Shareholding

Lords Group Trading PLC

01 February 2024

 

1 February 2024

Lords Group Trading plc

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

Director/PDMR Shareholding

Lords, a leading distributor of building materials in the UK, announces that it has today been notified that, on 30 January 2024, Gary O'Brien, the Company's Non-Executive Chairman, purchased 92,600 ordinary shares in the Company at a price of 54.0 pence per ordinary shares through his personal pension scheme.

As a result, Mr. O'Brien is now beneficially interested in an aggregate of 229,442 ordinary shares in the Company, representing 0.14 per cent. of the Company's issued ordinary share capital.

The notification below, made in accordance with the UK Market Abuse Regulation, provides further details.

- Ends -

FOR FURTHER ENQUIRIES:

Lords Group Trading plc	Via Buchanan
Shanker Patel, Chief Executive Officer Chris Day, Chief Financial Officer and Chief Operating Officer	Tel: [phone]
Cavendish Capital Markets Nominated Adviser and Joint Broker	Tel: [phone]
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: [phone]
Buchanan Communications	Tel: [phone]
Henry Harrison-Topham / Steph Whitmore / Abby Gilchrist	[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 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 £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.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Cepacs Pension Scheme
2	Reason for the notification
a)	Position/status	PCA of Gary O'Brien, Non-Executive Chairman
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 Identification code	Ordinary Shares of 1 pence each GB00BM9CLS53
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 54.0 pence 92,600
d)	Aggregated information - Aggregated volume - Price	N/A single transaction
e)	Date of the transaction	30 January 2024
f)	Place of the transaction	AIMX

 

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