Lords Group Trading
plc
('Lords',
the 'Group' or the 'Company')
Director/PDMR
Transaction
Lords, a leading distributor of
building, plumbing and heating materials in the UK, announces that
it has been informed that on 4 November 2024, Steve
Durdant-Hollamby, the Chief Operating Officer ('COO') of the
Group's Merchanting division, purchased 52,605 ordinary shares in
the Company at a price of 37.4 pence per ordinary share.
Steve Durdant-Hollamby joined Lords
on 4 November 2024 as the COO of its Merchanting division.
Steve brings with him 26 years of industry experience, having held
leadership positions in major building material companies spanning
across merchanting and manufacturing. Most recently Steve served as
Divisional Managing Director at Genuit Group Plc (Polypipe). In his
new role, Steve will lead Lords Builders Merchants, Advance
Roofing, Condell, George Lines, and Hevey brands, while partnering
with Shanker Patel, CEO of Lords. This appointment is a key
part of the Group's strategy to expand its Merchanting division and
grow the business over the next few years.
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
|
Steve Durdant-Hollamby
|
|
2
|
Reason for
notification
|
|
|
a)
|
Position/Status
|
Chief Operating Officer, Merchanting
division (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
|
a)
Ordinary shares
ISIN: GB00BM9CLS53
|
|
b)
|
Nature of transaction
|
Purchase of ordinary
shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price
|
Volume
|
|
£0.374
|
52,605
|
|
|
|
|
|
d)
|
Aggregated information
|
n/a
|
|
e)
|
Date of transaction
|
4 November 2024
|
|
f)
|
Place of transaction
|
AIM
|
- Ends -
FOR
FURTHER ENQUIRIES:
|
Lords Group Trading plc
|
Via Burson
Buchanan
|
|
Shanker Patel, Chief Executive
Officer
|
Tel: +44
(0) 20 7466 5000
|
|
Stuart Kilpatrick, Chief Financial
Officer
|
|
|
|
|
|
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 / Stephanie
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.