Regulatory News

Lords, a leading distributor of building materials in the UK, announces that under the Lords Group Share Incentive Plan (“SIP”) it has issued 2,105 new ordinary shares of 0.5 each in the capital of the Company (“Ordinary Shares”) to each of 485 employees of the Group (“SIP Shares”) holding a minimum six months continuous service with the Group as at the date of the Company's admission to trading on AIM.  The SIP Shares have been issued as part of the Group's incentive arrangements stated at the time of admission to trading on AIM, in line with the recognition of the Lords Board 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 success of the Group.

Chris Day, the Company's Chief Financial Officer, has been awarded 2,105 SIP Shares, as have certain other members of Group senior management considered to be PDMRs of the Company.  The notifications below, made in accordance with the UK Market Abuse Regulation, provide further details.

A total of 1,020,925 SIP Shares (the “New Ordinary Shares”) will be issued to the SIP Trust which will hold the shares on behalf of the relevant SIP participants.  The participants will be the beneficial owners of any Ordinary Shares held on their behalf by the trustee of the SIP Trust and the SIP Share awards are subject to continued employment during the minimum three year hold period.

Following the issue of the SIP Shares, Chris Day is interested in 2,105 Ordinary Shares, representing 0.001 per cent. of the Company's enlarged issued share capital, as enlarged by the issue of the New Ordinary Shares.

Application has been made for the New Ordinary Shares, which rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur at 8.00 a.m. on 6 October 2021.

On Admission the Company will have 158,524,872 Ordinary Shares in issue.  No Ordinary Shares are held in treasury. The figure of 158,524,872 may be used by the Company's shareholders as the denominator in the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Shanker Patel, CEO, said: “With the issue of the SIP Shares, I am delighted to confirm that every Lords employee who has been with the Group for at least six months prior to IPO is now a Lords shareholder.  We are a people business and the future success of the Group relies on their continued hard work and commitment.”

 

FOR FURTHER ENQUIRIES:

Lords Group Trading plc	Via Buchanan
Shanker Patel, Chief Executive Officer	Tel: +44 (0) 20 7466 5000
Chris Day, Chief Financial Officer
Cenkos Securities plc	Tel: +44 (0)20 7397 8900
Ben Jeynes / Max Gould / Dan Hodkinson (Corporate Finance)
Alex Pollen (Sales)
Buchanan Communications	Tel: +44 (0) 20 7466 5000
Henry Harrison-Topham / Stephanie Watson / Kim Looringh-van Beeck / Kiki Norman	[email protected]

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	1.       Chris Day 2.       Jamie Herd 3.       Steve Bath 4.       Mark Mulvey 5.       Paul Markham 6.       Michael Brockman 7.       Tim Holton 8.       James McMeckan
2	Reason for notification
a)	Position/Status	1.       Chief Financial Officer 2.       PDMR 3.       PDMR 4.       PDMR 5.       PDMR 6.       PDMR 7.       PDMR 8.       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 0.5p each   ISIN: GB00BM9CLS53
b)	Nature of transaction	Award of new ordinary shares pursuant to Lords Group Share Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.       Nil 2.       Nil 3.       Nil 4.       Nil 5.       Nil 6.       Nil 7.       Nil 8.       Nil 1.       2,105 2.       2,105 3.       2,105 4.       2,105 5.       2,105 6.       2,105 7.       2,105 8.       2,105
d)	Aggregated information	n/a
e)	Date of transaction	30 September 2021
f)	Place of transaction	Outside of a trading venue