News

Deferred Bonus Plan Awards Issuance, Director/PDMR Dealing

27 May 2022

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:

PDMRPositionAward
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: +44 (0) 20 7466 5000
Chris Day, Chief Financial Officer  
  
Cenkos Securities plc (Nominated Adviser and Joint Broker) Tel: +44 (0)20 7397 8900
Ben Jeynes / Max Gould / Dan Hodkinson (Corporate Finance)  
Alex Pollen (Sales)  
  
Berenberg (Joint Broker)
Matthew Armitt / Richard Bootle / Ciaran Walsh
 
Tel: +44 (0)20 3207 7800
Buchanan Communications Tel: +44 (0) 20 7466 5000
Henry Harrison-Topham / Stephanie Whitmore/ Kim Looringh-van Beeck / Abby Gilchrist [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 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