Regulatory News

Lords (LORD.L), a leading distributor of building materials in the UK, announced on 5 March 2025 that the Managing Director of A.W. Lumb (the ‘Vendor’) had then received 255,319 new ordinary shares in the Company in lieu of February 2025 deferred cash consideration due to the Vendor in respect of the Group’s March 2022 acquisition of A.W. Lumb (the ‘Acquisition’).

The Company now announces that the Vendor has elected, alongside all other Acquisition vendors, to receive the deferred consideration due in 2026 in cash under the terms of the Acquisition agreement. With total 2026 deferred cash consideration of £600,000 now paid, remaining Acquisition consideration, of an aggregate of £480,000, remains payable in February 2027.

 

FOR FURTHER ENQUIRIES:

Lords Group Trading plc Shanker Patel, Chief Executive Officer Stuart Kilpatrick, Chief Financial Officer	Via Burson Buchanan Tel: +44 (0) 20 7466 5000
Cavendish Capital Markets Limited (Nominated Adviser and Joint Broker) Ben Jeynes / Seamus Fricker (Corporate Finance) Julian Morse / Henry Nicol / Matt Lewis (Sales and ECM)	Tel: +44 (0)20 7220 0500
Berenberg (Joint Broker) Matthew Armitt / Harry Nicholas / Detlir Elezi	Tel: +44 (0)20 3207 7800
Burson Buchanan Henry Harrison-Topham / Steph Whitmore / Abby Gilchrist	Tel: +44 (0) 20 7466 5000 LGT@buchanan.co.uk

 

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 three 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 32 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 16 locations enabling nationwide next day delivery service.

Digital: CMO Superstores provides an online route to market from nine specialist websites for construction and plumbing & heating customers.

Lords was established 40 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 50 sites.

For additional information please visit www.lordsgrouptradingplc.co.uk