Last checked at 8 May 2024 07:00
8 May 2024
Lords Group Trading plc
('Lords', the 'Group' or the 'Company')
Appointment of Chief Financial Officer
Further to the announcement issued on 4 April 2024, Lords, a leading distributor of building materials in the UK, is pleased to confirm that Stuart Kilpatrick will join the Board of Lords as Chief Financial Officer and a director of the Company on Tuesday, 4 June 2024.
As previously announced, Chris Day, the Group's current CFO and COO, will step down as a statutory director and leave the Group on 17 May 2024 shortly after the publication of the Group's FY23 Results on 15 May 2024. In the short interim period between Chris' departure and Stuart's arrival, the Group is well supported by its strong, well-established finance team who will ensure a smooth transition for the business.
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FOR FURTHER ENQUIRIES:
Lords Group Trading plc | Via Buchanan |
Gary O'Brien, Non-Executive Chairman Shanker Patel, Chief Executive Officer | Tel: +44 (0) 20 7466 5000 |
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 |
Buchanan Communications |
Tel: +44 (0) 20 7466 5000 |
Henry Harrison-Topham / Steph 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.
Lords was admitted to trading on AIM in July 2021 with the ticker LORD.L. For additional information please visit www.lordsgrouptradingplc.co.uk.