Last checked at 7 Sep 2022 15:33
For immediate release | 7 September 2022 |
Lords Group Trading plc
("Lords" or the "Company")
Director/PDMR Transaction
Lords, a leading distributor of building materials in the UK, announces that it has today been notified by Shanker Patel, the Company's Chief Executive Officer, that on 7 September 2022 children of and therefore two persons closely associated ("PCA") with Shanker Patel, purchased an aggregate of 17,791 ordinary shares in the Company at a price of 73 pence per ordinary share.
As a result, Shanker Patel is now interested, together with his children and related entities and trusts, in a maximum of an aggregate of 53,282,925* ordinary shares in the Company, representing 32.8 per cent. of the Company's issued ordinary share capital. The members of the Lords concert party collectively hold 83,997,266 ordinary shares, representing 51.7 per cent. of the Company's issued share capital.
The notifications below, which are made in accordance with the Market Abuse Regulation, provide further details.
*including a potential interest in a conditional gift of 6,296,250 ordinary shares to Shanker Patel from a member of the concert party. Subject to the satisfaction of conditions to the gift, the gift may become unconditional on 24 June 2023.
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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 | LGT@buchanan.uk.com |
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 | a) Suri Usha Patel b) Nehru Shanker Patel
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2 | Reason for notification | |||||||
a) | Position/Status | a) PCA of Shanker Patel, Chief Executive Officer b) PCA of Shanker Patel, Chief Executive Officer
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b) | Initial notification/amendment | Initial notification
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Lords Group Trading plc
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b) | LEI | 9845009A4D87F1CE5145
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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
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a) | Description of the financial instrument, type of instrument and identification code | a) Ordinary shares b) Ordinary shares ISIN: GB00BM9CLS53
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b) | Nature of transaction | a) Purchase of Ordinary shares b) Purchase of Ordinary shares
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c) | Price(s) and volume(s) |
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d) | Aggregated information | n/a
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e) | Date of transaction |
a) 7 September 2022 b) 7 September 2022
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f) | Place of transaction | AIM
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