TIDMLORD

RNS Number : 2768Y

Lords Group Trading PLC

03 May 2023

3 May 2023

Lords Group Trading plc

('Lords', the 'Group' or the 'Company')

Dividend Timetable

Lords, a leading distributor of building materials in the UK, announces that further to the release of the Company's full year results today, information on the Company's full year 2022 dividend timetable.

Having paid an interim dividend of 0.67 pence per share in October 2022, the Group has proposed a final dividend of 1.33 pence per share, to give a total for the year of 2.00 pence, representing an increase of 5.8% on total dividends paid in 2021. The final dividend is subject to ratification by shareholders at the upcoming AGM.

The final dividend will be paid on 27 June 2023, to shareholders on the register at the close of business on 26 May 2023.

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      Tel: +44 (0)20 7397 
  and Joint Broker)                                           8900 
 Ben Jeynes / Max Gould (Corporate Finance) 
 Alex Pollen (Sales) 
 
 
 Berenberg (Joint Broker)                       Tel: +44 (0)20 3207 
  Matthew Armitt / Richard Bootle / Ciaran                     7800 
  Walsh 
 Buchanan Communications                       Tel: +44 (0) 20 7466 
                                                               5000 
 Henry Harrison-Topham / Jamie Hooper / Abby    LGT@buchanan.uk.com 
  Gilchrist

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 30 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.

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 45 sites. Lords aims to become a GBP500 million turnover building materials distributor group by 2024 as it grows its national presence.

Lords was admitted to trading on AIM in July 2021 with the ticker LORD.L. For additional information please visit www.lordsgrouptradingplc.co.uk .

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END

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May 03, 2023 05:48 ET (09:48 GMT)

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