Lords Group Trading PLC Result of AGM (3368D)
June 20 2023 - 9:30AM
UK Regulatory
TIDMLORD
RNS Number : 3368D
Lords Group Trading PLC
20 June 2023
For immediate release 20 June 2023
Lords Group Trading plc
('Lords', the 'Group' or the 'Company')
Result of AGM
Lords, a leading distributor of building materials in the UK,
announces that at its Annual General Meeting ('AGM') held at 1.00pm
today at the offices of Cenkos Securities at 6 7 8 Tokenhouse Yard,
London EC2R 7AS, all 11 resolutions put to members were passed on a
poll. Resolutions 1 to 9 were passed as ordinary resolutions and
resolutions 10 and 11 were passed as special resolutions.
The results of the poll (including proxy votes) were as
follows:
Resolution Votes for % Votes % Votes withheld
against
Resolution 1 (Ordinary)
To receive the reports
of the Directors and the
Financial Statements for
the year ended 31 December
2022. 116,664,000 100 0 0.00 0
------------ ------ --------- ----- ---------------
Resolution 2 (Ordinary)
To re-elect Shanker Patel
as a Director. 116,663,580 99.99 420 0.01 0
------------ ------ --------- ----- ---------------
Resolution 3 (Ordinary)
To re-elect Christopher
Day as a Director. 116,661,417 99.99 2,583 0.01 0
------------ ------ --------- ----- ---------------
Resolution 4 (Ordinary)
To re-elect Gary O'Brien
as a Director. 116,661,417 99.99 2,583 0.01 0
------------ ------ --------- ----- ---------------
Resolution 5 (Ordinary)
To re-elect Andrew Harrison
as a Director. 116,661,417 99.99 2,583 0.01 0
------------ ------ --------- ----- ---------------
Resolution 6 (Ordinary)
To declare a final dividend
for the 12 months ended
31 December 2022 and to
ratify the payment of the
dividend for the 12 months
ended 31 December 2021. 116,664,000 100 0 0.00 0
------------ ------ --------- ----- ---------------
Resolution 7 (Ordinary)
To re-appoint RSM UK Audit
LLP as auditor of the Company. 116,664,000 100 0 0.00 0
------------ ------ --------- ----- ---------------
Resolution 8 (Ordinary)
To authorise the Directors
to determine the fees payable
to the auditor. 116,664,000 100 0 0.00 0
------------ ------ --------- ----- ---------------
Resolution 9 (Ordinary)
To authorise the Directors
to allot equity securities. 109,608,580 93.95 7,055,420 6.05 0
Resolution 10 (Special)
That, subject to Resolution
9, the Directors be authorised
to allot equity securities
for cash as if section
561 of the Act did not
apply. 109,608,580 93.95 7,055,420 6.05 0
------------ ------ ---------- -----
Resolution 11 (Special)
That, subject to Resolution
9 and in addition to 10,
the Directors be authorised
to allot equity securities
for cash as if section
561 did not apply. 109,608,580 93.95 7,055,420 6.05 0
------------ ------ ---------- -----
As at 20 June 2023, there were 165,532,849 ordinary shares in
issue. Shareholders are entitled to one vote per share. Votes
withheld are not votes in law and so have not been included in the
calculation of the proportion of votes for and against a
resolution.
- Ends -
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 and
Chief Operating Officer
Cenkos Securities plc (Nominated Adviser Tel: +44 (0) 20
and Joint Broker) 7397 8900
Ben Jeynes / Max Gould / Dan Hodkinson
(Corporate Finance)
Alex Pollen (Sales)
Berenberg (Joint Broker) Tel: +44 (0) 20
Matthew Armitt / Richard Bootle / Detlir 3207 7800
Elezi
Buchanan Communications Tel: +44 (0) 20
7466 5000
Henry Harrison-Topham / Jamie Hooper/ LGT@buchanan.uk.com
Abby 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 26 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 42
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 .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
RAGNKKBBNBKDAAB
(END) Dow Jones Newswires
June 20, 2023 09:30 ET (13:30 GMT)
Lords Group Trading (LSE:LORD)
Historical Stock Chart
From Dec 2024 to Jan 2025
Lords Group Trading (LSE:LORD)
Historical Stock Chart
From Jan 2024 to Jan 2025
