Business
Vesting of DBP Shares and Issue of Equity
Vesting of DBP Shares and Issue of Equity.
About this update from Lords Group Trading Plc
[{"type":"text","content":"\n\n30 January 2024\n \n \n \nLords Group Trading plc\n \n('Lords', the 'Company' or the 'Group')\n \nVesting of DBP Shares and Issue of Equity\n \n \nLords, a leading distributor of building materials in the UK, announces the issuance of 410,973 new ordinary shares of 0.5 pence each in the Company (\"New Ordinary Shares\") pursuant to the Group's 2021 Deferred Bonus Plan (\"DBP\"), which have now vested. There are no further awards capable of vesting under the DBP.\n \nAccordingly, an application has been made for the New Ordinary Shares to be admitted to trading on the AIM Market of the London Stock Exchange (\"Admission\"), and it is expected that Admission will occur at 8.00 a.m. on 1 February 2024. The New Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. Following Admission of the new Ordinary Shares, the Company's issued ordinary share capital will comprise 165,943,822 Ordinary Shares, none of which are held in treasury.\n \nTherefore, following Admission of the new Ordinary Shares, the total number of Ordinary Shares with voting rights in the Company will be 165,943,822, which may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.\n \n- Ends -\n \nFOR FURTHER ENQUIRIES:\n \n\n\n\n\nLords Group Trading plc\n\n\nVia Buchanan\n\n\n\n\nShanker Patel, Chief Executive Officer\nChris Day, Chief Financial Officer and Chief Operating Officer\n\n\nTel: +44 (0) 20 7466 5000\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCavendish Capital Markets (Nominated Adviser and Joint Broker)\n\n\nTel: +44 (0)20 7220 0500\n\n\n\n\nBen Jeynes / Dan Hodkinson (Corporate Finance)\n\n\n\n\n\n\n\nJulian Morse / Henry Nicol / Charlie Combe (Sales and ECM)\n\n\n\n\n\n\n\n\n \n\n\n\n\nBerenberg (Joint Broker)\nMatthew Armitt / Richard Bootle / Detlir Elezi\n \n\n\nTel: +44 (0)20 3207 7800\n\n\n\n\n \nBuchanan Communications\n\n\n \nTel: +44 (0) 20 7466 5000\n\n\n\n\nHenry Harrison-Topham / Steph Whitmore / Abby Gilchrist\n \n\n\[email protected]\n\n\n\n\n \nNotes to editors:\n \nLords is a specialist dis...