LORDS GROUP TRADING PLC

AGM Information • Jun 20, 2024

National Storage Mechanism | Additional information

RNS Number : 2767T

Lords Group Trading PLC

20 June 2024

20 June 2024

Lords Group Trading plc

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

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 Cavendish, 1 Bartholomew Close, London, EC1A 7BL , all 12 resolutions put to members were passed on a poll. Resolutions 1 to 10 were passed as ordinary resolutions and resolutions 11 and 12 were passed as special resolutions.

The number of votes cast for and against each of the resolutions proposed, and the number of votes withheld were as follows:

Resolution	Votes for	%	Votes against	%	Votes withheld
Resolution 1 (Ordinary) To receive the Annual Report and Accounts of the Company for the financial year ended 31 December 2023 together with the Directors' reports and auditor's report on those accounts.	114,468,309	99.97	32,245	0.03	0
Resolution 2 (Ordinary) To declare a final dividend of 1.33 pence per ordinary share for the financial year ended 31 December 2023.	114,468,309	99.97	32,245	0.03	0
Resolution 3 (Ordinary) To re-elect Andrew Harrison as a director of the Company.	114,463,421	99.97	32,665	0.03	4,468
Resolution 4 (Ordinary) To elect Stuart Kilpatrick as a director of the Company.	114,463,421	99.97	32,665	0.03	4,468
Resolution 5 (Ordinary) To elect Sheena Mackay as a director of the Company.	114,463,421	99.97	32,665	0.03	4,468
Resolution 6 (Ordinary) To re-elect Gary O'Brien as a director of the Company.	114,463,421	99.97	32,665	0.03	4,468
Resolution 7 (Ordinary) To re-elect Shanker Patel as a director of the Company.	114,467,889	99.97	32,665	0.03	0
Resolution 8 (Ordinary) To re-appoint RSM UK Audit LLP as auditor of the Company.	114,450,421	99.96	45,665	0.04	4,468
Resolution 9 (Ordinary) To authorise the Directors to determine the fees payable to the auditor.	114,467,889	99.97	32,665	0.03	0
Resolution 10 (Ordinary) To authorise the Directors to allot Equity Securities.	107,681,279	94.04	6,819,275	5.96	0
Resolution 11 (Special) That, subject to Resolution 10, the Directors be authorised to allot Equity Securities for cash as if section 561 of the CA 2006 did not apply.	107,656,811	94.03	6,839,275	5.97	4,468
Resolution 12 (Special) That, subject to Resolution 10 and in addition to 11, the Directors be authorised to allot Equity Securities for cash as if section 561 of the  CA 2006 did not apply.	107,656,811	94.03	6,839,275	5.97	4,468

As at 20 June 2024, there were 165,878,960 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.

The full text of each resolution is available in the Notice of Annual General Meeting, published on our website.

- Ends -

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 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.

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