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.