REG - Lords Group Trading - Further re. A.W. Lumb Deferred Consideration

Lords TradingAnnouncement

Mon 07:00

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RNS Number : 7821U  Lords Group Trading PLC  02 March 2026

2 March 2026

 

Lords Group Trading plc

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

 

Further re A.W. Lumb deferred consideration

 

Lords (LORD.L), a leading distributor of building materials in the UK,
announced on 5 March 2025 that the Managing Director of A.W. Lumb (the
'Vendor') had then received 255,319 new ordinary shares in the Company in lieu
of February 2025 deferred cash consideration due to the Vendor in respect of
the Group's March 2022 acquisition of A.W. Lumb (the 'Acquisition').

 

The Company now announces that the Vendor has elected, alongside all other
Acquisition vendors, to receive the deferred consideration due in 2026 in cash
under the terms of the Acquisition agreement. With total 2026 deferred cash
consideration of £600,000 now paid, remaining Acquisition consideration, of
an aggregate of £480,000, remains payable in February 2027.

 

- Ends -

 

FOR FURTHER ENQUIRIES:

 

 Lords Group Trading plc                                   Via Burson Buchanan

 Shanker Patel, Chief Executive Officer                    Tel: +44 (0) 20 7466 5000

 Stuart Kilpatrick, Chief Financial Officer

 Cavendish Capital Markets Limited                         Tel: +44 (0)20 7220 0500

 (Nominated Adviser and Joint Broker)

 Ben Jeynes / Seamus Fricker (Corporate Finance)

 Julian Morse / Henry Nicol / Matt Lewis (Sales and ECM)

 Berenberg                                                 Tel: +44 (0)20 3207 7800

 (Joint Broker)

 Matthew Armitt / Harry Nicholas / Detlir Elezi

 Burson Buchanan                                           Tel: +44 (0) 20 7466 5000

 Henry Harrison-Topham / Steph Whitmore / Abby Gilchrist   LGT@buchanan.co.uk (mailto:LGT@buchanan.co.uk)

 

 

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 three 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 32 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.

 

Digital: CMO Superstores provides an online route to market from nine
specialist websites for construction and plumbing & heating customers.

 

Lords was established 40 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 50 sites.

 

For additional information please visit www.lordsgrouptradingplc.co.uk
(http://www.lordsgrouptradingplc.co.uk)

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