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LONDON - Lords Group Trading (LON:LORD) PLC, a UK-based distributor of building materials, has reported a transaction involving a purchase of shares by a member of its board. On Thursday, Sheena Mackay, a Non-Executive Director of the company, acquired 64,695 ordinary shares at a price of 30.9 pence each. This investment increases Mackay’s holding to a total of 64,695 ordinary shares, which equates to 0.04% of the company’s issued share capital.
The transaction took place on the AIMX, a sub-market of the London Stock Exchange (LON:LSEG) designed for smaller, growing companies. The purchase was made in accordance with the obligations under Article 19(3) of the Market Abuse Regulation, ensuring transparency of transactions by directors and persons discharging managerial responsibilities.
Lords Group operates through two divisions: Merchanting and Plumbing and Heating. The Merchanting division provides building materials and DIY goods through its merchant businesses and online platform, while the Plumbing and Heating division distributes products to independent merchants, installers, and the public, offering nationwide next-day delivery service. With a history spanning over 40 years, Lords Group has expanded from its initial family business in Gerrards Cross, Buckinghamshire, to a network of 47 sites.
This transaction reflects a vote of confidence from a key member of the Lords Group’s board in the company’s financial health and future prospects. It is a routine disclosure that publicly traded companies are required to make when directors buy or sell shares.
The information regarding this director’s share purchase is based on a press release statement issued by Lords Group Trading PLC.
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