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IN BRIEF: Lords Group CEO lifts stake to just below 33%

18th May 2023 21:06

Lords Group Trading PLC - London-based distributor of building, plumbing, heating and DIY goods - Says Chief Executive Officer Shanker Patel and "his related entities" purchase total of 538,461 shares at 65 pence each, GBP350,000 in total. Lords notes 384,615 purchased by a pension fund controlled by Patel. Another 153,846 purchased from pension fund controlled by Rachna Patel, a close associate of Lords Group's CEO. Says Patel now interested in 53.8 million shares, a stake of just under 33%. In addition, company notes Non-Executive Director Andrew Harrison and associates buy total of 230,770 shares for 65p in total, GBP150,000 in total.

Current stock price: 65.00p

12-month change: down 23%

By Eric Cunha, Alliance News news editor

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


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Lords Grp Tr
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Change53.53