Lords Group Trading PLC (GB:LORD) has released an update.
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Lords Group Trading PLC, a prominent UK building materials distributor, has announced the settlement of deferred payments to the vendor of A.W. Lumb through the issuance of new ordinary shares. Scheduled for Admission to the AIM market of the London Stock Exchange by the end of May 2024, these new shares will join the existing pool, bringing the total voting shares to 165,855,714. The move reflects the company’s strategic direction and aligns the interests of the vendor with those of Lords’ shareholders.
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