Lords Group Trading PLC Enhances Liquidity with £13.1 Million Property Deal

The latest announcement is out from Lords Group Trading PLC ( (GB:LORD) ).

Lords Group Trading PLC has entered into a sale and leaseback agreement with Gempoint 2000 Limited for four of its freehold properties, generating £13.1 million in cash. This transaction will reduce the company’s borrowings, enhancing liquidity to support its growth strategy. The leaseback arrangement involves a fifteen-year lease with an annual rent of £917,082, subject to periodic rent reviews. The deal is expected to have a neutral cash flow impact due to offsetting reduced interest payments and will result in a property gain of approximately £2 million. The transaction, involving a related party, has been deemed fair and reasonable by independent directors.

More about Lords Group Trading PLC

Lords Group Trading PLC is a prominent distributor of building materials in the UK, focusing on providing essential products for the construction industry. The company operates within the Merchanting division, serving various locations across the country.

YTD Price Performance: -20.90%

Average Trading Volume: 56,806

Technical Sentiment Signal: Buy

Current Market Cap: £44.04M

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