TIDMLDG

RNS Number : 5343H

Logistics Development Group PLC

07 April 2022

7 April 2022

Logistics Development Group plc

("LDG" or the "Company")

Transaction in Own Shares

LDG today announces that it has made (through Investec Bank PLC ("Investec") acting as the Company's broker) the following buybacks of ordinary shares of GBP0.01 each in the capital of the Company ("Ordinary Shares") pursuant to the share buyback programme (the "Programme") announced on 25 February 2022.

 
Date of purchase                                       6 April 2022 
 
  Number of Ordinary Shares purchased                  52,786,586 
 
  Highest price paid per Ordinary Share                  15.9p 
 
  Lowest price paid per Ordinary Share                      15.9p 
 
  Volume weighted average price per Ordinary Share       15.9p 
 

Notification of total voting rights in accordance with paragraph 5.6.1 of the FCA's Disclosure Guidance and Transparency Rules

Following the repurchase and cancellation of the Ordinary Shares set out above, LDG can confirm that it has acquired a total of 140,441,180 Ordinary Shares pursuant to the Programme and accordingly the Company's issued share capital shall comprise 561,764,720 Ordinary Shares, of which none are held in treasury.

Hence the figure of 561,764,720 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in LDG under the FCA's Disclosure Guidance and Transparency Rules. The Company can now confirm the Programme is complete and no further purchases pursuant to the Programme will be made.

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 details of the purchase of its own Ordinary Shares by the Company, which were all executed through Investec are set out below:

Individual Transactions:

 
Number of Ordinary  Transaction price     Time of transaction  Trading venue 
 S hares purchased   (pence per Ordinary 
                     Share ) 
35,445,748          15.9                  08:23                INVE 
7,298,256           15.9                  08:51                INVE 
10,042,582          15.9                  08:52                INVE 
 

For enquiries:

 
 Logistics Development Group             Via FTI Consulting 
  plc 
 FTI Consulting 
  Nick Hasell 
  Alex Le May 
  Cally Billimore                      +44 (0) 20 3727 1340 
 
 Strand Hanson Limited 
  (Financial and Nominated Adviser) 
  James Spinney 
  James Dance 
  Abigail Wennington                   +44 (0) 20 7409 3494 
 Investec Bank plc 
  (Broker) 
  Gary Clarence 
  Harry Hargreaves                     +44 (0) 20 7597 5970 
 

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END

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(END) Dow Jones Newswires

April 07, 2022 02:30 ET (06:30 GMT)

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