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Logistics Dev Grp (LDG)


Tuesday 28 June, 2022

Logistics Dev Grp

CareTech Update

RNS Number : 3693Q
Logistics Development Group PLC
28 June 2022

28 June 2022


Logistics Development Group plc


("LDG" or the "Company")


CareTech Update



LDG notes that, further to its announcement of 4 April 2022, Amalfi Bidco Limited (a consortium formed by Sheikh Holdings Group (Investments) Limited), has announced a recommended cash offer (with a partial rollover alternative) for CareTech Holdings PLC ("CareTech"), at a price of 750 pence per CareTech share.  LDG currently holds 1,974,130 CareTech shares, representing approximately 1.74% of CareTech's issued share capital.


In addition, DBAY Advisors Ltd ("DBAY"), the Company's investment manager, has confirmed that, further to its announcement of 4 April 2022, it is not intending to make an offer for CareTech.



For enquiries:


Logistics Development Group plc

Via FTI Consulting

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


Gary Clarence

Harry Hargreaves

+44 (0) 20 7597 5970


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