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Logistics Dev Grp (LDG)

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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

(Broker)

Gary Clarence

Harry Hargreaves

+44 (0) 20 7597 5970

 

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