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