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Logistics Dev Grp (LDG)

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Friday 01 April, 2022

Logistics Dev Grp

Further Caretech Investment

RNS Number : 8623G
Logistics Development Group PLC
01 April 2022
 

1 April 2022

 

Logistics Development Group plc

 

("LDG" or the "Company")

 

Further Caretech Investment

 

LDG is pleased to announce that, further to its announcement on 10 March 2022, it has purchased an additional 974,130 ordinary shares in Caretech Holdings PLC ("Caretech") (LON:CTH), at an average price of £6.95 per share, for a total cash consideration of £6,769,069.

 

Following these purchases, LDG is interested in 1,974,130 Caretech shares representing approximately 1.74% of Caretech's issued share capital.

 

For the twelve-month period ending 30 September 2021, Caretech reported net assets of £380,917,000 and net profits of £35,328,000.

 

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU No. 596/2014) (the "UK MAR") which is part of UK law by virtue of the  European Union  (Withdrawal) Act 2018.

 

 

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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