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Logistics Dev Grp (LDG)

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Friday 01 April, 2022

Logistics Dev Grp

Transaction in Own Shares

RNS Number : 8636G
Logistics Development Group PLC
01 April 2022
 

1 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 £0.01 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

31 March 2022

 

Number of Ordinary Shares purchased

9,300,000

 

Highest price paid per Ordinary Share

 

16p

 

Lowest price paid per Ordinary Share

 

15.94p

 

Volume weighted average price per Ordinary Share

 

15.994p

 

 

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, the Company's issued share capital shall comprise 616,145,529 Ordinary Shares, of which none are held in treasury.

 

Hence the figure of 616,145,529 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 will make further announcements in due course following the completion of any further purchases pursuant to the Programme.

 

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 S hares purchased

Transaction price (pence per Ordinary Share )

Time of transaction

Trading venue

8,290,000

16

11:18

INVE

915,000

15.945

14:12

INVE

95,000

15.94

16:39

INVE

 

 

 

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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