Logistics Development Group PLC Transaction in Own Shares (7641X)

TIDMLDG

RNS Number : 7641X

Logistics Development Group PLC

28 April 2023

28 April 2023

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 GBP0.01 each in the capital of the Company ("Ordinary Shares") pursuant to the share buyback programme (the "Programme") announced on 4 April 2023.

 
Date of purchase                                       27 April 2023 
 
  Number of Ordinary Shares purchased                  152,159 
 
  Highest price paid per Ordinary Share                  14.91p 
 
  Lowest price paid per Ordinary Share                      14.91p 
 
  Volume weighted average price per Ordinary Share       14.91p 
 

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 559,479,206 Ordinary Shares, of which none are held in treasury.

Hence the figure of 559,479,206 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  Transaction price     Time of transaction  Trading venue 
 Shares purchased    (pence per Ordinary 
                     Share) 
 
152,159             14.91                 15:48:56             INVE 
 

For enquiries:

 
 Logistics Development Group             Via FTI Consulting 
  plc 
 FTI Consulting 
  Nick Hasell 
  Alex Le May 
  Cally Billimore                      [phone] 
 Strand Hanson Limited 
  (Financial and Nominated Adviser) 
  James Dance 
  Richard Johnson 
  Abigail Wennington                   [phone] 
 Investec Bank plc 
  (Broker) 
  Gary Clarence 
  Harry Hargreaves                     [phone] 
 

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(END) Dow Jones Newswires

April 28, 2023 02:00 ET (06:00 GMT)