Logistics Development Group PLC Transaction in Own Shares (4827Y)

TIDMLDG

RNS Number : 4827Y

Logistics Development Group PLC

05 May 2023

5 May 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                                       04 May 2023 
 
  Number of Ordinary Shares purchased                  166,692 
 
  Highest price paid per Ordinary Share                  14.9p 
 
  Lowest price paid per Ordinary Share                      14.9p 
 
  Volume weighted average price per Ordinary Share       14.9p 
 

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 558,819,404 Ordinary Shares, of which none are held in treasury.

Hence the figure of 558,819,404 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) 
 
166,692             14.9                  15:57:55             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

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(END) Dow Jones Newswires

May 05, 2023 02:00 ET (06:00 GMT)