Logistics Development Group PLC Transaction in Own Shares (6649F)

TIDMLDG

RNS Number : 6649F

Logistics Development Group PLC

23 March 2022

23 March 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 GBP0.01 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                                       22 March 2022 
 
  Number of Ordinary Shares purchased                  12,020,555 
 
  Highest price paid per Ordinary Share                  16p 
 
  Lowest price paid per Ordinary Share                      16p 
 
  Volume weighted average price per Ordinary Share       16p 
 

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 637,967,553 Ordinary Shares, of which none are held in treasury.

Hence the figure of 637,967,553 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 
 S hares purchased   (pence per Ordinary 
                     Share ) 
150,000             16                    09:18                INVE 
9,870,555           16                    11:15                INVE 
1,000,000           16                    13:21                INVE 
1,000,000           16                    15:42                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 Spinney 
  James Dance 
  Abigail Wennington                   [phone] 
 Investec Bank plc 
  (Broker) 
  Gary Clarence 
  Harry Hargreaves                     [phone] 
 

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March 23, 2022 03:30 ET (07:30 GMT)