REG - Logistics Dev Grp - CareTech Update

Logistics DevelopmentAnnouncement

28/06/2022 07:00

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RNS Number : 3693Q  Logistics Development Group PLC  28 June 2022

28 June 2022

 

Logistics Development Group plc

 

("LDG" or the "Company")

 

CareTech Update

 

 

LDG notes that, further to its announcement of 4 April 2022, Amalfi Bidco
Limited (a consortium formed by Sheikh Holdings Group (Investments) Limited),
has announced a recommended cash offer (with a partial rollover alternative)
for CareTech Holdings PLC ("CareTech"), at a price of 750 pence per CareTech
share.  LDG currently holds 1,974,130 CareTech shares, representing
approximately 1.74% of CareTech's issued share capital.

 

In addition, DBAY Advisors Ltd ("DBAY"), the Company's investment manager, has
confirmed that, further to its announcement of 4 April 2022, it is not
intending to make an offer for CareTech.

 

 

For enquiries:

 

 Logistics Development Group plc     Via FTI Consulting
 FTI Consulting                      +44 (0) 20 3727 1340

 Nick Hasell

 Alex Le May

 Cally Billimore

 Strand Hanson Limited               +44 (0) 20 7409 3494

 (Financial and Nominated Adviser)

 James Spinney

 James Dance

 Abigail Wennington

 Investec Bank plc                   +44 (0) 20 7597 5970

 (Broker)

 Gary Clarence

 Harry Hargreaves

 

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