REG - Logistics Dev Grp - Directorate Changes

Logistics DevelopmentAnnouncement

09/12/2021 07:00

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RNS Number : 0390V  Logistics Development Group PLC  09 December 2021

9 December 2021

 

 

Logistics Development Group plc

 

(the "Company" or "LDG")

 

Directorate Changes

 

Logistics Development Group plc, the AIM Investing Company, is pleased to
announce the appointment of Peter Nixon as a Non-Executive Director of the
Company with immediate effect. Peter replaces Saki Riffner as the
representative of DBAY Advisors Limited ("DBAY"), who has resigned as
Non-Executive Director with immediate effect in order to focus on his role as
Chief Investment Officer of DBAY.

 

Peter Nixon has over 25 years of experience in finance and joined DBAY in
2009. Peter initially acted as Group Chief Accountant and Head of Shared
Services at the logistics business, TDG, which was a DBAY investee company
from 2008 to 2011, and has subsequently been involved in several other DBAY
investments, including Eddie Stobart, Unlimited Group, Harvey Nash Group,
Telit Communications and, most recently, LDG. Peter will be retiring from his
full-time role at DBAY at the end of 2021. Peter previously held senior roles
at United Utilities Plc, BBA Group Plc and The Reader's Digest. Peter is a
qualified Chartered Accountant, having been an Audit Manager at Deloitte, and
holds a degree in Mathematics and Physics from Manchester University.

 

 

Adrian Collins, Non-Executive Chairman of LDG, commented:

 

"We are pleased to welcome Peter to the Board. Peter brings over 25 years of
financial management experience and I look forward to working with him as we
continue to invest and advance to create value for our shareholders."

 

"We would like to thank Saki for his valuable contributions to the Company,
and we wish him well in his other pursuits."

 

 

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) 02 7409 3494

 (Financial and Nominated Adviser)

 James Spinney

 James Dance

 Investec Bank plc                   +44 (0) 20 7597 5970

 (Broker)

 Gary Clarence

 Harry Hargreaves

Further information on Peter Michael Nixon's appointment:

 

The following details in relation to the appointment of Mr Nixon are disclosed
in accordance with AIM Rule 17 and Schedule Two, paragraph (g) of the AIM
Rules for Companies:

 

Peter Michael Nixon (aged 61) has held the following directorships and/or
partnerships in the past five years.

 

 Current Directorships  Past Directorships (last five years)
 N/A                    Alpha Cassiopeiae Limited
                        GreenWhiteStar Acquisitions Limited

Mr Nixon is interested in 706,467 ordinary shares in the Company.

 

There is no further information to be disclosed in relation to Mr Nixon's
appointment pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii)
of the AIM Rules for Companies.

 

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