REG - Logistics Dev Grp - Finsbury Food Group Investment - Update

Logistics DevelopmentAnnouncement

24/10/2022 15:30

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RNS Number : 9179D  Logistics Development Group PLC  24 October 2022

24 October 2022

 

Logistics Development Group plc

 

("LDG") or the "Company")

 

Finsbury Food Group Investment - Update

 

 

LDG is pleased to announce that, further to its announcement on 18 October
2022, it has acquired a further 1,250,000 ordinary shares in Finsbury Food
Group plc ("Finsbury") (LON:FIF) at an average price of £0.86 per ordinary
share, for a total cash consideration of £1,073,500.

 

Following these purchases, LDG is interested in 10,082,000 ordinary shares in
Finsbury, representing approximately 7.73% of Finsbury's issued share capital.

 

For the 53 weeks period ending 2 July 2022 Finsbury reported a pre-tax profit
of £17.0 million. As at, 31 December 2021, Finsbury reported net assets of
£113.9 million.

 

 

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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