REG - Logistics Dev Grp - Further Caretech Investment

Logistics DevelopmentAnnouncement

01/04/2022 07:00

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RNS Number : 8623G  Logistics Development Group PLC  01 April 2022

1 April 2022

 

Logistics Development Group plc

 

("LDG" or the "Company")

 

Further Caretech Investment

 

LDG is pleased to announce that, further to its announcement on 10 March 2022,
it has purchased an additional 974,130 ordinary shares in Caretech Holdings
PLC ("Caretech") (LON:CTH), at an average price of £6.95 per share, for a
total cash consideration of £6,769,069.

 

Following these purchases, LDG is interested in 1,974,130 Caretech shares
representing approximately 1.74% of Caretech's issued share capital.

 

For the twelve-month period ending 30 September 2021, Caretech reported net
assets of £380,917,000 and net profits of £35,328,000.

 

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of
the Market Abuse Regulation (EU No. 596/2014) (the "UK MAR") which is part
of UK law by virtue of the European Union (Withdrawal) Act 2018.

 

 

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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