REG - Logistics Dev Grp - LDG notes Possible Offer for CareTech by DBAY

Logistics DevelopmentAnnouncement

04/04/2022 11:30

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RNS Number : 1484H  Logistics Development Group PLC  04 April 2022

4 April 2022

 

Logistics Development Group plc

 

("LDG" or the "Company")

 

LDG notes Possible Offer for CareTech by DBAY

 

LDG notes that DBAY Advisors Limited ("DBAY"), the Company's investment
manager, has made an indicative proposal to CareTech Holdings PLC (LON: CTH)
("CareTech") regarding a possible all cash offer for CareTech at 750 pence per
CareTech share (the "Possible Offer"), which was announced by DBAY this
morning.

 

DBAY's Possible Offer announcement was released further to the PUSU deadline
being extended in relation to a possible offer by a consortium formed by
Sheikh Holdings Group (Investments) Limited ("Sheikh Holdings"), at 725 pence
per CareTech share, as announced on 1 April 2022. Sheikh Holdings announced
its possible offer on 7 March 2022.

 

As announced on 1 April 2022, LDG currently holds 1,974,130 CareTech shares,
representing approximately 1.74% of CareTech's issued share capital.

 

Further announcements will be made as and when appropriate.

 

 

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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