REG - Logistics Dev Grp - Results of General Meeting

Logistics DevelopmentAnnouncement

04/09/2024 15:30

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RNS Number : 9378C  Logistics Development Group PLC  04 September 2024

4 September 2024

 

Logistics Development Group plc

(or "LDG" or the "Company")

Results of General Meeting

LDG announces that, at a general meeting of the Company's shareholders held
earlier today (the "General Meeting"), Resolution 1, as set out in the Notice
of General Meeting dated 13 August 2024, was duly passed by shareholders by
way of a poll. Resolution 2 was not passed.

As a result of the Waiver Resolution not passing, the Company will not be
implementing the Share Buyback as contemplated in the circular to shareholders
dated 13 August 2024 (the "Circular").

Full details of the voting at the General Meeting are set out in the table
below.

Voting at the General Meeting

The results of the poll are set out below.

 No.  Resolution                In favour           Against            Total votes cast as a % of issued share capital  Votes withheld
      Votes                                  %      Votes       %
 1.   Share Buyback Resolution  176,986,267  80.38  43,191,483  19.62  41.99                                            56,253,562
 2.   Waiver Resolution         15,712,793   13.64  99,484,489  86.36  21.97                                            167,849,343

 

The full text of the resolutions above are set out in the Notice of General
Meeting dated 13 August 2024.

As at 3 September 2024, the Company's issued share capital consisted of
524,350,394 ordinary shares, carrying one vote per share, with no LDG shares
held by the Company in treasury. In accordance with LDG's Articles of
Association, on a poll every member present in person or by proxy has one vote
for every LDG share held.

In accordance with the terms of the Panel Waiver, only Independent
Shareholders were entitled to vote on the Waiver Resolution. Therefore, any
votes by members of the Concert Party in respect of the Waiver Resolution were
not taken into account. Votes withheld are not votes in law and therefore have
not been counted in the calculation of the proportion of the votes for and
against any resolution. Link Group was appointed as the scrutineer for
vote-taking at the General Meeting.

Unless otherwise defined herein, capitalised terms used in this announcement
shall have the same meanings as defined in the Circular.

For enquiries:

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

 Nick Hasell

 Alex Le May
 Strand Hanson Limited               +44 (0) 20 7409 3494

 (Financial and Nominated Adviser)

 James Spinney

 Richard Johnson

 Abigail Wennington
 Investec Bank plc                   +44 (0) 20 7597 5970

 (Broker)

 Gary Clarence

 Harry Hargreaves

 

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