REG - Logistics Dev Grp - Results of General Meeting

Logistics DevelopmentAnnouncement

22/04/2025 12:30

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RNS Number : 7051F  Logistics Development Group PLC  22 April 2025

Logistics Development Group plc

(or "LDG" or the "Company")

Results of General Meeting

LDG is pleased to announce that, at a general meeting of the Company's
shareholders held earlier today (the "General Meeting"), the resolution, as
set out in the Circular, dated 28 March 2025, containing details of the
proposed Tender Offer to return up to £21,000,000 to shareholders at a Tender
Price of 19 pence per Ordinary Share and the Notice of General Meeting of the
Company in relation to the Tender Offer ("Circular"), was duly passed by
shareholders by way of a poll. Full details of the voting at the General
Meeting are set out in the table below.

Voting Results

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.   Tender Offer Authority  348,573,220  99.96  137,941  0.04  66.50                                            100

 

The full text of the resolution above is set out in the Circular. The Tender
Offer Authority resolution was proposed as an ordinary resolution.

As at 16 April 2025, 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.

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.
MUFG Corporate Markets 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 Company announcement on 28
March 2025.

Tender Offer

As previously announced, the Tender Offer closes at 1.00 p.m. today, 22 April
2025 and the record date for the Tender offer is 6.00 p.m. today, 22 April
2025.

The results of the Tender Offer are expected to be announced at 7.00 a.m. on
24 April 2025.

 

Further 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 Dance / Richard Johnson / Abigail Wennington
 Investec Bank plc                                      +44 (0) 20 7597 5970

 (Broker)

 Gary Clarence / Harry Hargreaves

 

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