REG - Logistics Dev Grp - Share Buyback Update

Logistics DevelopmentAnnouncement

26/04/2024 16:45

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RNS Number : 2829M  Logistics Development Group PLC  26 April 2024

26 April 2024

Logistics Development Group plc

 

("LDG" or the "Company")

 

Share Buyback Update

 

LDG announces that, further to the announcement on 4 April 2023 in connection
with the commencement of the Share Buyback and in advance of the conclusion of
the Share Buyback at the conclusion of the Company's 2024 annual general
meeting convened for 9 May 2024, for the remainder of the Share Buyback period
it will permit Investec Bank plc, its broker, to acquire shares outside of the
volume restrictions, as set out in Article 5(1) of the Market Abuse Regulation
(EU) No 596/2014 (as it forms part of Retained EU Law as defined in the
European Union (Withdrawal) Act 2018) ("UK MAR") and the Commission Delegated
Regulation (EU) No 2016/1052 (as it forms part of Retained EU Law as defined
in the European Union (Withdrawal) Act 2018).

 

The pricing parameters detailed in the Company's circular dated 16 February
2023 and its announcement of 4 April 2023 will continue to apply.

 

Pursuant to the Share Buyback the Company may acquire up to a total of
112,352,944 ordinary shares and LDG has, to date, notified that it has
acquired a total of 36,896,823 ordinary shares.

 

The Company will make further announcements in due course following any
further Share Buyback purchases. There is no guarantee that the Share Buyback
will be implemented in full or that any ordinary shares will be repurchased by
the Company.

 

Capitalised terms in this announcement shall have the same meaning as in the
Company's announcement dated 4 April 2023, unless otherwise defined.

 

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

 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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