REG - Logistics Dev Grp - Share Capital Reduction

Logistics DevelopmentAnnouncement

29/03/2023 07:00

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RNS Number : 5146U  Logistics Development Group PLC  29 March 2023

29 March 2023

Logistics Development Group plc

 

("LDG" or the "Company")

 

Share Capital Reduction

 

LDG is pleased to announce that the cancellation of 140,441,180 ordinary
shares of £0.01 each which were subject to the buyback effected by the
Company between 25 February 2022 and 6 April 2022 (the "Capital Reduction"),
which was approved by shareholders on 6 March 2023, was sanctioned by the High
Court of England and Wales on 28 March 2023. The order of the High Court
confirming the Capital Reduction, and the statement of capital approved by the
High Court in connection therewith, will be delivered to the Registrar of
Companies today. The Capital Reduction will then become effective upon the
registration of the Court order by the Registrar of Companies.

 

Following the Capital Reduction, the issued share capital of the Company
consists of 561,764,720 ordinary shares of £0.01 each.

 

 

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 Dance

 Richard Johnson

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

 (Broker)

 Gary Clarence

 Harry Hargreaves

 

 

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