REG - Logistics Dev Grp - Transaction in Own Shares

Logistics DevelopmentAnnouncement

07/04/2022 07:30

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RNS Number : 5343H  Logistics Development Group PLC  07 April 2022

7 April 2022

 

Logistics Development Group plc

 

("LDG" or the "Company")

 

Transaction in Own Shares

 

LDG today announces that it has made (through Investec Bank PLC ("Investec")
acting as the Company's broker) the following buybacks of ordinary shares of
£0.01 each in the capital of the Company ("Ordinary Shares") pursuant to the
share buyback programme (the "Programme") announced on 25 February 2022.

 

 Date of purchase                                   6 April 2022
                                                    52,786,586

 Number of Ordinary Shares purchased

 Highest price paid per Ordinary Share              15.9p

 Lowest price paid per Ordinary Share               15.9p

 Volume weighted average price per Ordinary Share   15.9p

 

Volume weighted average price per Ordinary Share

 

15.9p

 

 

Notification of total voting rights in accordance with paragraph 5.6.1 of the
FCA's Disclosure Guidance and Transparency Rules

 

Following the repurchase and cancellation of the Ordinary Shares set out
above, LDG can confirm that it has acquired a total of 140,441,180 Ordinary
Shares pursuant to the Programme and accordingly the Company's issued share
capital shall comprise 561,764,720 Ordinary Shares, of which none are held in
treasury.

 

Hence the figure of 561,764,720 may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in LDG under the FCA's
Disclosure Guidance and Transparency Rules.  The Company can now confirm the
Programme is complete and no further purchases pursuant to the Programme will
be made.

 

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No
596/2014 details of the purchase of its own Ordinary Shares by the Company,
which were all executed through Investec are set out below:

 

Individual Transactions:

 

 Number of Ordinary Shares purchased  Transaction price (pence per Ordinary Share)  Time of transaction  Trading venue
 35,445,748                           15.9                                          08:23                INVE
 7,298,256                            15.9                                          08:51                INVE
 10,042,582                           15.9                                          08:52                INVE

 

 

 

 

 

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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