REG - Logistics Dev Grp - Transaction in Own Shares

Logistics DevelopmentAnnouncement

28/02/2024 07:00

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RNS Number : 6740E  Logistics Development Group PLC  28 February 2024

28(th) February 2024

 

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 4 April 2023.

 

 Date of purchase                                   27 February 2024
                                                    203,880

 Number of Ordinary Shares purchased

 Highest price paid per Ordinary Share              12.8p

 Lowest price paid per Ordinary Share               12.8p

 Volume weighted average price per Ordinary Share   12.8p

 

Volume weighted average price per Ordinary Share

 

12.8p

 

 

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, the Company's issued share capital shall comprise 527,043,916 Ordinary
Shares, of which none are held in treasury.

 

Hence the figure of 527,043,916 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 will make further
announcements in due course following the completion of any further purchases
pursuant to the Programme.

 

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

 203,880                              12.8                                          15:55:09             INVE

 

 

 

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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