LDG.L

Logistics Development Group Plc
Logistics Dev Grp - Transaction in Own Shares
3rd May 2024, 06:00
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RNS Number : 0697N
Logistics Development Group PLC
03 May 2024
 

3rd May 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

2nd May 2024

 

Number of Ordinary Shares purchased

56,575

 

Highest price paid per Ordinary Share

 

11.7p

 

Lowest price paid per Ordinary Share

 

11.7p

 

Volume weighted average price per Ordinary Share

 

11.7p

 

 

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 524,626,760 Ordinary Shares, of which none are held in treasury.

 

Hence the figure of 524,626,760 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





56,575

11.7

16:00:45

INVE

 

 

 

For enquiries:

 

Logistics Development Group plc

Via FTI Consulting

FTI Consulting

Nick Hasell

Alex Le May

+44 (0) 20 3727 1340

 

 

Strand Hanson Limited

(Financial and Nominated Adviser)

James Dance

Richard Johnson

Abigail Wennington

 

+44 (0) 20 7409 3494

Investec Bank plc

(Broker)

Gary Clarence

Harry Hargreaves

+44 (0) 20 7597 5970

 

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