Finsbury Food Group Investment - Update
24 October 2022
Logistics Development Group plc
("LDG") or the "Company")
Finsbury Food Group Investment - Update
LDG is pleased to announce that, further to its announcement on 18 October 2022, it has acquired a further 1,250,000 ordinary shares in Finsbury Food Group plc ("Finsbury") (LON:FIF) at an average price of £0.86 per ordinary share, for a total cash consideration of £1,073,500.
Following these purchases, LDG is interested in 10,082,000 ordinary shares in Finsbury, representing approximately 7.73% of Finsbury's issued share capital.
For the 53 weeks period ending 2 July 2022 Finsbury reported a pre-tax profit of £17.0 million. As at, 31 December 2021, Finsbury reported net assets of £113.9 million.
For enquiries:
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Logistics Development Group plc
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Via FTI Consulting
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FTI Consulting Nick Hasell Alex Le May Cally Billimore |
+44 (0) 20 3727 1340 |
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Strand Hanson Limited (Financial and Nominated Adviser) James Spinney James Dance Abigail Wennington
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+44 (0) 20 7409 3494 |
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Investec Bank plc (Broker) Gary Clarence Harry Hargreaves |
+44 (0) 20 7597 5970 |
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