Further Alliance Pharma plc Investment

RNS Number : 8890Q

Logistics Development Group PLC

23 February 2023

 

23 February 2023

Logistics Development Group plc

("LDG") or the "Company")

Further Alliance Pharma plc Investment

LDG is pleased to announce that, further to its announcement on 22 December 2022, it has purchased an additional 18,686,042 ordinary shares in Alliance Pharma plc ("Alliance") (LON:APH), at an average price of £0.5911 per ordinary share, for a total cash consideration of £3,452,782.

Following these purchases, LDG is interested in approximately 3.46% of Alliance's issued share capital.

Alliance is an international healthcare group founded in 1996 and headquartered in the United Kingdom. The company acquires, markets, and distributes consumer healthcare and prescription medicine products.

For the year ended 31 December 2021, Alliance reported an underlying pre-tax profit of £42.2 million. As at 30 June 2022, Alliance reported net assets of £296.9 million.

For enquiries:

Logistics Development Group plc	Via FTI Consulting
FTI Consulting Nick Hasell Alex Le May Cally Billimore	[phone]
Strand Hanson Limited (Financial and Nominated Adviser) James Spinney James Dance Abigail Wennington	[phone]
Investec Bank plc (Broker) Gary Clarence Harry Hargreaves	[phone]

 

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