Transaction in Own Shares

RNS Number : 3438F

Logistics Development Group PLC

21 March 2022

 

21 March 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	18 March 2022
Number of Ordinary Shares purchased	15,827,052
Highest price paid per Ordinary Share	16p
Lowest price paid per Ordinary Share	15.751p
Volume weighted average price per Ordinary Share	15.9988p

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 653,738,108 Ordinary Shares, of which none are held in treasury.

Hence the figure of 653,738,108 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 S hares purchased	Transaction price (pence per Ordinary Share )	Time of transaction	Trading venue
50,000	15.751	09:31	INVE
77,052	15.906	09:32	INVE
2,000,000	16	10:17	INVE
3,000,000	16	11:21	INVE
1,000,000	16	11:39	INVE
3,000,000	16	12:32	INVE
5,000,000	16	12:48	INVE
1,000,000	16	12:57	INVE
700,000	16	15:19	INVE

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]

 

END

 

 

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