Transaction in Own Shares

RNS Number : 1102D

Logistics Development Group PLC

01 March 2022

 

1 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	28 February 2022
Number of Ordinary Shares purchased	1,334,573
Highest price paid per Ordinary Share	14.44p
Lowest price paid per Ordinary Share	14.301p
Volume weighted average price per Ordinary Share	14.3904p

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 700,789,050 Ordinary Shares, of which none are held in treasury.

Hence the figure of 700,789,050 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
46,084	14.43	09:27	INVE
99,723	14.44	11:38	INVE
88,766	14.306	11:38	INVE
1,000,000	14.4	13:06	INVE
100,000	14.301	16:21	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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