AIM RULE 26 INFORMATION

Logistics Development Group plc is a company incorporated in England and Wales and was registered in March 2014 with registered number 08922456. The main country of operation is the United Kingdom.

The information is being disclosed for the purposes of AIM Rule 26. The page was last updated on 31st December 2020.

On 31 December 2020 the Company was re-admitted to AIM as an investing company managed by DBAY Advisers with an investing policy focused on logistics assets.The investment objectives of the Company will be to provide shareholders with attractive total returns achieved through capital appreciation and, when prudent,shareholder distributions and dividends in line with the dividend policy.

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1. Investing Policy

2. The role of the Investment Manager

3. Details of Investment Manager

The Board

The Board is currently made up of four non-executive directors, three of whom are considered to be independent.

The Board meets regularly to review, formulate and approve the Company’s strategy, budgets, corporate actions and oversee the Company’s progress towards its strategic objectives. It has established an Audit Committee and a Remuneration Committee with formally delegated duties and responsibilities and with written terms of reference. From time to time, separate committees may be set up by the Board to consider specific issues when the need arises.

Adrian Collins
Independent Non-Executive Chairman
Member of the Audit Committee and Chair of the Remuneration Committee
Adrian has worked in the fund management business for over 40 years, most recently at Liontrust Asset Management where he served as Chairman from 2009 to 2019. Prior to that he was Managing Director at Gartmore Investment Management, where he spent a large part of his career. Adrian is currently Chairman of CIP Merchant Capital Ltd, Non-executive Director of Hargreaves Lansdown plc and a Director of Fincorp International Ltd.

Stephen Harley
Independent Non-Executive Director
Member of the Audit Committee and Remuneration Committee
Stephen brings significant international logistics and supply chain expertise to the Board. He spent most of his 42 year career with Ford in logistics and supply chain management and held the most senior positions in this area; executive director for global material planning and logistics and for parts supply and logistics.
Stephen is currently Managing Director, Advance Manufacturing for Laing O’Rourke.

Saki Riffner
Non-executive Director
Member of the Audit Committee and Remuneration Committee
Saki is Chief Investment Officer and Co-Founder of DBAY Advisors Ltd, and has extensive experience in the logistics and distribution sector, as well as significant knowledge of the Company’s operations. Saki previously worked at Laxey Partners and Rothschild.

David Facey
Independent Non-executive Director
Chairman of the Audit Committee
Member of the Remuneration Committee
David is a Fellow of the Institute of Chartered Accountants. David has over 25 years of experience of corporate finance and was a founding partner of SP Angel Corporate Finance LLP an AIM Nomad and broker. He was formerly a senior corporate finance executive with HSBC Investment Bank.

During his career David has undertaken complex transactions advising governments, public companies and private companies of all sizes and has recent experience of being an executive director of AIM listed companies.

David is currently a Non-Executive Director of Blue Rock Diamonds plc, and a director of Kareevlei Mining (pty)Ltd (Subsidiary of BlueRock),Chacey Capital Limited and Chacey LLP

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1. The Role of the Board

2. The Role of the Chairman

The Company is committed to high standards of corporate governance and complies with the requirements of the Corporate Governance Code of the Quoted Companies Alliance (“QCA Code”). Our statement of corporate compliance with the QCA Code, together with our Chairman’s corporate governance statement, is set out in the download below.

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1. LDG Plc Corporate Governance 2021

Audit Committee
The Audit Committee is responsible for monitoring the integrity of the financial statements of the Company, advising on appropriate accounting policies, reviewing risk management policies, approving the external audit plan and reviewing the effectiveness of the external auditor and monitoring the provision of services by third parties.

Remuneration Committee
The Remuneration Committee is responsible for recommending to the Board the remuneration of the Company’s Non-executive Directors and liaising with any company in which the Company has a direct or indirect shareholding on any remuneration or incentivisation policies of arrangements if requested.

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1. Audit Committee Terms of Reference

2. Remuneration Committee Terms of Reference

Company Secretary & Registered Office:
Sarah Wakeford
Logistics Development Group plc
3 More London Riverside,
4th Floor,
London.
SE1 2AQ

(companysecretary@ldgplc.com)
Tel: +44 (0)20 7397 5450

Financial & Nominated Adviser:
Strand Hanson Limited
26 Mount Row
London
W1K 3SQ

Broker:
Investec Bank plc
30 Gresham Street
London
EC2V 1AR

Auditors:
PricewaterhouseCoopers LLP
1 Hardman Square
Manchester
M3 3EB

Company Registrars:
Link Asset Services
The Registry, 34 Beckenham Road
Beckenham, Kent BR3 4TU

Tel UK: 0371 664 0321*
Email: emailquery@linkgroup.co.uk

*Calls are charged at the standard geographic rate and will vary by provider

Calls outside the United Kingdom will be charged at the applicable international rate

Lines are open between 09:00 – 17:30, Monday to Friday excluding public holidays in England and Wales

Different charges may apply to calls from mobile telephones and calls may be recorded and randomly monitored for security and training purposes

The helpline cannot provide advice on the merits of any Proposals, nor give any financial, legal or tax advice

Public Relations Advisers:
FTI Consulting
200 Aldersgate Street
London
EC1A 4HD

Logistics Development Group plc (formerly Eddie Stobart Logistics plc) is traded on the Alternative Investment Market of the London Stock Exchange. The Company is not admitted to trading on any other exchanges or trading platforms.

Logistics Development Group plc is subject to the UK City Code on Takeovers and Mergers.

Issued share capital as at 31 December 2020 is 702,205,900 Ordinary Shares, of £0.01 each, none of which are held in treasury. Up to 39% of the AIM securities are not in public hands.

NAMEORDINARY SHARES HELDPERCENTAGE OF EXISTING (%) ORDINARY SHARE CAPITAL
DBAY Advisors Limited189,441,89126.98
Stobart Group Limited64,149,5009.14

Date as at 31 December 2020.

There are no restrictions on the transfer of the Company’s AIM securities.