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 25th May 2023.
2. The role of the Investment Manager
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.
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.
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.
Member of the Audit Committee and Remuneration Committee
Peter Nixon has over 25 years of experience in finance and joined DBAY in 2009. Peter initially acted as Group Chief Accountant and Head of Shared Services at the logistics business, TDG, which was a DBAY investee company from 2008 to 2011 and has subsequently been involved in several other DBAY investments, including Eddie Stobart, Unlimited Group, Harvey Nash Group, Telit Communications and, most recently, LDG. Peter will be retiring from his full-time role at DBAY at the end of 2021. Peter previously held senior roles at United Utilities Plc, BBA Group Plc and The Reader’s Digest. Peter is a qualified Chartered Accountant, having been an Audit Manager at Deloitte, and holds a degree in Mathematics and Physics from Manchester University.
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
3. A Collins directors contract LDG
4. D Facey directors contract LDG
5. S Harley directors contract LDG
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.
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.
1. Audit Committee Terms of Reference
Company Secretary & Registered Office:
Logistics Development Group plc
3 More London Riverside,
Tel: +44 (0)20 7397 5450
Financial & Nominated Adviser:
Strand Hanson Limited
26 Mount Row
Investec Bank plc
30 Gresham Street
10 Queen Street Place
Link Asset Services
The Registry, 34 Beckenham Road
Beckenham, Kent BR3 4TU
Tel UK: 0371 664 0321*
*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:
200 Aldersgate Street
1. Certificate of Incorporation on change of name
1. 2020 AIM Admission Document
2. 2020 Eddie Stobart plc articles
Results of General Meeting 2023
Circular and Notice of GM 2023
LDG Circular and notice of General Meeting 14 01 2022
RNS Logistics plc – Results of General Meeting Announcement
Logistics Development Group plc is subject to the UK City Code on Takeovers and Mergers.
Issued share capital as at 25th May 2023 is 555,366,182 Ordinary Shares, of £0.01 each, none of which are held in treasury. Up to 32.61% of the AIM securities are not in public hands.
|NAME||ORDINARY SHARES HELD||PERCENTAGE OF EXISTING (%) ORDINARY SHARE CAPITAL|
|DBAY Advisors Limited||143,701,525||25.58|
|Stobart Group Limited||64,149,500||11.42|
|Hargreaves Lansdown Asset Mgt||53,854,566||9.59|
Date as at 22nd March 2023
There are no restrictions on the transfer of the Company’s AIM securities.