Logistics Development Group plc
(“LDG” or the “Company”)

LDG notes Possible Offer for CareTech by DBAY

LDG notes that DBAY Advisors Limited (“DBAY”), the Company’s investment manager, has made an indicative proposal to CareTech Holdings PLC (LON: CTH) (“CareTech”) regarding a possible all cash offer for CareTech at 750 pence per CareTech share (the “Possible Offer”), which was announced by DBAY this morning.

DBAY’s Possible Offer announcement was released further to the PUSU deadline being extended in relation to a possible offer by a consortium formed by Sheikh Holdings Group (Investments) Limited (“Sheikh Holdings”), at 725 pence per CareTech share, as announced on 1 April 2022. Sheikh Holdings announced its possible offer on 7 March 2022.

As announced on 1 April 2022, LDG currently holds 1,974,130 CareTech shares, representing approximately 1.74% of CareTech’s issued share capital.

Further announcements will be made as and when appropriate.

For enquiries:

Logistics Development Group plc via FTI Consulting

FTI Consulting
Nick Hasell
Alex Le May
Cally Billimore
+44 (0) 20 3727 1340

Strand Hanson Limited
(Financial and Nominated Adviser)
James Spinney
James Dance
Abigail Wennington
+44 (0) 20 7409 3494

Investec Bank plc
Gary Clarence
Harry Hargreaves
+44 (0) 20 7597 5970

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