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 6 April 2022
Number of Ordinary Shares purchased 52,786,586
Highest price paid per Ordinary Share 15.9p
Lowest price paid per Ordinary Share 15.9p
Volume weighted average price per Ordinary Share 15.9p
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, LDG can confirm that it has acquired a total of 140,441,180 Ordinary Shares pursuant to the Programme and accordingly the Company’s issued share capital shall comprise 561,764,720 Ordinary Shares, of which none are held in treasury.
Hence the figure of 561,764,720 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 can now confirm the Programme is complete and no further purchases pursuant to the Programme will be made.
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