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 03 March 2022

Number of Ordinary Shares purchased 905,596

Highest price paid per Ordinary Share 14.4p

Lowest price paid per Ordinary Share 14.25p 

Volume weighted average price per Ordinary Share 14.3331p

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 697,325,083 Ordinary Shares, of which none are held in treasury.

Hence the figure of 697,325,083 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.

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