Logistics Development Group plc
(“LDG” or the “Company”)
Synsion Investment and Intended Further Share Buyback
LDG is pleased to announce an investment of €18.5m (c.£15.9m) into Synsion TopCo Ltd (“Synsion Topco”), the private holding company of a group of companies (the “Synsion Group”) formed by DBAY Advisors Limited (“DBAY”), the Company’s investment manager, specifically to invest in SQLI S.A. (ENXTPA:SQI) (“SQLI”) (the “Investment”), a leading pan-European digital transformation business. The Company is also pleased to announce its intention to initiate a further share buyback, additional details of which are set out in the pdf below.