ESL Eddie Stobart Logistics Plc

TIDMLDG

RNS Number : 9179D

Logistics Development Group PLC

24 October 2022

24 October 2022

Logistics Development Group plc

("LDG") or the "Company")

Finsbury Food Group Investment - Update

LDG is pleased to announce that, further to its announcement on 18 October 2022, it has acquired a further 1,250,000 ordinary shares in Finsbury Food Group plc ("Finsbury") (LON:FIF) at an average price of GBP0.86 per ordinary share, for a total cash consideration of GBP1,073,500.

Following these purchases, LDG is interested in 10,082,000 ordinary shares in Finsbury, representing approximately 7.73% of Finsbury's issued share capital.

For the 53 weeks period ending 2 July 2022 Finsbury reported a pre-tax profit of GBP17.0 million. As at, 31 December 2021, Finsbury reported net assets of GBP113.9 million.

For enquiries:

 
 Logistics Development Group             Via FTI Consulting 
  plc 
 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 
  (Broker) 
  Gary Clarence 
  Harry Hargreaves                     +44 (0) 20 7597 5970 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCBSBDGDBDDGDS

(END) Dow Jones Newswires

October 24, 2022 10:20 ET (14:20 GMT)

Grafico Azioni Eddie Stobart Logistics (LSE:ESL)
Storico
Da Dic 2024 a Gen 2025

Grafico Azioni Eddie Stobart Logistics (LSE:ESL)
Storico
Da Gen 2024 a Gen 2025