Logistics Development Group PLC Share Capital Reduction (5146U)

TIDMLDG

RNS Number : 5146U

Logistics Development Group PLC

29 March 2023

Logistics Development Group plc

("LDG" or the "Company")

Share Capital Reduction

LDG is pleased to announce that the cancellation of 140,441,180 ordinary shares of GBP0.01 each which were subject to the buyback effected by the Company between 25 February 2022 and 6 April 2022 (the "Capital Reduction"), which was approved by shareholders on 6 March 2023, was sanctioned by the High Court of England and Wales on 28 March 2023. The order of the High Court confirming the Capital Reduction, and the statement of capital approved by the High Court in connection therewith, will be delivered to the Registrar of Companies today. The Capital Reduction will then become effective upon the registration of the Court order by the Registrar of Companies.

Following the Capital Reduction, the issued share capital of the Company consists of 561,764,720 ordinary shares of GBP0.01 each.

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 Dance 
  Richard Johnson 
  Abigail Wennington                   +44 (0) 20 7409 3494 
 Investec Bank plc 
  (Broker) 
  Gary Clarence 
  Harry Hargreaves                     +44 (0) 20 7597 5970

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(END) Dow Jones Newswires

March 29, 2023 02:00 ET (06:00 GMT)

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