TIDMLDG

RNS Number : 8623G

Logistics Development Group PLC

01 April 2022

1 April 2022

Logistics Development Group plc

("LDG" or the "Company")

Further Caretech Investment

LDG is pleased to announce that, further to its announcement on 10 March 2022, it has purchased an additional 974,130 ordinary shares in Caretech Holdings PLC ("Caretech") (LON:CTH), at an average price of GBP6.95 per share, for a total cash consideration of GBP6,769,069.

Following these purchases, LDG is interested in 1,974,130 Caretech shares representing approximately 1.74% of Caretech's issued share capital.

For the twelve-month period ending 30 September 2021, Caretech reported net assets of GBP380,917,000 and net profits of GBP35,328,000.

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU No. 596/2014) (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

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

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April 01, 2022 02:00 ET (06:00 GMT)

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