Business
Further Caretech Investment
Further Caretech Investment.
About this update from Logistics Development Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8623G\n Logistics Development Group PLC\n 01 April 2022\n \n \n \n \n 1 April 2022\n \n \n \n \n \n Logistics Development Group plc \n \n \n \n \n \n (\"LDG\" or the \"Company\")\n \n \n \n \n \n Further Caretech Investment\n \n \n \n \n \n LDG is pleased to announce that, further to its announcement on 10 March 2022, it has purchased an additional \n 974,130\n ordinary shares in Caretech Holdings PLC (\"Caretech\") (LON:CTH), at an average price of £6.95 per share, for a total cash consideration of \n £6,769,069. \n \n \n \n \n \n Following these purchases, LDG is interested in 1,974,130 Caretech shares representing approximately 1.74% of Caretech's issued share capital. \n \n \n \n \n \n For the twelve-month period ending 30 September 2021, Caretech reported net assets of £380,917,000 and net profits of £35,328,000. \n \n \n \n \n \n \n \n \n \n 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 \n \n \n European Union\n \n \n (Withdrawal) Act 2018. \n \n \n \n \n \n \n \n \n \n For enquiries: \n \n \n \n \n \n \n \n \n \n Logistics Development Group plc\n \n \n \n \n Via FTI Consulting\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n FTI Consulting\n \n \n Nick Hasell\n \n \n Alex Le May \n \n \n Cally Billimore\n \n \n \n \n +44 (0) 20 3727 1340\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Strand Hanson Limited\n \n \n (Financial and Nominated Adviser)\n \n \n James Spinney\n \n \n James Dance \n \n \n Abigail Wennington\n \n \n \n \n \n \n \n +44 (0) 20 7409 3494\n \n \n \n \n \n \n Investec Bank plc\n \n \n (Broker) \n \n \n Gary Clarence\n \n \n Harry Hargreaves\n \n \n \n \n +44 (0) 20 7597 5970\n \n \n \n \n \n \n \n \n \n \n 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 [email protected] or visit www.rns.com...