28 June 2022
Logistics Development Group plc
("LDG" or the "Company")
CareTech Update
LDG notes that, further to its announcement of 4 April 2022, Amalfi Bidco Limited (a consortium formed by Sheikh Holdings Group (Investments) Limited), has announced a recommended cash offer (with a partial rollover alternative) for CareTech Holdings PLC ("CareTech"), at a price of 750 pence per CareTech share. LDG currently holds 1,974,130 CareTech shares, representing approximately 1.74% of CareTech's issued share capital.
In addition, DBAY Advisors Ltd ("DBAY"), the Company's investment manager, has confirmed that, further to its announcement of 4 April 2022, it is not intending to make an offer for CareTech.
For enquiries:
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Logistics Development Group plc |
Via FTI Consulting |
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FTI Consulting Nick Hasell Alex Le May Cally Billimore |
+44 (0) 20 3727 1340 |
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Strand Hanson Limited (Financial and Nominated Adviser) James Spinney James Dance Abigail Wennington |
+44 (0) 20 7409 3494 |
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Investec Bank plc (Broker) Gary Clarence Harry Hargreaves |
+44 (0) 20 7597 5970 |