Logistics Development Group Announces Proposed Tender Offer
Why we think this is neutral
This RNS announcement is a general update on a proposed tender offer, which does not contain any specific financial or operational details that would warrant a strong sentiment score. The announcement provides details on the tender offer, but does not include any information on the company's trading performance or financial results.
Key Points
- Proposed tender offer to return up to £21 million to shareholders
- Tender price of 19 pence per ordinary share
- Tender offer would result in the purchase of approximately 21.08% of the company's voting share capital
Summary
The logistics company announces a proposed tender offer to return up to £21 million to shareholders.
Logistics Development Group plc (LDG) has announced a proposed tender offer to return up to £21 million to shareholders at a tender price of 19 pence per ordinary share. The tender offer, if implemented in full, would result in the purchase of approximately 21.08% of the company's voting share capital. The tender offer is to be financed from the company's existing cash resources and using distributable reserves.
Key Dates
22 April 2025
General Meeting to approve the Tender Offer
24 April 2025
Announcement of results of the Tender Offer
GENERAL UPDATE