Logistics Development Group (GB:LDG) has released an update.
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Logistics Development Group PLC has announced plans to publish a circular detailing a proposed share buyback program aimed at reducing the discount on the company’s net asset value per share and providing shareholders with an exit opportunity. The share buyback, funded by existing cash resources and distributable reserves, follows a prior buyback program that concluded with 37,414,326 shares acquired at an average price of 13.645 pence per share. A general meeting is scheduled for September 4, 2024, to seek shareholder approval for the new buyback of up to 15% of the voting share capital.
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