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Logistics Development Group ( (GB:LDG) ) has shared an announcement.
Logistics Development Group plc announced the redemption of its £10 million investment in NashTech, resulting in a cash distribution of approximately £13.1 million and an impressive net IRR of 36%. This boosts LDG’s cash reserves to about £44 million. The company plans to return up to £21 million to shareholders through a proposed tender offer at 19 pence per share, pending shareholder approval. Future distributions will be based on 50% of net cash profits from asset sales and contingent on market conditions. Additionally, LDG will start publishing unaudited NAV estimates quarterly, enhancing transparency for stakeholders.
More about Logistics Development Group
Logistics Development Group plc (LDG) is an AIM-quoted investing company focused on realizing returns through strategic investments. The company, along with its subsidiaries, operates in the investment sector and has been engaged in distributing profits to shareholders, primarily via share buybacks, since its transition to an investing entity in December 2020.
YTD Price Performance: -17.46%
Average Trading Volume: 405,843
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £54.29M
See more data about LDG stock on TipRanks’ Stock Analysis page.
