Logistics Development Group (GB:LDG) has released an update.
Logistics Development Group PLC, an AIM-quoted investing company, has received a demand from a significant shareholder to convene a general meeting, with the aim to amend its investment policy, seek shareholder approval for investment management agreement changes, and appoint James Ede-Golightly as a new director. The shareholder, holding approximately 6.86% of the company’s shares, is advocating for a shift in strategy to prioritize returning capital to shareholders and managing expenses to maximize cash distributions. The company’s board is currently reviewing the requisition and will issue further advice to shareholders.
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