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An update from Logistics Development Group ( (GB:LDG) ) is now available.
Logistics Development Group PLC (LDG) has announced a proposed Tender Offer to return up to £21 million to its shareholders, with a Tender Price of 19 pence per Ordinary Share. This initiative, if fully implemented, would result in the company purchasing approximately 21.08% of its Voting Share Capital. The Tender Offer is set to be financed from LDG’s existing cash resources and distributable reserves, and a General Meeting is scheduled for April 22, 2025, to discuss this proposal. The move is part of the company’s strategy to enhance shareholder value, following the conclusion of a previous share buyback program.
More about Logistics Development Group
YTD Price Performance: 12.69%
Average Trading Volume: 615,575
Technical Sentiment Signal: Sell
Current Market Cap: £76.48M
See more insights into LDG stock on TipRanks’ Stock Analysis page.