Logistics Development Group PLC Finsbury Food Group Investment

TIDMLDG

RNS Number : 9179D

Logistics Development Group PLC

24 October 2022

Logistics Development Group plc

("LDG") or the "Company")

Finsbury Food Group Investment - Update

LDG is pleased to announce that, further to its announcement on 18 October 2022, it has acquired a further 1,250,000 ordinary shares in Finsbury Food Group plc ("Finsbury") (LON:FIF) at an average price of GBP0.86 per ordinary share, for a total cash consideration of GBP1,073,500.

Following these purchases, LDG is interested in 10,082,000 ordinary shares in Finsbury, representing approximately 7.73% of Finsbury's issued share capital.

For the 53 weeks period ending 2 July 2022 Finsbury reported a pre-tax profit of GBP17.0 million. As at, 31 December 2021, Finsbury reported net assets of GBP113.9 million.

For enquiries:

 
 Logistics Development Group             Via FTI Consulting 
  plc 
 FTI Consulting 
  Nick Hasell 
  Alex Le May 
  Cally Billimore                      +44 (0) 20 3727 1340 
 
 Strand Hanson Limited 
  (Financial and Nominated Adviser) 
  James Spinney 
  James Dance 
  Abigail Wennington                   +44 (0) 20 7409 3494 
 Investec Bank plc 
  (Broker) 
  Gary Clarence 
  Harry Hargreaves                     +44 (0) 20 7597 5970

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(END) Dow Jones Newswires

October 24, 2022 10:20 ET (14:20 GMT)

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