Logistics Development Group PLC Alliance Pharma plc Investment (6366K)

TIDMLDG

RNS Number : 6366K

Logistics Development Group PLC

22 December 2022

Logistics Development Group plc

("LDG") or the "Company")

Alliance Pharma plc Investment

LDG is pleased to announce that it has acquired 12,845,000 ordinary shares in Alliance Pharma plc ("Alliance") (LON:APH) at an average price of GBP0.4611 per ordinary share, for a total cash consideration of GBP5,922,820.

Following these purchases, LDG is interested in approximately 2.38% of Alliance's issued share capital.

Alliance is an international healthcare group founded in 1996 and headquartered in the United Kingdom. The company acquires, markets, and distributes consumer healthcare and prescription medicine products.

For the year ended 31 December 2021, Alliance reported an underlying pre-tax profit of GBP42.2 million. As at 30 June 2022, Alliance reported net assets of GBP296.9 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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December 22, 2022 05:31 ET (10:31 GMT)

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