Logistics Development Group return £21 million to shareholders via a tender offer
April 2025
Logistics Development Group is an AIM-listed Investing Company, originally admitted to AIM in April 2017 under the name of Eddie Stobart Logistics.
At a General Meeting in December 2020, the Company obtained shareholder approval to become an Investing Company to be managed by DBAY Advisers with an investing policy focused on logistics assets.
The Company name was changed to Logistics Development Group in February 2021 to better reflect its changed status as an Investing Company.
It’s current investing portfolio includes Finsbury Food Group, SQLI and Alliance Pharma.
Tender Offer
Having announced they were contemplating a tender offer to return up to £21 million to shareholders in December 2024, the Company made a further announcement on 28th March 2025 confirming the Offer at a Tender Price of 19 pence per Ordinary Share which was approved by shareholders at a General Meeting on 22nd April 2025 and the results were published on 24th April 2025.
The Perivan shareholder communications team were delighted to work with Strand Hanson who acted as Financial and Nominated Adviser and Investec Bank who acted as Broker on the documentation which was successfully produced and posted to qualifying shareholders on 28th March 2025.
Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader in the production of documentation relating to corporate finance transactions.
