Logistics Development Group PLC Further Alliance Pharma plc Investment (5935T)

TIDMLDG

RNS Number : 5935T

Logistics Development Group PLC

21 March 2023

Logistics Development Group plc

("LDG") or the "Company")

Further Alliance Pharma plc Investment

LDG is pleased to announce that, further to its announcement on 23 February 2023, it has purchased an additional 10,160,766 ordinary shares in Alliance Pharma plc ("Alliance") (LON:APH), at an average price of GBP0.6683 per ordinary share, for a total cash consideration of GBP6,790,805.

Following these purchases, LDG is interested in 28,966,354 Alliance ordinary shares, representing approximately 5.36% 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.

Due to an administrative error, the previous update in respect of LDG's Alliance investment, announced on 23 February 2023, should have stated a holding of 18,805,588 Alliance ordinary shares at that time.

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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