Logistics Development Group plc (AIM:LDG) commences share repurchases on April 5, 2023, under the program mandated by the shareholders in the Shareholder's General Meeting held on March 6, 2023. As per the mandate, the company is authorized to repurchase up to 112,352,944 shares, representing 20% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is nominal value of share and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average middle market quotations for an ordinary Share as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased. The shares purchased may be cancelled. The authority shall expire at the earlier of the conclusion of the annual general meeting of the company in 2024, unless such authority is otherwise revoked or varied prior to the date of such expiry. As of February 14, 2023, the company had 561,764,720 ordinary shares in issue.

On April 4, 2023, the company announced a share repurchase program. Under the program, the company entered into an irrevocable, non-discretionary agreement with Investec Bank plc ("Investec") to repurchase 112,352,944 shares.