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On 22 December 2022, Logistics Development Group plc (LDG) acquired 12,845,000 ordinary shares in Alliance Pharma plc at an average price of £0.4611 per share. This transaction involved a total cash consideration of £5,922,820, following which LDG is interested in approximately 2.38% of Alliance's issued share capital.
| Date | 22 Dec 2022 |
| Time | 10:31:14 |
| Category | Acquisitions and alliances |
| ID | 6366K |
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 £0.4611 per ordinary share, for a total cash consideration of £5,922,820.
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 £42.2 million. As at 30 June 2022, Alliance reported net assets of £296.9 million.
For enquiries:
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Logistics Development Group plc |
Via FTI Consulting |
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FTI Consulting Nick Hasell Alex Le May Cally Billimore |
+44 (0) 20 3727 1340 |
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Strand Hanson Limited (Financial and Nominated Adviser) James Spinney James Dance Abigail Wennington
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+44 (0) 20 7409 3494 |
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Investec Bank plc (Broker) Gary Clarence Harry Hargreaves |
+44 (0) 20 7597 5970 |