From 8 Opening Position Disclosure
DBAY Advisors Limited, acting as the offeror for Logistics Development Group plc, has disclosed its holdings as of October 15, 2026. DBAY Advisors Limited, managing DouglasBay Capital III Fund LP, holds 112,578,152 ordinary shares, representing 27.20% of the company's issued share capital, with no short positions. Additionally, several individuals acting in concert with DBAY Advisors Limited hold further shares, including Colin Kingsnorth with 8,010,500 shares (1.94%), Alex Paiusco with 7,673,352 shares (1.85%), and William Stobart with 3,889,844 shares (0.94%), among others. There are no disclosed indemnity or option arrangements.
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Rules 8.1 and 8.2 of the Takeover Code (the "Code")
KEY INFORMATION
| (a) Full name of discloser: | DBAY Advisors Limited |
| (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. | DouglasBay Capital III Fund LP, managed on a discretionary basis by DBAY Advisors Limited (registered holder: Ropemaker Nominees Limited) |
| (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Logistics Development Group plc |
| (d) Is the discloser the offeror or the offeree? | OFFEROR |
| (e) Date position held: The latest practicable date prior to the disclosure | 15 October 2026 |
POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
| Class of relevant security: | Ordinary shares of £0.01 each (ISIN: GB00BD8QVC95) | |||
|---|---|---|---|---|
| Interests | Short positions | |||
| Number | % | Number | % | |
| (1) Relevant securities owned and/or controlled: | 112,578,152 | 27.20% | Nil | Nil |
| (2) Cash-settled derivatives: | Nil | Nil | Nil | Nil |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | Nil | Nil | Nil | Nil |
| TOTAL: | 112,578,152 | 27.20% | Nil | Nil |
All interests and all short positions should be disclosed.
Rights to subscribe for new securities
| Class of relevant security in relation to which subscription right exists: | None |
| Details, including nature of the rights concerned and relevant percentages: | N/A |
- POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
The following persons acting in concert with DBAY Advisors Limited are interested in relevant securities of Logistics Development Group plc: Name Number of ordinary shares held Percentage of total issued share capital (to 2 d.p.) Colin Kingsnorth* 8,010,500 1.94% Alex Paiusco 7,673,352 1.85% David Morrison 5,000,000 1.21% Saki Riffner 3,774,284 0.91% Mike Branigan 1,691,764 0.41% Andrew Pegge 1,424,234 0.34% Michael Haxby 999,428 0.24% Peter Nixon 465,668 0.11% Jakub Crhonek 585,253 0.14% William Stobart 3,889,844 0.94% * Includes 1,440,553 shares held by Ursus Capital Limited, a company controlled by Colin Kingsnorth. Colin Kingsnorth is a Non-Executive Director of Logistics Development Group plc.
- OTHER INFORMATION
- Indemnity and other dealing arrangements
None
- Agreements, arrangements or understandings relating to options or derivatives
None
Attachments
Are any Supplemental Forms attached?
| Supplemental Form 8 (Open Positions) | NO |
| Supplemental Form 8 (SBL) | NO |
| Date of disclosure: | 15 October 2026 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.