Logistics Development Group

LDG · AIM · Industrial Goods and Services · mcap £87m · 22.0p 1 open situation →

LDG holds a concentrated portfolio of UK and European investments, run by DBAY Advisors, and returns cash to shareholders as assets are sold. Its newest focus is a UK logistics platform, WS Holdco, which has been growing by acquisition.

Target	Promise	Said	Status
2025
30 May 2025	Reduce discount to NAV per share through a buyback programme	13 Aug 2024	✗ Missed · target changed
	“the Share Buyback may serve to reduce the observed discount to NAV per Ordinary Share” How it developed 13 Aug 2024 Said “the Share Buyback may serve to reduce the observed discount to NAV per Ordinary Share” 28 Mar 2025 ↻ Changed / dropped “the Board believes may serve to reduce the observed discount to NAV per Ordinary Share.” Result Shareholders rejected the waiver resolution on 4 September 2024 and the buyback did not proceed; replaced by a tender offer. “the Board believes may serve to reduce the observed discount to NAV per Ordinary Share.”28 Mar 2025 · Proposed Tender Offer, Circular, & GM Notice “Shareholders should note, however, that there is no guarantee that the Tender Offer will reduce the observed discount to NAV per Ordinary Share”28 Mar 2025 · Proposed Tender Offer, Circular, & GM Notice
after summer 2025	SQLI to roll out rebranding initiative after summer 2025	30 May 2025	✗ Missed · target changed
	“development of a rebranding initiative, scheduled to be rolled out after the summer” How it developed 30 May 2025 Said “development of a rebranding initiative, scheduled to be rolled out after the summer” 21 Oct 2026 ↻ Changed / dropped Result Not mentioned in the 2 results reports since the deadline (after summer 2025) – treated as dropped. 29 Aug 2025 · Portfolio NAV Update