A regulatory filing published Friday shines fresh light on trading activity surrounding Logistics Development Group Plc (LDG.L) as a takeover process continues to unfold around the company.
Investec Bank Plc, acting in a client-serving capacity as an exempt principal trader, disclosed the sale of 25,000 ordinary shares in Logistics Development Group on 12th November 2026.
The transaction was executed at a flat price of 23p per share, with both the highest and lowest recorded prices matching precisely, indicating a single clean execution.
Investec disclosed the dealings under Rule 8.5 of the UK Takeover Code, which governs public disclosure obligations for exempt principal traders operating with recognised intermediary status.
The bank’s position in the situation carries additional significance because Investec is serving as adviser to DBAY Advisors Limited, a party connected to the offer concerning Logistics Development Group.
That advisory relationship places Investec’s trading disclosures under heightened scrutiny, as the Takeover Code requires connected parties to report dealings transparently during live offer periods.
The filing confirmed there were no cash-settled derivative transactions, no stock-settled derivative transactions, and no options activity linked to the disclosed dealings.
Investec also stated that no indemnity arrangements, option agreements, or formal and informal understandings relating to relevant securities were in place that could be construed as an inducement to deal or refrain from dealing.
Regulatory filings of this type must be submitted to a Recognised Information Service, and the Panel’s Market Surveillance Unit oversees compliance with the Code’s dealing disclosure requirements.
The disclosure was filed on 13th November 2026, one day after the dealing date, in line with standard Takeover Code reporting timelines for exempt principal traders.
Contact for the filing was listed as Abhishek Gawde, reachable via an Indian telephone number, reflecting Investec’s international operational structure.
For investors tracking the offer process, the absence of derivative activity and the modest share volume suggest routine client-serving market-making rather than any strategic directional position being taken by the bank.
