A block of 50,000 ordinary shares in Logistics Development Group plc changed hands at a uniform price of 21.5 pence per share on Monday, 26 October 2026.
The buyer was Investec Bank Plc, acting in its capacity as an exempt principal trader dealing in a client-serving role under the UK Takeover Code.
The transaction carries added significance because Investec simultaneously holds the position of financial adviser to DBAY Advisors Limited, the party making an offer related to Logistics Development Group.
That dual role requires strict regulatory disclosure, and Investec fulfilled this obligation by filing a Form 8.5 under Rule 8.5 of the Takeover Code on 27 October 2026.
Rule 8.5 governs how exempt principal traders with recognised intermediary status must publicly report their dealings in securities connected to live offer situations.
The purchase was executed entirely in ordinary shares, with no derivative instruments, options, or other structured products forming any part of Monday’s activity.
Investec confirmed there are no indemnity arrangements, option agreements, or any formal or informal understandings relating to voting rights or future acquisitions connected to this disclosure.
The clean nature of the filing, with all derivative and arrangement fields returned as not applicable, suggests a straightforward secondary market purchase rather than a structured position.
Logistics Development Group plc trades on the London Stock Exchange under the ticker LDG.L, which showed no price movement on the day of the disclosure.
Investec Bank Plc’s parent company, Investec plc, trades in London under the ticker INVP.L, which recorded a gain of 0.57% around the time of the filing.
The disclosure was submitted by contact Priyali Bhattacharjee and was made available through a regulatory information service as required under the Takeover Panel’s rules.
The UK Takeover Panel’s Market Surveillance Unit oversees compliance with dealing disclosure requirements throughout live offer periods, ensuring transparency in market activity around potential acquisitions.
