AIM Rule 26

The information below is being disclosed for the purposes of AIM Rule 26. The page was last updated updated on 20 January 2026. Logistics Development Group plc ("LDG" or the "Company") is incorporated in England and Wales. The Company was registered in March 2014 under company number 08922456. LDG was re-admitted to AIM on 31 December 2020 as an investing company, managed by DBAY Advisers Limited ("DBAY"), with the objective of investing in logistics assets with the aim of providing shareholders with attractive total returns achieved through capital appreciation.

Company Information & Business Description

• Investing-Policy.pdf
• The-Role-of-the-Investment-Manager.pdf
• Details-of-Investment-Manager.pdf

The Board

The Board is currently made up of four non-executives, three of whom are considered to be independent.

The Board meets regularly to review, formulate and approve the Company’s strategy, budgets, corporate actions and oversee the Company’s progress towards its strategic objectives. It has established an Audit Committee and a Remuneration Committee with formally delegated duties and responsibilities and with written terms of reference. From time to time, separate committees may be set up by the Board to consider specific issues when the need arises.

Adrian Collins

• Independent Non-Executive Chairman
• Appointed in April 2020
• Director, Fincorp International Limited
• Director, LDL Property Services PLC
• Director, Quantum Base Holdings PLC
• Previously:
  • Managing Director, Gartmore Investment Management
  • Chairman, Liontrust Asset Management
  • Non-Executive Director, Hargreaves Landsdown PLC

David Facey

• Independent Non-Executive Director
• Appointed April 2021
• Non-Executive Director, Astris Advisers UK Limited
• Non-Executive Director, Chacey Capital Limited
• Founding Partner, SP Angel Corporate Finance LLP
• Senior Corporate Finance Executive, HSBC

Colin Kingsnorth

• Non-Executive Director
• Appointed November 2024
• Founder and director, Ursus Capital Limited
• Co-founder, Laxey Partners Limited

Mark Butcher

• Independent Non-Executive Director
• Appointed November 2024
• Non-executive Director and Chair of Audit Committee, ZIGUP PLC
• Previously:
  • Director, AssetCo PLC
  • Independent Non-Executive Director, National Milk Records PLC
  • Investment Director, GPG (UK) Holdings PLC
  • Independent Non-Executive Director and Chair of Audit Committee, Zytronic PLC

Details of the Directors' responsibilities and related documents:

• The-Role-of-the-Board.pdf
• The-Role-of-the-Chairman.pdf

Corporate Governance

• LDG Corporate Governance.pdf

Board Committees

The Board has established the following committees:

• Audit Committee –

  Terms-of-Reference.pdf

• Remuneration Committee –

  Terms-of-Reference.pdf

Number of Securities in Issue

As at 6 March 2025, LDG plc has 413,824,079 Ordinary Shares of £0.01 each in issue.

No shares are held in treasury.

Significant Shareholders

As at 9 March 2026, the following shareholders held 3% or more of the Company's issued share capital:

• DBAY Advisors Limited – 112,578,152 shares - 27.20%
• Richard Griffiths – 64,805,464 shares - 15.66%
• Cyrus Capital Partners – 35,363,892 shares - 8.55%
• Bank Julius Baer - 27,311,415 shares - 6.60%
• Hargreaves Lansdown Asset Management - 25,103,162 shares - 6.07%
• Interactive Investor - 16,758,328 shares - 4.05%

Concert Party aggregate holding: 35.3%

Constitutional Documents

• Certificate-of-Incorporation-on-Change-of-Name.pdf
• Articles-of-Association.pdf
• Certificate-of-Incorporation.pdf

AIM Admission Documents

• 2020-AIM-Admission-Document.pdf
• 2020-Eddie-Stobart-plc-Articles.pdf
• 2020-DBAY-Advisors-IMA.pdf
• 2017-AIM-Admission-Document.pdf

Service Providers

The Company's Nominated Adviser is Stand Hanson Limited (26 Mount Row, London, W1K 3SQ)

The Company's Broker is Singer Capital Markets (One Bartholomew Lane, London, EC2N 2AX)

The Company's Auditors are Haysmacintrye LLP (10 Queen Street Place, London, EC4R 1AG)

The Company's Legal Adviser is Fladgate LLP (16 Great Queen Street, London, WC2B 5DG)

The Company's Registrars are Link Asset Services (The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU)

The Company's Public Relations Advisers are FTI (200 Aldersgate St, London, EC1A 4HD) 

Trading on AIM

The Company's Ordinary Shares are admitted to trading on the Alternative Investment Market (AIM) of the London Stock Exchange. The Company is not aware of its securities being traded on any other exchange or trading platform.

Restrictions on Transfer

There are no restrictions on the transfer of the Company's AIM securities.

Takeover Code

The Company is subject to the UK City Code on Takeovers and Mergers.

Notice & Results of Meetings

• Notice-of-2025-Annual-General-Meeting.pdf
• Results-of-Tender-24-04-2025.pdf
• Results-of-General-Meeting-22-04-2025.pdf
• LDG-Letter-of-Notification-28-March-2025.pdf
• Circular-and-Notice-of-GM-28-March-2025.pdf
• Result-of-Requisitioned-General-Meeting.pdf
• Notice-of-Requisitioned-General-Meeting-2024.pdf
• Circular-Rule-9-Waiver-and-Notice-of-General-Meeting.pdf
• Notice-of-AGM-2024.pdf
• Result-of-AGM-2024.pdf
• Result-of-AGM-2023.pdf
• Notice-of-AGM-2023.pdf
• Results-of-General-Meeting-2023.pdf
• Circular-and-Notice-of-GM-2023.pdf
• Notice-of-AGM-2022.pdf
• Circular-and-Notice-of-General-Meeting-14-01-2022.pdf
• Results-of-General-Meeting-Announcement.pdf
• Results-of-2021-AGM.pdf
• 2021-AGM-Notice-of-Meeting.pdf
• Notice-of-December-2020-GM.pdf
• Notice-of-May-2020-AGM.pdf
• Notice-of-2019-GM.pdf
• Notice-of-2019-AGM.pdf
• Notice-of-2018-AGM.pdf

Contact

Company Secretary: Sarah Wakeford

3 More London Riverside, 4th Floor, London SE1 2AQ

Phone: +44 (0)20 7397 5450

Email: companysecretary@ldgplc.com