LONDON, UK: Logistics Development Group plc (LDG) has acquired 1,000,000 ordinary shares in Caretech Holdings (LON:CTH) at £6.335 per share, for a complete money consideration of £6,347,671.
This is the Logistics Development Group’s first funding since becoming an Investing Company and is constant with its investing policy, as amended after the General Meeting held on 31 January 2022 and outcomes within the Company proudly owning roughly 0.88 per cent of Caretech’s issued share capital.
Caretech is a supplier of social care and support services for people with particular and complex wants within the United Kingdom. The firm operates in three segments: Adults Services, Children’s Services, and Foster Care.
For the twelve-month interval ending 30 September 2021, Caretech reported net assets of £380,917,000 and net profits of £35,328,000.
www.ldgplc.com