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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Eddie Stobart Logistics plc (AIM:ESL), an AIM-quoted cash shell which is proposed to be re-named Logistics Development Group plc following its proposed conversion to an investing company focused on the logistics assets, is pleased to announce that the Open Offer announced on 9 December 2020 has closed oversubscribed. Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full Open Offer Entitlement. Applications made under the Excess Application Facility will be scaled back pro-rata such that Shareholders will receive 13.5 per cent. of the Excess Shares applied for. The Company received valid applications from Qualifying Shareholders in respect of 228,091,001 Open Offer Shares representing an oversubscription of approximately 62.5 per cent. over the available 140,358,528 Open Offer Shares.