9th Feb 2016 15:02
(Correcting Parkin's total shareholding.)
LONDON (Alliance News) - Clipper Logistics PLC Tuesday said an entity connected to Chairman Steven Parkin sold a 4.0% stake in the retail sector logistics services provider.
Oak From Acorn LLP sold 4.0 million shares at a price of 260 pence per share on Monday, worth GBP10.4 million before expenses.
The sale leaves Oak From Acorn with 797,100 shares, which represents a 0.8% stake.
Parkin also holds 30 million shares through Carlton Court Investments, the combined total equates to a 30.8% stake in Clipper.
Shares were flat at 265.00p Tuesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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Related Shares:
CLG.L