9th Feb 2016 11:48
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 the company with 797,100 shares in Clipper, which represents a 0.8% stake.
Shares were down 0.9% at 262.75p Tuesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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