15th Jan 2021 11:58
Clipper Logistics PLC - Leeds-based logistics firm - Carlton Court Investments , a company controlled by Clipper Executive Chair Steve Parkin sells 11.0 million shares at a price of 565 pence each, for a total of GBP62.2 million.
The shares reflect an 11% stake and have been sold through a placing, for which Numis Securities Ltd and Shore Capital Stockbroker Ltd acted as joint bookrunners.
Carlton Court now holds 14.1 million shares in total, reflecting a 14% interest in Clipper's entire issued share capital.
"I remain as confident and focused as ever in the future growth prospects of Clipper. Over the last year we have demonstrated our ability to act quickly and effectively to solve complex challenges for our clients, and the growth we have delivered through this period is testament to Clipper's leading position in the e-commerce logistics market. Following the placing I remain a substantial shareholder in the business and welcome the new shareholders that have come onto the register," Parkin said.
Clipper Logistics will not receive any proceeds from the placing.
Current stock price: 582.49 pence
Year-to-date change: up 1.5%
By Dayo Laniyan; [email protected]
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