14th Jan 2021 20:23
Clipper Logistics PLC - Leeds-based logistics firm -Â Carlton Court Investments, a company controlled by Clipper Executive Chair Stever Parkin, intends to sell 11 million Clipper shares, representing a 10.8% stake. Shares are being offered via accelerated bookbuild, with Numis Securities Ltd and Shore Capital Stockbroker Ltd acting as joint bookrunners.
"The placing is being undertaken by Clipper founder Steve Parkin as part of an estate planning exercise and to improve the liquidity in the company's shares. Steve Parkin intends to remain a significant shareholder for the long-term following the completion of the placing," Clipper says.
Current stock price: 588.00 pence
Year-to-date change: up 2.4%
By Lucy Heming;Â [email protected]
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