Management team members at logistics firm raise £37.7m in share sale
Members of Leeds-based Clipper Logistics' management team have raised £37.7m through a share placing.
Executive chairman Steve Parkin’s company Carlton Court Investments, Wolds Investments, controlled by CFO David Hodkin, and Kexby Investments, ultimately controlled by CEO Tony Mannix, along with Summit Ltd and Somlie Ltd, have sold a combined 8.7m ordinary shares in Clipper, at a price of 430 pence per share.
Following completion of the placing, the sellers will together hold approximately 38% of the company's issued share... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
