Clipper Logistics plc Exercise of Options (5627H)
June 08 2017 - 7:05AM
UK Regulatory
TIDMCLG
RNS Number : 5627H
Clipper Logistics plc
08 June 2017
Clipper Logistics plc
("Company" or "Clipper")
Exercise of Options
The Company announces that, Numis Securities Ltd (the Company's
broker) ("Numis") has exercised the share options ("Options")
granted to it pursuant to an Option Deed dated 30 May 2014 which
was entered into by the Company and Numis at IPO. Under the terms
of the Option Deed, upon the exercise of the Options and the
payment of the exercise price of GBP1 per share, 250,000 new
ordinary shares of 0.05p each ("New Shares") will be issued to
Numis. Application has been made for the New Shares to be admitted
to listing on the premium segment of the Official List and to
trading on the Main Market of the London Stock Exchange
("Admission"). It is expected that Admission will become effective
and dealings in the New Shares will commence at 8.00am on 13th June
2017. The New Shares will rank pari passu with all existing
ordinary shares in issue.
Following Admission, the Company's issued share capital will
consist of 100,272,968 ordinary shares each with voting rights.
The above figure of 100,272,968 may be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or of a change to
their interest in the Company under the FCA's Disclosure and
Transparency Rules.
-Ends-
ENQUIRIES
Clipper: +44 (0)113 204 2050
Steve Parkin, Executive
Chairman
David Hodkin, Chief
Financial Officer
Guy Jackson, Company
Secretary
Bell Pottinger LLP: +44 (0) 20 3772 2500
David Rydell
Dan de Belder
This information is provided by RNS
The company news service from the London Stock Exchange
END
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