Clipper Logistics plc Exercise of Options (5627H)

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:                   [phone] 
 Steve Parkin, Executive 
  Chairman 
 David Hodkin, Chief 
  Financial Officer 
 Guy Jackson, Company 
  Secretary 
 
 Bell Pottinger LLP:        [phone] 
 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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June 08, 2017 07:05 ET (11:05 GMT)