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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Clipper Ven. | LSE:CLV | London | Ordinary Share | GB0002643566 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.625 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 3721G
Clipper Ventures PLC
22 October 2008
Clipper Ventures PLC
22 October 2008
Clipper Ventures PLC
('Clipper Ventures' or the 'Company')
Trading update
Clipper Ventures today announces that in light of the near certainty of a global recession the Board of has downgraded its profit
forecasts to match those of its last financial year (Year ended 30th April 2008).
The Velux 5 Oceans Race for 2010 has secured its title sponsor and is delivering income in line with expectations.
Income relating the 2009 Clipper Round the World Race is in line with the previous race and as a result the organisation is not
expecting to show the profit growth previously anticipated.
Given the broad economic uncertainties, the Board has decided it would be prudent to adopt a policy of preserving as much cash in the
business as is possible. With this in mind it is the intention to temporarily suspend any dividend payments until such time as it becomes
financially prudent to recommence the payment of dividends.
For further information please contact:
Clipper Ventures PLC
William Ward, Chief Executive Tel: +44 (0)239 252 6000
Jeremy Knight, Finance Director www.clipper-ventures.com
HB Corporate
Luke Cairns/ Edward Cozens Tel: +44 (0)207 510 8600
www.hbcorporate.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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