Clipper Logistics plc (LSE: CLG), a leading provider of value-added logistics solutions, e-fulfilment and returns management services, delivering value-added, consultancy-led services to its blue-chip client base,  has announced  that Carlton Court Investments Limited, a company ultimately controlled by Steve Parkin (Executive Chairman), raised gross proceeds of £62.15m through an oversubscribed sell down of existing shares, with Shore Capital acting as Joint Bookrunner.

Carlton Court Investments Limited sold 11,000,000 shares in Clipper and remains a substantial shareholder with 13.9% of the company’s issued share capital.

For further information please contact:   

Shore Capital +44 (0) 20 7408 4090

Corporate Broking: Malachy McEntyre

Corporate Advisory: Patrick Castle / James Thomas / Sarah Mather

For Shore Capital media enquiries, please contact:   

Adele Gilbert: +44 74 8477 8331

Note to editor

About Shore Capital

We are an independent securities business offering institutional and corporate clients leading investment banking, research, sales and trading services, including fixed income. We are represented across the UK enabling extensive distribution and institutional coverage. This distribution capability is complemented by our experienced corporate advisory and broking team who offer discreet, innovative and valued advice to companies on both the Main Market and AIM. Shore Capital is also the third largest market maker by number of AIM stocks covered.

Our cross-disciplinary team has deep, market leading experience in a wide range of small and mid-cap UK companies within the following sectors: Consumer, Financials, Healthcare, Insurance, Natural Resources, Real Estate, Support Services, Technology and Media. Our research on over 250 companies is distributed to an extensive institutional client base in the UK, Europe and US.

Shore Capital is a trading name of both Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited.