Carlton Court Investments, a company ultimately controlled by Clipper Logistics’ Executive Chairman Steve Parkin, has sold a stake in the Leeds-based logistics business, raising more than £60 million.
Mr Parkin has raised gross proceeds of £62.2 million after selling 11 million shares via a placing. The shares represent 10.8% of the issued share capital of Clipper Logistics.
Now, following completion of the placing, Carlton Court Investments holds 14.1 million shares in the logistics company, or 13.9% of its share capital.
“I remain as confident and focused as ever in the future growth prospects of Clipper,” said Mr Parkin.
“Over the last year we have demonstrated our ability to act quickly and effectively to solve complex challenges for our clients, and the growth we have delivered through this period is testament to Clipper’s leading position in the e-commerce logistics market.
“Following the placing I remain a substantial shareholder in the business and welcome the new shareholders that have come onto the register.”