Business
Proposed secondary placing
Proposed secondary placing.
About this update from Clarkson Plc
[{"type":"text","content":"\n \nRNS Number : 3496S Clarkson PLC 16 March 2016 \n\nThis announcement and the information contained herein is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part, in, into or from Australia, Canada, Japan, the republic of South Africa, the United States or any other jurisdiction in which the same would be unlawful.\n \nThis announcement does not constitute an offer to sell or a solicitation to buy securities in any jurisdiction, including Australia, Canada, Japan, the republic of South Africa or the United States. \n \nPlease see the important notice at the end of this announcement.\n \n \n \n16 March 2016\n \nClarkson PLC\n \nPROPOSED SECONDARY PLACING OF ORDINARY SHARES IN CLARKSON PLC (\"CLARKSONS\" OR THE \"COMPANY\")\n \nClarksons announces, following the expiry of the first 12 month lock-up period following completion of the Company's acquisition of RS Platou ASA (\"Platou\") on 2 February 2015, that a number of former Platou shareholders, comprised of a PDMR and employees of Clarksons (the \"Sellers\"), have notified the Company of their intention to sell approximately 2 million ordinary shares in the capital of the Company (the \"Placing Shares\"), representing approximately 6.6 per cent. of the Company's existing issued ordinary share capital, through an accelerated bookbuild placing (the \"Placing\"). \n \nPeter M. Anker, a PDMR of the Company, intends to sell a maximum of 169,000 Placing Shares. Assuming all Placing Shares are sold, Peter M. Anker will hold 357,477 existing ordinary shares and 2,667 conditional awards in the capital of the company, equivalent to 1.2 per cent. of issued ordinary share capital.\n \nIt is intended that the Placing will be executed by Panmure Gordon (UK) Limited (\"Panmure Gordon\") and Nomura International plc (\"Nomura\") who are the Company's Joint Brokers. \n \nThe sale is subject to demand, price and market conditions. The final number of Placing Shares to be placed and the placing price will be determined at the close of the accelerated bookbuilding period.\n \nCompletion of the secondary placing is expected to be announced as soon as practicable following the closing of the books. \n \nFor further information contact:\n\n\n\n\nClarkson PLC\n\n\n+44 207 3...