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Clipper Logistics plc Ordinary 0.05p

Sell:834.00p Buy:836.00p Change: No change
Market closed |  Prices as at close on 27 May 2022 | Switch to live prices |
Bid situation | Takeover

Clipper Logistics plc Ordinary 0.05p

Type:
Takeover
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 13 May 2022)

GXO Logistics Inc has made an offer to buy Clipper Logistics plc for 690p per share and 0.0359 of a new GXO share.


Shareholders approved this takeover at meetings held on 11 April 2022. The takeover still needs court approval at a hearing on 20 May 2022.


Mix & Match Facility
A mix and match facility is available allowing you to vary the amount of cash and shares you receive under the offer. You may elect to receive additional GXO shares instead of cash or additional cash instead of GXO shares. Elections for excess shares or cash will only be satisfied to the extent that other shareholders make equal and opposite elections and may therefore be subject to scaling back, i.e. you may still receive a combination of both cash and shares.


The ratio to be used to determine the amount of cash to be issued in lieu of a GXO share has been calculated as follows:


For every 0.0359 of a GXO share, 230p in cash. Shareholders electing for ‘maximum cash’ will be electing to receive 920p in cash for each Clipper Logistics plc share held.


The ratio to be used to determine the amount of shares to be issued in lieu of cash has been calculated as follows: For every 690p in cash, approximately 0.1077 of a GXO share. Shareholders electing for ‘maximum shares’ will be electing to receive approximately 0.1436 of a new GXO share for each Clipper Logistics plc share held.

 

If you want to instruct part of your holding for max cash and part for max shares, then please let us know using the election options below.


The deadline for accepting the mix & match offer is noon on Friday 20 May 2022.

 

Full details of this event will be sent to clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Sell:834.00p
Buy:836.00p
Change: No change
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 27 May 2022 | Switch to live prices |
Bid situation | Takeover

Clipper Logistics plc Ordinary 0.05p

Type:
Takeover
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 13 May 2022)

GXO Logistics Inc has made an offer to buy Clipper Logistics plc for 690p per share and 0.0359 of a new GXO share.


Shareholders approved this takeover at meetings held on 11 April 2022. The takeover still needs court approval at a hearing on 20 May 2022.


Mix & Match Facility
A mix and match facility is available allowing you to vary the amount of cash and shares you receive under the offer. You may elect to receive additional GXO shares instead of cash or additional cash instead of GXO shares. Elections for excess shares or cash will only be satisfied to the extent that other shareholders make equal and opposite elections and may therefore be subject to scaling back, i.e. you may still receive a combination of both cash and shares.


The ratio to be used to determine the amount of cash to be issued in lieu of a GXO share has been calculated as follows:


For every 0.0359 of a GXO share, 230p in cash. Shareholders electing for ‘maximum cash’ will be electing to receive 920p in cash for each Clipper Logistics plc share held.


The ratio to be used to determine the amount of shares to be issued in lieu of cash has been calculated as follows: For every 690p in cash, approximately 0.1077 of a GXO share. Shareholders electing for ‘maximum shares’ will be electing to receive approximately 0.1436 of a new GXO share for each Clipper Logistics plc share held.

 

If you want to instruct part of your holding for max cash and part for max shares, then please let us know using the election options below.


The deadline for accepting the mix & match offer is noon on Friday 20 May 2022.

 

Full details of this event will be sent to clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Sell:834.00p
Buy:836.00p
Change: No change
Market closed |  Prices as at close on 27 May 2022 | Switch to live prices |
Bid situation | Takeover

Clipper Logistics plc Ordinary 0.05p

Type:
Takeover
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 13 May 2022)

GXO Logistics Inc has made an offer to buy Clipper Logistics plc for 690p per share and 0.0359 of a new GXO share.


Shareholders approved this takeover at meetings held on 11 April 2022. The takeover still needs court approval at a hearing on 20 May 2022.


Mix & Match Facility
A mix and match facility is available allowing you to vary the amount of cash and shares you receive under the offer. You may elect to receive additional GXO shares instead of cash or additional cash instead of GXO shares. Elections for excess shares or cash will only be satisfied to the extent that other shareholders make equal and opposite elections and may therefore be subject to scaling back, i.e. you may still receive a combination of both cash and shares.


The ratio to be used to determine the amount of cash to be issued in lieu of a GXO share has been calculated as follows:


For every 0.0359 of a GXO share, 230p in cash. Shareholders electing for ‘maximum cash’ will be electing to receive 920p in cash for each Clipper Logistics plc share held.


The ratio to be used to determine the amount of shares to be issued in lieu of cash has been calculated as follows: For every 690p in cash, approximately 0.1077 of a GXO share. Shareholders electing for ‘maximum shares’ will be electing to receive approximately 0.1436 of a new GXO share for each Clipper Logistics plc share held.

 

If you want to instruct part of your holding for max cash and part for max shares, then please let us know using the election options below.


The deadline for accepting the mix & match offer is noon on Friday 20 May 2022.

 

Full details of this event will be sent to clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
n/a
Trade high:
n/a
Year high:
924.00p
Market capitalisation
Market cap.
:
£874.23 million
Previous close:
837.00p
Trade low:
n/a
Year low:
603.00p
P/E ratio:
n/a
Previous:
2.00p (0.24%) Previous:
2.00p
Volume:
n/a
Dividend yield:
1.33%
EMS:
3,000
Data delayed by at least 15 minutes.

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Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.