Clark­son di­rec­tors sell shares worth £3.6m

The lock-in pe­riod for the ex­ec­u­tives ended in Fe­bru­ary

Shares - - BIG NEWS -

AT SHIP­PING ser­vices spe­cial­ist Clark­son (CKN) ex­ec­u­tive di­rec­tor Peter Anker and non-ex­ec­u­tive di­rec­tor Birger Ner­gaard col­lec­tively sold £3.65m of shares in a sin­gle day.

Ap­prox­i­mately 131,000 shares were sold on 23 Au­gust at £27.50. Th­ese deals could pro­vide a po­ten­tial in­sight into Clark­son’s prospects.

How­ever, in­vestors should also note the lock-in pe­riod for Ner­gaard and Anker, who used to work at Pla­tou be­fore it was ac­quired by Clark­son, ended in Fe­bru­ary. They may sim­ply be tak­ing ad­van­tage of the op­por­tu­nity to crys­talise some value in their stock.

In April, Clark­son re­vealed a shock profit warn­ing, blam­ing a ‘chal­leng­ing en­vi­ron­ment’ in ship­ping and off­shore cap­i­tal markets af­ter sev­eral clients de­layed sign­ing new busi­ness deals.

Shares in Clark­son have bounced back 21% from one-year lows in June at £23 to £27.81 as in­vestors look to­wards a re­turn to profit growth in 2019. (LMJ)

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