News blog

Clipper Ventures

  • BY: Andrew Hore |
  • POSTED: 30/03/2009 |

Clipper Ventures is selling its Zapcat Racing business.

The round the world yacht race organiser says the consideration is not material but it will be payable in four instalments up until 1 April 2012. 

The Zapcat business was non-core and Clipper can concentrate on its yacht race operations.

At 4.25p a share, Clipper is valued at £1.66m. Chief executive William Ward bought 1.29m shares at 3.92p each on the 25 March 2009. This took his stake to 24.9%.

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds