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In recent weeks, Clipper Ventures’ chief executive has bought 837,000 shares in the round the world yacht race organiser.
William Ward acquired the shares at prices ranging from 3.75p to 4p a share. This takes his stake in Clipper to 21.6%. Chairman Sir Robin Knox-Johnston owns 17.1%.
The Clipper Ventures share price has fallen by more than one-third in the past three months. Most of the decline came after the disappointing trading statement in early January 2009. A4.375p a share, Clipper is valued at £1.71m.
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