Clarkson PLC
05 September 2006
CLARKSON PLC
Acquisition of Anchor Cross
Clarkson PLC ('Clarksons') wishes to announce it has acquired the business of
Anchor Cross Shipbrokers Pty Limited ('Anchor Cross'). The Anchor Cross business
will be merged with the Melbourne office of Clarksons. The combined entity will
employ in excess of 20 people
Michael Davies, Director of Anchor Cross commented: 'We are delighted to be
joining forces with Clarkson Australia. This will enable all our existing and
new clients, especially those with global freight operations to receive an
enhanced service from our combined Melbourne operation.'
Richard Fulford-Smith, CEO of Clarksons said: 'Anchor Cross services quality
clients who will greatly benefit from working with a diverse public group such
as Clarksons. Acquiring Anchor Cross will enhance our opportunities to add
global growth to the dry bulk area of our activities.'
The acquisition cost of Aus$10 million will be satisfied as to an initial Aus$6
million in cash and Aus$4 million by the issue of new ordinary shares in
Clarksons over the next three years based on the share price at the appropriate
allocation date. In addition, deferred consideration of up to Aus$2 million
may be payable in new ordinary shares dependent upon the achievement of
performance targets over that period.
For further information:
Richard Fulford-Smith Clarkson PLC
Telephone: +44 774 7334 3139
Michael Davies Anchor Cross
Telephone: +61 3 9642 4433
David Oakley Clarkson Australia
Telephone: +61 3 9867 6622
5 September 2006
Notes to editors
Background to Clarkson PLC
Clarkson PLC (which is listed on the London Stock Exchange) is acknowledged as
the world's leading shipping services group. Through its unrivalled and
extensive global network of offices it is able to give its clients unique access
to a wide range of shipping services. Clarksons covers shipbroking, research,
publications, derivatives and logistics. Clarksons' strategy is to expand and
develop the group around these key activities.
For further information on Clarkson PLC, please visit the company's website at
www.clarksons.com
This information is provided by RNS
The company news service from the London Stock Exchange SSFFMISMSESU
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