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ACM Shipping (ACMG)
Sector: Industrial Transportation
Share Price: 205.00p
Change Today: 0.000p
Market Cap: £39.83m

Your Share Value

Price Data

Currency UK Pounds
Price 205.00p  
Closing Price Change 0.00
Volume 5,000
03-Sep-10 Close 205.00p
Shares Issued 19.43m
Market Cap £39.83m
Year End 31-Mar-10

Dividends

  Latest Previous
  Final Interim
Ex-Div 08-Sep-10 20-Jan-10
Paid 08-Oct-10 26-Feb-10
Amount 6.75p 2.75p

Regulatory News

Notifiable Interests following Placing

RNS Number : 3759F
ACM Shipping Group PLC
12 January 2010
 



Press Release 

12 January 2010


ACM Shipping Group plc


("ACM", the "Company" or the "Group")


Notifiable Interests following Placing to Institutions


ACM Shipping Group plc (AIM:ACMG), a leading international tanker broker, is pleased to announce that, on 7 January 2010, following a road-show with the Group's 2009 interim results, and as a result of good institutional demand, ordinary shares aggregating 10.49 per cent. of the total issued share capital of the Company were placed by the Group's founders and certain employees with a number of well recognised City institutions at £2.00 per share.


The changes to notifiable interests held by the ACM founders and certain employees are summarised below. Following this placing, none of these individuals retain notifiable interests in the Company.


ACM founders and employees

Number of ordinary shares sold

Andrew Morton

709,000

Keith Amato

350,000

Simon Clough

350,000

Bruce Gyngell

200,000

Julian Kinross

89,984


In addition, under this placing, other employees have placed 157,471 shares.  


Through this placing, the ACM Shipping Limited Employee Trust acquired 500,000 ordinary shares of 1 pence each, equivalent to 2.83 per cent. of the Company's issued share capital.

  

Commenting on the placing of shares to institutions, Johnny Plumbe, Chief Executive of ACM Shipping Group plc, said: "ACM joined the AIM market three years ago and this placing follows the end of an initial lock-in period for our employees that was established at that time of the flotation. I am delighted that this process has been managed in an orderly manner, widening our institutional shareholder base whilst at the same time allowing those staff who have helped successfully build the business to receive some benefit for their hard work. The Board very much looks forward to working with our new institutional shareholders."


 - Ends -



For further information, please contact:

ACM Shipping Group plc


Johnny Plumbe, Chief Executive 

Ian Hartley, Finance Director

Tel: +44 (0) 20 7930 7555

jplumbe@acmshipping.co.uk

ihartley@acmshipping.co.uk 

www.acmshippinggroup.com



Noble & Company Limited


John Llewellyn-Lloyd

Tel: +44 (0) 20 7763 2200


www.noblegp.com 




Media enquiries:

Abchurch


Henry Harrison-Topham / Joanne Shears

Tel: +44 (0) 20 7398 7702

henry.ht@abchurch-group.com 

www.abchurch-group.com 



Notes to Editors

ACM is one of the world's principle tanker ship brokers and has established itself as the market leader in oil transportation. The Group's key activities are spot brokerage freight, time charter, project brokerage, sales and purchase, derivatives brokerage, research and consulting.


Established in London in 1982, the Group has since expanded its international operations with offices based in LondonSingaporeIndia and China. ACM employs over 100 brokers and support staff who provide clients with global experience and intimate local knowledge of the world's shipping centres. The Group has a strong network of clients which include major oil producers, independent oil traders, ship-owners and operators. The business has been profitable every year since it was founded.


ACM was admitted to AIM on 6 December 2006. For more information on the Group please visit www.acmshippinggroup.com

  


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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