Panmure Gordon & Co, a leading independent institutional stockbroker and investment bank, is pleased to advise that it has acted as sole book-runner and broker in the placing of 1,613,698 new ordinary shares in Clarkson PLC ("Clarksons") raising gross proceeds of approximately £31.5 million.

The net proceeds of the placing will be used to fund part of the consideration for the £281.2m acquisition of RS Platou ASA.

The combination of the Clarksons Group and the Platou Group will create a leading global shipping and offshore services business headquartered in London and employing approximately 1,400 people in 21 countries in key global financial and shipping centres.

The core divisions will comprise Shipping and Offshore Broking, Financial, Support Services and Research.

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