Legal Settlement (9754Y)
08 Marzo 2012 - 1:34PM
UK Regulatory
TIDMCKN
RNS Number : 9754Y
Clarkson PLC
08 March 2012
8 March 2012
CLARKSON PLC
("Clarksons", "The Group")
Legal Settlement
Clarksons, the world's leading integrated shipping services
group, is today pleased to announce that its subsidiary, H.
Clarkson & Co. Limited ("the Company") has now reached a full
and final settlement with Mr Nikitin and the corporate entities
involved to conclude all outstanding matters between them.
Under the terms of the settlement, which all parties have agreed
will remain confidential, an amount of USD 7m has been received by
the Company which will be accounted for as an exceptional item in
the Group's accounts for the current financial year, ended 31
December 2012.
Enquiries:
Clarkson PLC 020 7334 0000
Jeff Woyda, Finance Director
Hudson Sandler 020 7796 4133
Andrew Leach
Kate Hough
This information is provided by RNS
The company news service from the London Stock Exchange
END
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