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Company Announcements
Final Results
05 September 2008
The Company's Final Results announcement for the year ended April 30th 2008 is shown in the following file.
Prelim_Announcement.pdf
Notification of Holding
04 September 2008
The Company was informed on 4th September 2008 by James Sharp & Co that following the acquisition of shares, Mr David Barry now holds 1,227,500 ordinary shares, registered in the name of Value Investments Ltd, representing approximately 3.13% of the issued share capital of the Company.
Holding(s) in Company
02 September 2008
Clipper Ventures plc was today informed that Mr David Newton no longer holds a notifiable interest in the company.
Directorate Change
01 September 2008
The Board of Clipper Ventures Plc was informed today of the resignation of Edward Vandyk as a non-executive Director of the Company with immediate effect.
The Board would like to thank Edward for his contribution.
Holding(s) in Company
14 August 2008
Notification of Interest
Clipper Ventures Plc has been notified that Octopus Investments Limited is now interested in 1,593,762 ordinary shares of 1p each in the company, representing 4.09 per cent. of the issued share capital.
Dismasting of Race Participant
13 March 2008
Durban 2010 and Beyond, one of the ten yachts competing in the Clipper 07-08 Round the World Yacht Race has been dismasted during the race from Qingdao, China, to Hawaii.
At 0610 GMT on the 19th day of the 4,400-nautical mile Pacific Ocean leg, the team representing Durban, South Africa, contacted the Race Office to report that they had been dismasted at deck level, whilst sailing in approximately 20 knots of wind.
There are no injuries on board and the crew of 16, including the professional skipper, is in the process of clearing the decks, cutting away the trailing rigging to prevent damage to the 68-foot yacht’s hull from the 81-foot mast, which weighs approximately one tonne.
The yacht, currently 780 miles from the finish line in Honolulu, Hawaii, remains seaworthy and a full assessment of the damage is underway.
Durban 2010 and Beyond’s dismasting is not thought to have been caused in the same manner as westernaustralia2011.com’s rig failure on Wednesday 5 March. A new mast has already been ordered and is awaiting a delivery date. Replacement sails are also being sourced.
With 85 percent of this stage of the race complete, as a precautionary measure in the interest of the safety of the crews taking part in the Clipper Race, which is always the paramount consideration for race organiser Clipper Ventures Plc, the Race Committee, headed by renowned yachtsman, Sir Robin Knox-Johnston, has told the rest of the fleet to stop racing and to proceed to Honolulu. The results for Race 7 will be taken from their schedule positions at 0600 GMT today, 13 March.
Durban 2010 and Beyond currently does not need assistance and will motor towards Honolulu as soon as the remainder of the rigging has been made safe. Uniquely Singapore and Qingdao, two of the other yachts competing in the Clipper 07-08 Round the World Yacht Race, have been diverted to rendezvous with the South African boat in the next 36 hours to transfer fuel and offer any support the team needs.
The repairs to both masts and rigs will be up to £100k and Clipper Ventures Plc has insurance covering 67 percent of claimable costs.
Although the exact cause of this morning’s incident is still unknown, all the indications are that this dismasting and that of westernaustralia2011.com are not related and purely coincidental, however we have taken steps to reduce exposure to the possibility of further similar incidents.
As this stage, pending further discussions with rigging suppliers and our maintenance teams we believe the incident will not cause a significant delay in the race.
Released 13 March 2007
Re Agreement
26 February 2008
China's Olympic Sailing City signs up to host next two Clipper Races
Clipper Ventures Plc has signed an agreement with the Olympic Sailing Committee
of the Beijing 2008 Olympic Games for the Chinese city of Qingdao to host the
Clipper 09-10 and Clipper 11-12 Round the World Yacht Races in its Olympic
Sailing Centre.
The deal, which follows a successful eight-day stopover in the city that is to
host the sailing events in the upcoming 2008 Beijing Olympic Games, also
includes sponsorship of a Qingdao entry in both Clipper 09-10 and Clipper
11-12.
At a press conference in the Olympic Sailing Centre, Madam Zang, Executive
Chairwoman of the Qingdao Olympic Sailing Committee, said, 'We look forward to
further co-operation with Clipper Ventures. We have a sincere friendship with
the organisers of the Clipper Round the World Yacht Race and we want to have
Qingdao as stopover for the Clipper Race forever.'
Clipper Ventures Chief Executive William Ward said: 'We have signed a letter of
intent to have further cooperation with Qingdao for at least the next two
races. To have this ongoing association with the city is a great honour for
Clipper Ventures.'
The value of the deal has not been disclosed.
Announced 07:01:06 26 February 2008
Timing of Dividend Payment
31 January 2008
Further to the announcement made earlier today, Clipper Ventures plc announces
that the interim dividend of 0.2 pence per ordinary share will be paid on 2 May
2008 to shareholders who appear on the register on 20 March 2008 and not 21
March 2008 as previously stated.
Announced 15:19:06 31 January 2008
Directorate Change
05 October 2007
Directorate Change
Clipper Ventures announces the appointment of Edward Vandyk as an additional
non-executive director of the company as from 4th October 2007.
Edward (Aged 59) is now the controlling partner in Whim Gully Capital LLP,
which is regulated by FSA and specialises in advising smaller companies. He was
previously the Chief Executive of Corporate Synergy Group plc (now Blue Oar
plc) the AIM quoted Investment Bank until March 2007. He has extensive
experience in the leisure industry as well as working with small quoted
companies and is medically qualified and practiced as a doctor for a number of
years whilst pursuing a parallel career in business, to which he has devoted
himself solely for the last 18 years.
Information regarding Mr Edward Vandyk
Full Name: Edward Vandyk
Age: 59
Current Directorships/Partnerships Past Directorships/Partnerships
Burgess Hill LLP Cassian Investments Plc
Cawood Scientific Plc Corporate Synergy Group Plc
Mulberry Group Plc Corporate Synergy PLC
St. George's Fields Limited Corporate Synergy Holdings PLC
St George's Fields 2 Limited Eagleswift Limited
Whim Gully Capital LLP Inspire Fleet Solutions Plc
M & P Direct PLC
Rowan Dartington & Co. Limited
The Bryanston Society Limited
Edward Vandyk was a director of Leisure Investments plc which went into
administrative receivership in April 1990. Subsequently a number of the
subsidiaries (as set out below) of Leisure Investments plc were placed into
administrative receivership. The subsidiaries of Leisure Investments plc were
LandLeisure Limited, Lingfield Park Limited, Theme Holdings Limited, Leisure
Casinos Limited, Leisure Restaurants Limited, Leisure Catering Limited, Alfred
Walker Investments Limited, Alfred Walker Estates Limited, Bartlett Gilbert
Developments Limited, Neilson Travel Limited, Modern Mobile Homes Limited,
Alfred Walker Limited, Aspinall Health Hydros Limited, Ragdale Health Clubs
Limited, the Ritz Snooker Clubs Limited, Aspinall Curzon Limited, Albindene
Limited, Bartlett Gilbert & Co Limited, Locks Heath Development Limited, The
West Wellow Development Company Limited, Ragdale Hall Limited. In addition
Edward Vandyk resigned as a director of MDA Group plc in January 2002. MDA
Group plc went into administrative receivership in August 2002.
Save for the above, there is no further information required to be disclosed
under paragraph (g) of Schedule 2 of the AIM Rules, with respect to the
appointment of Edward Vandyk
Announced 12:12:50 5 October 2007
Results of AGM
11 September 2007
The Company is pleased to announce that at today's AGM all resolutions were duly passed.
A copy of the resolutions has been filed at Companies House.
Announced 11:09:38 11th September 2007
Directorate Change
03 September 2007
Clipper Ventures PLC announces the resignation of Guy Spelman from the Board of
Directors with immediate effect. Guy leaves to concentrate on his role as CEO
of AIM listed Nanoscience and to further the commercialisation of its key
businesses Toumaz Technology and Future Waves at a crucial time. The Company
would like to thank him for his contribution to Clipper Ventures and wish him
success in his other business.
Announced 15:22:34 3 September 2007
Director/PDMR Holding
30 August 2007
The Company was informed on 29 August 2007 by David Newton that following the
disposal of shares, Mr David Newton now holds 1,500,000 ordinary shares representing approximately 3.83% of the issued share capital of the Company.
Announced 11:15:19 30 August 2007
Website Information
17 August 2007
Clipper Ventures plc (the "Company") is pleased to announce that its corporate
website is now fully compliant with Rule 26 of the AIM Listing Rules.
The Company also notifies that the information required by AIM rule 26 can now
be found on its website at http://www.clipper-ventures.com
Announced 10:59:00 17 August 2007
Notice of AGM
06 August 2007
Maiden Dividend and A.G.M.
The Board of Clipper Ventures PLC has considered the recently published
preliminary results of the Company and is delighted to be able to confirm its
previously announced decision to propose a maiden dividend payment of 0.25p per
share at the forthcoming AGM. It is intended that this will be the first
dividend payment of a progressive dividend policy, including an interim
dividend in the year to April 08.
The proposed dividend payment timetable is as follows:
Ex Dividend Date 15th August 2007
Record Date 17th August 2007
Payment Date 14th September 2007
The A.G.M. of the Company will be held at 9.30am on 11th September 2007 at the
Company's offices, Granary and Bakery Building, Royal Clarence Yard, Weevil
Lane, Gosport. Notices of the A.G.M. will be sent to shareholders shortly
Announced 10:12:59 6 August 2007
Balance Sheet Restructuring & Maiden Dividend
30 April 2007
The Board of Clipper Ventures, the AIM listed international marine events
company, is pleased to confirm that it has now received court approval of the
restructuring of the Company's balance sheet to eliminate the negative balance
on its Profit and Loss account against its Share Premium account. The
restructuring was proposed and voted upon on at the Company's last Annual
General Meeting.
This restructuring will take place in the accounts for the financial year ended
today (30 April 2007), and will create distributable reserves sufficient to
allow the Board to recommend the payment of a maiden dividend of 0.25 pence per
ordinary share.
Announced 07:04:36 30 April 2007
Clipper Ventures signs sponsorship deal with Qingdao, sees FY profit in line
23 March 2007
Qingdao Sponsorship
Clipper Ventures Plc, the AIM quoted ocean racing company, is delighted to
announce Qingdao, the home of sailing in the Beijing 2008 Olympics, signed an
agreement with Clipper Ventures today to be the primary Sponsor of the Qingdao
Clipper entry into Clipper 07-08. The deal will also see Qingdao act as Host
Port Sponsor for the fleet's visit to China in February 2008.
Qingdao is one of six repeat sponsors from the Clipper 05-06 Round the World
Yacht Race. Other yacht sponsoring cities include Singapore, Hull&Humber,
Glasgow and Liverpool.
Clipper Ventures CEO William Ward commented:
'Sponsorship deals for Clipper 07-08 and Clipper 09-10 are proving
significantly higher than for previous Clipper races in further recognition of
the economic benefit cities and regions are deriving from participation in this
global event. The high level of repeat sponsors such as Qingdao demonstrates
the success of our city-focussed sponsorship model.'
Jeremy Knight FD of Clipper Ventures commented:
'The signing of this agreement underlines the robustness of our sponsorship
forecasts. Taken together with costs being firmly under control, a strong
balance sheet following the recent equity issue and crew recruitment for the
next race being well underway, we believe the company's current year profit
forecast of £0.9m will be achieved. We also remain confident of the company's
future year financial forecasts.'
Results of AGM/EGM
08 February 2007
Clipper Ventures, the AIM listed international marine events company, is
pleased to advise that, at the Annual and Extraordinary General Meetings held
on 31 January 2007 all resolutions were passed.
Clipper Round The World
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