New owners may sell Claims Direct

In a statement to the London Stock Exchange yesterday, Ware-Lane confirmed he was in discussions ‘that may or may not lead to the acquisition of shares in Claims Direct, currently controlled by Barker Securities’.

He said negotiations would conclude shortly, followed by further a announcement.

Tony Sullman and Colin Poole, co-founders of Claims Direct, formed Barker Securities in order to bid for the control of the company. Last week their offer of 10p a share was accepted by shareholders giving the pair a 55% controlling share.

At the time a spokesman for KPMG Corporate Finance, the firm that brokered the deal, told that Sullman and Poole would be willing to sell their shareholding to investors prepared to match their 10p per share offering.

The 39-year-old Ware-Lane already owns a 4.5% stake in Claims Direct and has a stake in rival company Claimline. According to media speculation, there is the possibility that Ware-Lane may reverse Claimline into Claims Direct, a listed company.

Claims Direct shares were last trading at 9.75p.


Barker Securities wins control of Claims Direct

Claims Direct

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