Clarksons will pay 75% of the sum in shares, 16.66% in loan notes and 8.35% in cash.

The latter 25.1% will be funded through a share sale.

Platou shareholders will receive up to 9.52m shares equalling 75% of the price, giving them a stake of 33.4%, excluding the effects of the separate share sale.

The £46.9m of unsecured notes issue will expire in June 2017.

Interest