Source - RNS
RNS Number : 7343J
CLS Holdings PLC
13 September 2016
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

 

CLS Holdings plc

('CLS' or 'the Company')

 

Result of Tender Offer

 

CLS is pleased to confirm that it has received acceptances for the Tender Offer, as set out in the Circular dated 26 August 2016, in full from its shareholders.  Tenders for up to and including the pro rata entitlement of 1 Ordinary Share in 100 Ordinary Shares at 1,750 pence per share will be met in full. Tenders received for excess Ordinary Shares will be subject to scale back at the rate of 0.0004624909 for each excess Ordinary Share tendered over and above the pro rata entitlement of 1 in 100, rounded down to the nearest whole Ordinary Share.

 

The Ordinary Shares purchased by the Company pursuant to the Tender Offer will be cancelled. Cheques will be dispatched for certificated Ordinary Shares and payment will be made through CREST for uncertificated Ordinary Shares pursuant to the Tender Offer on 22 September 2016.

 

ENQUIRIES

 

CLS Holdings plc

David Fuller

+44 (0) 207 582 7766

 

Elm Square Advisers Limited

Jonathan Gray

+44 (0) 207 823 3695

 

Notes:

 

1.   The total number of the Company's Ordinary Shares in issue, excluding shares held in treasury, at the time of this announcement is 41,151,086.

 

2.   Defined terms used in this announcement shall have the same meaning as set out in the Tender Offer Circular dated 26 August 2016.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RTEGGURPBUPQGCW