Update Re. Non Core Investments
February 03 2006 - 9:49AM
UK Regulatory
Immediate release: 3 February 2006
CLS Holdings plc
("CLS")
Update Re. Investment in The UK Cable Business
CLS announces that Wight Cable Limited, the Isle of Wight based
telecommunications and television company, in which CLS has a 75 per cent
interest, completed the sale of its business and substantially all of its
assets.
The business and assets of the other CLS cable investment, Wight Cable North
Limited which is a wholly owned subsidiary of CLS, have also been sold.
The net proceeds to the above cable companies resulting from these disposals
amounted to �0.6 million.
Executive Chairman Sten Mortstedt commented:
"I am pleased that the business and assets of these companies, which were not
compatible with our operations, have now been successfully sold."
-ends-
For further information, please contact:
Sten Mortstedt, Executive Chairman
Per Sj�berg, Chief Executive Officer
Steven Board Chief Operating Officer
CLS Holdings plc
www.clsholdings.com
Tel. +44 (0)20 7582 7766
Adam Reynolds/Ben Simons
Hansard Communications
Tel. +44 (0)20 7245 1100
END
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