CLI Cls Holdings Plc

 
TIDMCLI 
 
11 March 2010 
 
                               CLS HOLDINGS PLC 
 
                            ("CLS", the "Company") 
 
                 APPOINTMENT OF DEPUTY CHIEF EXECUTIVE OFFICER 
 
CLS Holdings plc announces that Mr Richard Tice has joined the Company today as 
Deputy Chief Executive Officer and it is intended that he will join the main 
Board with effect from 11 May 2010, following the Company's Annual General 
Meeting. 
 
Mr Tice, 45, has 23 years of experience in the property sector and has recently 
been Managing Partner of Tisun Capital Partners LLP, a boutique firm 
specialising in real estate debt. From 1991 to 2006 he was joint CEO of the 
Sunley Group plc, prior to which he spent four years with a listed property 
developer, London Metropolitan plc. For three years until October 2009, he was 
also a non-executive director then Chairman of AIM listed South African 
Property Opportunities Plc. 
 
Mr Tice has today agreed to purchase up to GBP1million worth of Ordinary Shares 
of 25p each in the Company ("Ordinary Shares") from the Company's holding in 
Treasury Shares at the current mid market price. A further announcement will be 
made upon completion of that transaction. Mr Tice has also been granted an 
option over 300,000 Ordinary Shares at an exercise price of 470 pence per share 
under the rules of the Company's share option schemes. 
 
Sten Mortstedt, Executive Chairman, commented: 
 
"We are delighted that Richard has agreed to join CLS. His experience of 
international commercial property and capital markets will be of great benefit 
to us as we continue to develop our business in the current challenging 
economic environment." 
 
Enquiries: 
 
CLS Holdings plc: 
 
Sten Mortstedt, Executive Chairman +44 (0) 20 7582 7766 
 
Henry Klotz, Chief Executive Officer +44 (0) 20 7582 7766 
 
Kinmont Limited: 
 
Jonathan Gray +44 (0) 20 7087 9100 
 
 
 
END 
 

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