CLI Cls Holdings Plc

 
TIDMCLI 
 
CLS Holdings plc 
 
                           (the "Company" or "CLS") 
 
 
                    Result of AGM and Directorate Changes 
 
 
 
1.  At the Annual General Meeting ("AGM") of the Company held at 10.00am today, 
all the resolutions set out in the Notice of Meeting dated 23 March 2010 were 
unanimously passed on a show of hands.  Details of the Proxy votes are shown 
below and will shortly be available on the Company's website (www.clsholdings.com): 
 
 
 
                                                               For*             Against     Votes Withheld** 
 
                                                                                                                 Total 
                                                                                                              Votes Cast 
                                                                       %               %                         (excl. 
                                                                    Votes           Votes                        Votes 
           Resolution                                        Votes   Cast     Votes  Cast            Votes     Withheld) 
 
Receive and adopt the Annual Report & Accounts          38,264,641  99.94    23,340    0.06        119,532    38,287,981 
 
Approve the Directors' Remuneration Report              33,134,210  91.52  3,071,453   8.48       2,201,850   36,205,663 
 
Re-appoint John Whiteley as a Director                  38,396,908  99.98     9,331    0.02           1,275   38,406,239 
 
Re-elect Sten Mortstedt as a Director                   12,302,538  91.02  1,214,377   8.98      24,890,598   13,516,915 
 
Re-elect Thomas Lundqvist as a Director                 31,442,350  82.48  6,680,476  17.52         284,688   38,122,826 
 
Re-elect Tom Thomson as a Director                      38,030,875  99.02    376,638   0.98               0   38,407,513 
 
Re-elect Bengt Mörtstedt as a Director                   37,774,439  99.09   348,386   0.91         284,688   38,122,825 
 
Re-appoint Deloitte LLP as auditors                      38,407,514  100.00        0    0.00              0   38,407,514 
 
Authorise the directors to determine the 
auditors' remuneration                                   38,407,514  100.00         0   0.00              0   38,407,514 
 
Authorise the directors to allot 
relevant securities                                      38,381,022  99.93      26,492  0.07              0   38,407,514 
 
Authorise the directors to make non 
pre-emptive share allotments                             38,401,580  99.98       5,934  0.02              0   38,407,514 
 
Authorise the directors to offer a 
scrip dividend option                                    38,386,332  99.94       21,182  0.06              0  38,407,514 
 
Authorise the directors to make market 
purchases of shares                                      38,383,673  99.94       23,840  0.06              0  38,407,513 
 
Authorise General Meetings to be called on 
not less than 14 clear days' notice                      37,214,954  96.97    1,164,308  3.03         28,252  38,379,262 
 
Adopt New Articles of Association of the Company         38,384,173 100.00            0     0         23,340  38,384,173 
 
 
 
*     Includes those votes giving the Chairman discretion. 
 
 
 
**   These votes are not counted towards the votes cast at the Annual General 
Meeting. 
 
 
 
A copy of the resolutions passed under special business at the Annual General 
Meeting, along with a copy of the Articles of Association, will be submitted to 
the UK Listing Authority and will shortly be available for inspection at: 
 
 
 
Document Viewing Facility 
 
Financial Services Authority 
 
25 The North Colonnade 
 
Canary Wharf 
 
London E14 5HS 
 
Telephone: +44 (0) 20 7066 1000 
 
 
 
 
2.  The Company announces that, at a meeting of the Directors following the 
AGM, the following changes were made to the Board of the Company: 
 
 
 
i.  Further to the announcement made on 11 March 2010, Richard Tice, Deputy 
Chief Executive Officer, was appointed to the Board of the Company with 
immediate effect; 
 
 
 
ii.  Bengt Mortstedt resigned as Non-Executive Director of the Company with 
immediate effect.   Having helped to establish CLS, Mr Mortstedt joined the 
Board as an Executive Director in 1987 and became a Non-Executive Director in 
1998; and 
 
 
 
iii.  Jennica Mortstedt was appointed as a Non-Executive Director of the 
Company with immediate effect.  Ms Mortstedt, 26, is the daughter of Bengt 
Mortstedt and has eight years' experience in the hotel industry.  She has a 
degree in International Business and Hospitality from Ecole Hotèliere de 
Lausanne, Switzerland. 
 
 
 
Sten Mortstedt, Executive Chairman, commented: 
 
"I am delighted that Richard has joined the Board.  His experience is already 
proving to be of great benefit to us as we continue to develop our business in 
the current challenging economic environment. 
 
 
 
"The Board also wishes to thank Bengt for his contribution to the success of 
CLS over the last 23 years and wish him well for the future.  We are delighted 
that Jennica has agreed to join CLS and look forward to working with her." 
 
 
 
Pursuant to Listing Rule 9.6.13 (1), the Company reports that Richard Tice was 
a director of South African Property Opportunities plc, listed on AIM, until 30 
September 2009. There is no further information required to be disclosed 
pursuant to LR 9.6.13. 
 
 
 
Enquiries: 
 
 
 
CLS Holdings plc                                         +44 (0)20 7582 7766 
 
Sten Mortstedt, Executive Chairman 
 
Henry Klotz, Chief Executive Officer 
 
Richard Tice, Deputy Chief Executive Officer 
 
 
 
 
 
 
 
END 
 

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