Result of Tender Offer (1223F)

TIDMCLI

RNS Number : 1223F

CLS Holdings PLC

18 April 2011

NOT FOR DISTRIBUTION IN OR TO THE U.S., CANADA, AUSTRALIA, OR JAPAN, OR IN ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW

CLS Holdings plc

('CLS' or 'the Company')

Result of Tender Offer

Following today's announcement regarding the passing of the resolution at the Annual General Meeting authorising the Company to undertake Tender Offers during 2011, CLS is pleased to confirm that it has received acceptances for the Tender Offer, as set out in the Circular dated 18 March 2011, in full from its shareholders. Tenders for up to and including the pro rata entitlement of 1 Ordinary Share for every 47 Ordinary Shares at 725p per share will be met in full. Tenders received for excess Ordinary Shares will be subject to scale back at the rate of 0.00193355 Ordinary Shares for each excess Ordinary Share tendered over and above the pro rata entitlement of 1 for 47, 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 28 April 2011.

ENQUIRIES

CLS Holdings plc

David Fuller

+44 (0) 207 582 7766

Kinmont Limited

Jonathan Gray

+44 (0) 207 087 9100

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 46,588,244.

2. Defined terms used in this announcement shall have the same meaning as set out in the Tender Offer circular and Notice of General Meeting dated 18 March 2011.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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