Result of Tender Offer (3059O)
September 15 2011 - 7:14AM
UK Regulatory
TIDMCLI
RNS Number : 3059O
CLS Holdings PLC
15 September 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
CLS is pleased to confirm that it has received acceptances for
the Tender Offer, as set out in the Circular dated 22 August 2011,
in full from its shareholders. Tenders for up to and including the
pro rata entitlement of 1 Ordinary Share for every 72Ordinary
Shares at 700 pence per share will be met in full. Tenders received
for excess Ordinary Shares will be subject to scale back at the
rate of 0.00056085 Ordinary Shares for each excess Ordinary Share
tendered over and above the pro rata entitlement of 1 for 72,
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
23 September 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 45,597,005.
2. Defined terms used in this announcement shall have the same
meaning as set out in the Tender Offer circular dated 22 August
2011.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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