CLS Holdings PLC Early Closure of Offer Period of 5.5% Retail Bonds (9423K)
August 29 2012 - 2:01AM
UK Regulatory
TIDMCLI
RNS Number : 9423K
CLS Holdings PLC
29 August 2012
The information contained herein may only be released, published
or distributed in the United Kingdom, Jersey and Guernsey and Isle
of Man. The information contained herein is not for release,
publication or distribution in or into the United States,
Australia, Canada, Japan, South Africa, Republic of Ireland or in
any other jurisdiction where it is unlawful to distribute this
document. The bonds may only be sold in Jersey in compliance with
the provisions of the Control of Borrowing (Jersey) Order 1958.
CLS Holdings plc
("CLS", the "Issuer", the "Company" or the "Group")
Issue of Sterling-denominated 5.50 per cent. Bonds due December
2019 (the "Bonds")
Early closure of Offer Period relating to the Bonds.
Terms used herein shall have the meaning given to them in the
Prospectus dated 22 August 2012 (the "Prospectus") relating to the
Bonds.
In accordance with the terms and conditions of the offer set out
in the Prospectus, the Issuer hereby announces that the Offer
Period relating to the Bonds, which commenced on Wednesday 22
August 2012 and which was originally scheduled to close at 5pm
(London time) on 4 September 2012 will close early at 10am (London
time) on Thursday 30 August 2012.
Subscriptions for Bonds received after the issue of this
announcement may or may not be accepted and if accepted, may be
scaled back.
The Bond issue will be for no less than GBP50 million in
aggregate principal amount.
For media enquiries please contact:
CLS Holdings plc +44 (0)20 7582 7766
www.clsholdings.com
Sten Mortstedt, Executive Chairman
Henry Klotz, Executive Vice Chairman
Richard Tice, Chief Executive Officer
Smithfield Consultants +44 (0)20 7360 4900
Alex Simmons
Andrew Wilde
Canaccord Genuity
Mark Glowrey +44 (0)20 7523 8000
Henrietta Podd
Notes to editors:
-- The bonds may not be suitable for all investors. Investors
should ensure they fully understand the risks and seek independent
financial advice.
-- Investors should note that the price of the bonds can rise
and fall during the life of the investment and the price of the
bonds could fall below the issue price of GBP100.
-- In the event that CLS Holdings plc defaults, becomes
insolvent or goes out of business investors may lose some or all of
their investment.
Disclaimer
This announcement is not a prospectus for the purposes of EU
Directive 2003/71/EC (the "Directive") and/or Part VI of the
Financial Services and Markets Act 2000. Investors should not
subscribe for any bonds referred to in this announcement except on
the basis of information in the Prospectus. Full information on CLS
Holdings plc and the offer of the bonds is only available on the
basis of the combination of the Prospectus published in respect to
the bonds and the Sizing Announcement. Investors may obtain copies
of the Prospectus and the Sizing Announcement on the website of the
Regulatory News Services operated by the London Stock Exchange and
the Company's website www.clsholdings.com.
The offering and the distribution of this announcement and other
information in connection with the offer in certain jurisdictions
may be restricted by law and persons into whose possession this
announcement or any document or other information referred to
herein comes should inform themselves about and observe any such
restriction. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such
jurisdiction.
This announcement does not constitute or form part of any offer
or invitation to sell, or any solicitation of any offer to
purchase. Any purchase of bonds pursuant to the offer should only
be made on the basis
of the information contained in the Prospectus, available as described above.
The bonds have not been and will not be registered under the US
Securities Act of 1933 (the "Securities Act") and, subject to
certain exceptions, may not be offered, sold or delivered within
the United States. The bonds are being offered and sold outside of
the United States in reliance on Regulation S of the Securities
Act, and are subject to certain U.S. tax law requirements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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