CLS Holdings PLC Director/PDMR Shareholding (0511F)
May 17 2013 - 12:00PM
UK Regulatory
TIDMCLI
RNS Number : 0511F
CLS Holdings PLC
17 May 2013
CLS Holdings plc
(the "Company")
Notification of Transaction of Directors, Persons Discharging
Managerial Responsibility or Connected Person
The Company announces that it received notification on 17 May
2013 that Mr Richard Tice, Chief Executive Officer and Director of
the Company, exercised options granted on 11 March 2010 over:
1. 293,618 Ordinary Shares at a price per Ordinary Share of
GBP4.70 under the Company's Unapproved Share Option Plan; and
2. 6,382 Ordinary Shares at a price per Ordinary Share of
GBP4.70 under the Company's 2005 Company Share Option Plan
(together the "Options")
Mr Tice sold 146,000 Ordinary Shares on 17 May 2013 at 980 pence
per Ordinary Share in order to meet his tax liabilities. Mr Tice
will retain the balance of 154,000 Ordinary Shares.
Following this transaction, Mr Tice's interest in the number of
Ordinary Shares is 410,163 Ordinary Shares (0.96%).
The exercise of Options was satisfied by Ordinary Shares held by
the Company in treasury.
In accordance with the Disclosure and Transparency Rules, Mr
Tice has notified the Company that the balance of Ordinary Shares
referred to above have been transferred into his funds managed by
Schroders Investment Management Limited, of which 82,000 will be
charged as security.
Enquiries:
David Fuller
Company Secretary
CLS Holdings plc
020 7582 7766
This information is provided by RNS
The company news service from the London Stock Exchange
END
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