CLS Holdings PLC Result of Tender Offer (9840E)
April 16 2014 - 7:29AM
UK Regulatory
TIDMCLI
RNS Number : 9840E
CLS Holdings PLC
16 April 2014
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 2014, CLS is pleased to confirm that
it has received acceptances for the Tender Offer, as set out in the
Circular dated 14 March 2014, in full from its shareholders.
Tenders for up to and including the pro rata entitlement of 1
Ordinary Share for every 66 Ordinary Shares at 1495 pence per share
will be met in full. Tenders received for excess Ordinary Shares
will be subject to scale back at the rate of 0.00183396 Ordinary
Shares for each excess Ordinary Share tendered over and above the
pro rata entitlement of 1 for 66, 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 by
2 May 2014.
Enquiries:
CLS Holdings plc +44 (0) 207 582 7766
David Fuller
Company Secretary
www.clsholdings.com
Kinmont Limited +44 (0) 207 087 9100
Jonathan Gray
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 43,953,790.
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 14 March 2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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