CLS Holdings PLC Director/PDMR Shareholding (6825G)
March 05 2015 - 9:19AM
UK Regulatory
TIDMCLI
RNS Number : 6825G
CLS Holdings PLC
05 March 2015
CLS Holdings plc
(the "Company")
Notification of Transaction of Directors, Persons Discharging
Managerial Responsibility or Connected Person
The Company announces that, following the release of the
Company's audited Final Results on 4 March 2015 and the
satisfaction of certain performance targets, Mr Fredrik Widlund,
Chief Executive Officer and Director of the Company, was awarded
15,000 Ordinary Shares of 25 pence each in the Company ("Ordinary
Shares") on 4 March 2015. The award forms part of his recruitment
remuneration.
As a result of the above transaction, Mr Widlund's interest in
the number of Ordinary Shares is 15,000 Ordinary Shares
(0.03%).
The award will be satisfied by the transfer of Ordinary Shares
held by the Company in treasury for nil consideration.
A further 5,000 Ordinary Shares may be transferred to Mr Widlund
for nil consideration in each of March 2016 and March 2017 subject
to Mr Widlund's continuing employment and meeting the Group's
performance targets. Full details of the award relating to Mr
Widlund's recruitment remuneration will be set out in the Company's
2014 Annual Report and Accounts, to be published on 13 March 2015
and available on the website (www.clsholdings.com) from this
date.
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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