CLS Holdings PLC Result of Tender Offer (8400V)
April 20 2016 - 12:01PM
UK Regulatory
TIDMCLI
RNS Number : 8400V
CLS Holdings PLC
20 April 2016
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 2016, CLS is pleased to confirm that
it has received acceptances for the Tender Offer, as set out in the
Circular dated 18 March 2016, in full from its shareholders.
Tenders for up to and including the pro rata entitlement of 1
Ordinary Share for every 57 Ordinary Shares at 1,810 pence per
share will be met in full. Tenders received for excess Ordinary
Shares will be subject to scale back at the rate of 0.00051513
Ordinary Shares for each excess Ordinary Share tendered over and
above the pro rata entitlement of 1 for 57, 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
5 May 2016.
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 42,145,581
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 18 March 2016.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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