CLS Holdings PLC Holding(s) in Company (7112W)
April 28 2016 - 10:13AM
UK Regulatory
TIDMCLI
RNS Number : 7112W
CLS Holdings PLC
28 April 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or the underlying CLS Holdings plc
issuer
of existing shares to which voting rights
are
attached: (ii)
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2 Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights X
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An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued to
which voting rights are attached
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An acquisition or disposal of instruments with similar economic
effect to qualifying financial instruments
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An event changing the breakdown of voting rights
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Other (please
specify):
------------------------------------------------------------------- -------- -----------------------------------------
3. Full name of person(s) subject Sten Mortstedt
to the (indirect holder of voting rights)
notification obligation: (iii)
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4. Full name of shareholder(s) Creative Value Investments I Limited
(if different from 3.):(iv) Creative Value Investments II Limited
Creative Value Investments III Limited,
(together, the "CVIs")
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5. Date of the transaction and date 28 April 2016
on
which the threshold is crossed
or
reached: (v)
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6. Date on which issuer notified: 28 April 2016
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7. Threshold(s) that is/are crossed Above 50%
or
reached: (vi, vii)
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8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if possible
using
the ISIN CODE
-------------- -------------------------------- --------------------------------------------------------------------
Number Number Number Number of voting % of voting rights
of of of shares rights (x)
Shares Voting
Rights
-------------- --------------- --------------- -------------- ---------------------- ----------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
-------------- ----------- ----------- -------------- --------- ----------- ------------ --------------
GB0001592475 21,369,429 21,369,429 Nil Nil 0%
--------------- --------------- -------------- --------- ----------- ------------ --------------
B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
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Type of financial Expiration Exercise/ Number of voting % of voting
instrument date (xiii) Conversion Period rights that may rights
(xiv) be
acquired if the
instrument is
exercised/ converted.
------------------ ------------- ------------------------------- ------------------------ ------------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments (xv, xvi)
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Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting rights
financial price date (xvii) Conversion rights instrument (xix, xx)
instrument period refers to
(xviii)
---------------- ------------- ------------- ---------------- ------------------------ --------------------------
Nominal Delta
---------------- ------------- ------------- ---------------- ------------------------ ------------ ------------
Total (A+B+C)
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Number of voting rights Percentage of voting rights
-------------------------------------------------- ------------------------------------------------------------------
0 0%
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9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
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The following undertakings, which immediately before the transaction
were each directly held and beneficially by Sten Mortstedt, directly
hold the following number of shares in the issuer:
Creative Value Investment I Limited: 8,153,810 (19.34%)
Creative Value Investment II Limited: 6,094,828 (14.46%)
Creative Value Investment III Limited: 7,120,791 (16.89%)
Total: 50.70%
Proxy Voting:
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10. Name of the proxy holder:
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11. Number of voting rights proxy holder will
cease
to hold:
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12. Date on which proxy holder will cease to
hold
voting rights:
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13. Additional information: Sten Mortstedt has transferred all
of his shareholdings in the CVIs to
Creative Value Investment Group Limited
("CVIG") in consideration for the
issue of shares in CVIG to Sten Mortstedt.
Immediately following that transaction,
Sten Mortstedt settled his entire
(MORE TO FOLLOW) Dow Jones Newswires
April 28, 2016 10:13 ET (14:13 GMT)
shareholding in CVIG into The Sten
and Karin Mortstedt Family & Charity
Trust. The beneficial interest of
Sten Mortstedt in the issuer remains
unchanged as a result of these transactions.
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14. Contact name: Peter Zonabend
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15. Contact telephone number: +41 81 252 55 47
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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