CLS Holdings PLC Disposal & Retail Bond Repayment (1391X)
May 04 2016 - 2:00AM
UK Regulatory
TIDMCLI
RNS Number : 1391X
CLS Holdings PLC
04 May 2016
4 May 2016
CLS Holdings plc ("CLS")
completes on the disposal of Vänerparken,
and repays Swedish retail bond
CLS Holdings plc announces that it has completed the disposal of
its only remaining investment property in Sweden. The 418,800 sq ft
(38,900 sqm) mixed-use office, educational, residential, leisure
and medical complex Vänerparken, Vänersborg has been sold to Bengt
Linden AB for SEK 590 million.
In a separate transaction, CLS has redeemed at par its SEK 300
million bond due 2016. The bond, which was issued in April 2011,
was repaid on maturity on 27 April 2016 from the Company's cash
resources.
Henry Klotz, Executive Chairman of CLS Holdings plc,
commented:
"We are delighted to have completed on the sale of Vänerparken
following a number of lease renewals in 2015. The repayment of our
Swedish bond is a natural consequence of selling our only
investment property in Sweden."
-ends-
For further information, please contact:
CLS Holdings plc
www.clsholdings.com
Henry Klotz, Executive Chairman
Fredrik Widlund, Chief Executive
Officer
John Whiteley, Chief Financial
Officer
Sten Mortstedt, Executive Director +44 (0)20 7582 7766
Liberum Capital Limited
Tom Fyson +44 (0)20 3100 2222
Panmure Gordon (UK) Limited
Dominic Morley
Andrew Potts +44 (0)20 7886 2500
Kinmont Limited
Jonathan Gray +44 (0)20 7087 9100
Smithfield Consultants (Financial
PR)
Alex Simmons +44 (0)20 7360 4900
This information is provided by RNS
The company news service from the London Stock Exchange
END
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