CLS Holdings PLC Disposal & Retail Bond Repayment (1391X)

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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(END) Dow Jones Newswires

May 04, 2016 02:00 ET (06:00 GMT)

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