CLS Holdings PLC Result of Tender Offer (7343J)
September 13 2016 - 10:31AM
UK Regulatory
TIDMCLI
RNS Number : 7343J
CLS Holdings PLC
13 September 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
CLS Holdings plc
('CLS' or 'the Company')
Result of Tender Offer
CLS is pleased to confirm that it has received acceptances for
the Tender Offer, as set out in the Circular dated 26 August 2016,
in full from its shareholders. Tenders for up to and including the
pro rata entitlement of 1 Ordinary Share in 100 Ordinary Shares at
1,750 pence per share will be met in full. Tenders received for
excess Ordinary Shares will be subject to scale back at the rate of
0.0004624909 for each excess Ordinary Share tendered over and above
the pro rata entitlement of 1 in 100, 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 on
22 September 2016.
ENQUIRIES
CLS Holdings plc
David Fuller
+44 (0) 207 582 7766
Elm Square Advisers Limited
Jonathan Gray
+44 (0) 207 823 3695
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 41,151,086.
2. Defined terms used in this announcement shall have the same
meaning as set out in the Tender Offer Circular dated 26 August
2016.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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