CLS Holdings PLC Director/PDMR Shareholding (4019E)
July 03 2019 - 10:19AM
UK Regulatory
TIDMCLI
RNS Number : 4019E
CLS Holdings PLC
03 July 2019
CLS Holdings plc
(the "Company")
Notification of Transaction of Directors, Persons Discharging
Managerial Responsibilities ("PDMR") or Persons Closely
Associated
CLS Holdings plc Performance Incentive Plan ("PIP")
On 2 July 2019, the Remuneration Committee granted Mr Andrew
Kirkman, Chief Financial Officer and Director of the Company, the
following Awards over ordinary shares of 2.5 pence each in the
capital of the Company under Element B of the PIP in the form of
conditional share awards. These Awards form part of his recruitment
remuneration in relation to the buying out on a fair value basis of
his long-term incentive awards lapsing on leaving his previous
employment:
Award Number of Shares subject Vesting Date
to the Award
2017 Award 68,523 5 April 2020
------------------------- -------------
2018 Award 56,305 5 April 2021
------------------------- -------------
The key terms of the Awards made under Element B of the PIP
are:-
- Awards will vest as above provided that the participant remains employed by the Company, and
- no shares subject to Awards (apart from those sold to meet any
tax liability) can be sold prior to the 5(th) anniversary of the
award date.
Full details of the PIP are set out in the Company's
Remuneration Policy, together with details of Mr Kirkman's
recruitment remuneration, are available at www.clsholdings.com
The information set out below is provided in accordance with the
requirements of Article 19(3) of the EU Market Abuse Regulation No
596/2014.
Notification of Dealing Form
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name(s) Andrew Kirkman
----------------------------------- ----------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
----------------------------------- ----------------------------------------------
b) Initial notification/amendment Initial Notification
----------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name CLS Holdings plc
----------------------------------- ----------------------------------------------
b) LEI 213800A357TKB2TD9U78
----------------------------------- ----------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------------------
a) Description of Ordinary Shares of CLS Holdings Plc of
the financial instrument 2.5 pence each.
Identification code: GB00BF044593
----------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of conditional share awards under
the CLS Holdings plc Performance Incentive
Plan.
----------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price Volume
Nil 68,523 (2017 Award)
56,305 (2018 Award)
----------------------------------- ----------- ---------------------------------
d) Currency GBP - British Pound
----------------------------------- ----------------------------------------------
e) Aggregated information N/A
----------------------------------- ----------------------------------------------
f) Date of the transaction 2 July 2019
----------------------------------- ----------------------------------------------
g) Place of the transaction Outside a trading venue
----------------------------------- ----------------------------------------------
Enquiries:
David Fuller
Company Secretary
CLS Holdings plc
LEI: 213800A357TKB2TD9U78
Tel: +44 (0) 20 7582 7766
This information is provided by RNS, the news service of the
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END
DSHCKNDDQBKDPOK
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