CLS Holdings PLC Director/PDMR Shareholding (8312M)
May 13 2020 - 1:00PM
UK Regulatory
TIDMCLI
RNS Number : 8312M
CLS Holdings PLC
13 May 2020
CLS Holdings plc
(the "Company", the "Group")
Notification of Transaction of Persons Discharging Managerial
Responsibilities ("PDMR")
CLS Holdings plc Long Term Incentive Plan ("LTIP")
CLS Holdings plc announces that Fredrik Widlund, Chief Executive
Officer and Director of the Company, and Andrew Kirkman, Chief
Financial Officer and Director of the Company, have today been
awarded nil cost options over a number of ordinary shares of 2.5
pence each in the Company ("Ordinary Shares") as set out below (the
"Awards").
PDMR Plan Participant Award Plan Award Price (pence No of shares pursuant
per share) to Award
Fredrik Widlund LTIP 183 379,918
------------ ------------------- ----------------------
Andrew Kirkman LTIP 183 185,737
------------ ------------------- ----------------------
The Awards were made based on the quoted closing price of the
Company's Ordinary Share on 12 May 2020. The Awards will vest on
the third anniversary of the date of grant, subject to the
achievement of performance targets measured over a three-year
period as set out in the Company's 2020 Remuneration Policy. Vested
Awards will be subject to an additional two-year holding
period.
The Remuneration Committee are aware of the impact of the
Coronavirus on the Company and its share price, and the effect it
may have on overall Executive remuneration. Pursuant to the rules
of the LTIP, the Committee has full discretion to ensure that the
final outcomes reflect the performance of the Company taking into
account all relevant factors, and that there have not been any
windfall gains.
The notification is made in accordance with the EU Market Abuse
Regulation.
Enquiries:
David Fuller
Company Secretary
CLS Holdings plc
Tel: +44 (0) 20 7582 7766
Notification of Dealing Form
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name(s) Fredrik Widlund
--------------------------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------
a) Position/status Chief Executive 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 2.5p
the financial instrument Identification code: GB00BF044593
--------------------------------------------- ------------------------------------------
b) Nature of the transaction Award of nil cost options under the CLS
Holdings plc Long Term Incentive Plan
--------------------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price Volume
--------------------------------------------- -------------------- --------------------
0.00 p 379,918
-------------------------------------------------- -------------------- --------------------
d) Currency GBP - British Pound
--------------------------------------------- ------------------------------------------
e) Aggregated information N/A
--------------------------------------------- ------------------------------------------
f) Date of the transaction 13 May 2020
--------------------------------------------- ------------------------------------------
g) Place of the transaction Outside a trading venue
--------------------------------------------- ------------------------------------------
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 2.5p
the financial instrument Identification code: GB00BF044593
--------------------------------------------- ------------------------------------------
b) Nature of the transaction Award of nil cost options under the CLS
Holdings plc Long Term Incentive Plan
--------------------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price Volume
--------------------------------------------- -------------------- --------------------
0.00 p 185,737
-------------------------------------------------- -------------------- --------------------
d) Currency GBP - British Pound
--------------------------------------------- ------------------------------------------
e) Aggregated information N/A
--------------------------------------------- ------------------------------------------
f) Date of the transaction 13 May 2020
--------------------------------------------- ------------------------------------------
g) Place of the transaction Outside a trading venue
--------------------------------------------- ------------------------------------------
- end -
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END
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