CLS Holdings PLC CLS announces the sale of three properties (6680U)

TIDMCLI

RNS Number : 6680U

CLS Holdings PLC

03 August 2022

PRESS RELEASE

   Release date:                 3 August 2022 
   Embargoed until:           07:00 am

CLS Holdings plc ("CLS" or the "Group")

CLS announces the sale of two properties in the UK and one in France for GBP39.8 million

CLS announces that it has completed on the sale of two UK properties, Great West House, Brentford and 62 London Road, Staines and one French property, 96 Rue Nationale, Lille for a total of GBP39.8 million. The three properties sold for an average 3.7% above the 31 December 2021 valuations.

Further details will be provided in the half year results on 10 August 2022.

Fredrik Widlund, Chief Executive Officer of CLS, commented:

"These disposals are in line with CLS' asset management strategy and secure a significant return for CLS, capturing value for our investors while providing additional financial flexibility for the Group. I look forward to updating investors further on our recent performance with the announcement of our half year results next week.'

-ends-

For further information, please contact:

CLS Holdings plc

(LEI: 213800A357TKB2TD9U78)

www.clsholdings.com

Fredrik Widlund, Chief Executive Officer

Andrew Kirkman, Chief Financial Officer

+44 (0)20 7582 7766

Liberum Capital Limited

Richard Crawley

Jamie Richards

+44 (0)20 3100 2222

Panmure Gordon

Hugh Rich

+44 (0)20 7886 2733

Berenberg

Matthew Armitt

Richard Bootle

+44 (0) 203 207 7800

Edelman Smithfield (Financial PR)

Alex Simmons

Hastings Tarrant

+44 (0)20 3047 2546

Registered in England No. 2714781. Registered Office as above.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCUPUQCRUPPGCP

(END) Dow Jones Newswires

August 03, 2022 02:00 ET (06:00 GMT)

Cls (LSE:CLI)
Historical Stock Chart
From May 2024 to Jun 2024