CLS Holdings PLC Result of Tender Offer (1593Z)
September 12 2022 - 11:14AM
UK Regulatory
TIDMCLI
RNS Number : 1593Z
CLS Holdings PLC
12 September 2022
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 announce the results of the Tender Offer for 1
in every 40 Ordinary Shares at 250 pence per Ordinary Share, as set
out in the Circular dated 15 August 2022 (the "Circular").
A total of 154,132,053 Ordinary Shares were validly offered for
tender and the number of Ordinary Shares purchased will be scaled
back in accordance with the terms and conditions and the scaling
mechanism set out in the Circular. Accordingly, a total of
10,184,894 Ordinary Shares will be purchased via the Tender Offer
for an aggregate price of GBP25.5 million. This represents
approximately 2.5 per cent. of the issued Ordinary Share capital of
the Company.
The Ordinary Shares purchased by the Company pursuant to the
Tender Offer will be held in treasury and, following such purchase,
the Company will hold an aggregate of 41,566,914 Ordinary Shares in
treasury. 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 16 September
2022.
Enquiries:
David Fuller
Company Secretary
CLS Holdings plc
LEI: 213800A357TKB2TD9U78
Tel: +44 (0) 20 7582 7766
www.clsholdings.com
Liberum Capital Limited
Richard Crawley
Jamie Richards
+44 (0)20 3100 2000
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 407,395,760.
2. Defined terms used in this announcement shall have the same
meaning as set out in the Tender Offer Circular dated 15 August
2022.
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END
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