Result of EGM & Tender Offer
November 17 2004 - 10:47AM
UK Regulatory
RNS Number:3530F
CLS Holdings PLC
17 November 2004
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN
CLS Holdings plc ("CLS" or "the Company")
Proposed purchase of 1 in every 52 Ordinary Shares
up to 1,644,176 Ordinary Shares at 390 pence per share
pursuant to a tender offer ("the Tender Offer")
Result of EGM and Tender Offer
At the Extraordinary General Meeting of the Company held at 2.00 p.m. today, all
the resolutions set out in the Tender Offer document and notice of EGM dated 22
October 2004 were duly passed.
The board of CLS is also pleased to confirm that the Company's recent Tender
Offer, as described in the Tender Offer document dated 22 October 2004, is now
closed, having received acceptance for the Tender Offer in full by its
shareholders. Tenders for up to and including the pro rata entitlement will be
met in full. Tenders received for excess Ordinary Shares will be subject to
scale back at the rate of 0.00519877 Ordinary Shares for each excess Ordinary
Share tendered over and above the pro rata entitlement, rounded down to the
nearest whole share. The Ordinary Shares purchased by the Company pursuant to
the Tender Offer will be held by the Company as treasury shares.
Enquiries:
CLS Holdings plc
Sten Mortstedt Executive Chairman 020 7582 7766
Tom Thomson Chief Executive and Vice Chairman 020 7582 7766
This information is provided by RNS
The company news service from the London Stock Exchange
END
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