CLS announces the sale of three properties

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 £39.8 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 £39.8 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

[phone]

Liberum Capital Limited

Richard Crawley

Jamie Richards

[phone]

Panmure Gordon

Hugh Rich

[phone]

Berenberg
Matthew Armitt
Richard Bootle
[phone]

Edelman Smithfield (Financial PR)

Alex Simmons 

Hastings Tarrant

[phone]     

 








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