Completion of Neo Portfolio Leasehold Interests

RNS Number : 7856T

CLS Holdings PLC

25 November 2013

 

Release date:                25 November 2013

Embargoed until:            07.00

CLS Holdings plc

("CLS", the "Company" or the "Group")

completes the acquisition of the outstanding Neo Portfolio leasehold interests

Further to the announcement made on 16 September 2013 regarding the acquisition of 34 UK properties for £118.6 million, CLS is pleased to confirm that it has received landlord's consent on, and subsequently completed the purchase of, the outstanding four long leasehold properties.  The four properties comprised £12.75 million of the original purchase price, and income from them has accrued to CLS from the original date of purchase on 13 September 2013.

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For further information, please contact:

CLS Holdings plc                                                         [phone]

www.clsholdings.com   

Sten Mortstedt, Executive Chairman

Henry Klotz, Executive Vice Chairman

Richard Tice, Chief Executive Officer

Liberum Capital Limited                                             [phone]

Tom Fyson

Charles Stanley Securities                                          [phone]

Mark Taylor                                                                  

Kinmont Limited                                                          [phone]

Jonathan Gray

Smithfield Consultants (Financial PR)                         [phone]

Alex Simmons

 

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