Correction: Holding(s) in Company

RNS Number : 7184W

CLS Holdings PLC

28 April 2016

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				CLS Holdings plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		Creative Value Investment Group Limited ("CVIG")
4. Full name of shareholder(s)  (if different from 3.):iv		Creative Value Investment I Limited Creative Value Investment II Limited Creative Value Investment III Limited (together, the "CVIs")
5. Date of the transaction and date on which the threshold is crossed or reached: v		28 April 2016
6. Date on which issuer notified:		28 April 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		Above 50%

 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB0001592475

Nil

Nil

Nil

21,369,429

50.70%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

21,369,429

50.70%

 

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
The following undertakings, which immediately following the transaction were each directly held and beneficially owned by CVIG, directly hold the following number of shares in the issuer: Creative Value Investment I Limited: 8,153,810 (19.34%) Creative Value Investment II Limited: 6,094,828 (14.46%) Creative Value Investment III Limited: 7,120,791 (16.89%) Total: 50.70%
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:	Sten Mortstedt has transferred all of his shareholdings in the CVIs to CVIG in consideration for the issue of shares in CVIG to Sten Mortstedt.  Immediately following that transaction, Sten Mortstedt settled his entire shareholding in CVIG into The Sten and Karin Mortstedt Family & Charity Trust. The beneficial interest of Sten Mortstedt in the issuer remains unchanged as a result of these transactions.
14. Contact name:	Peter Zonabend
15. Contact telephone number:	[phone]

 

END

 

 

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