Director/PDMR Shareholding

RNS Number : 6825G

CLS Holdings PLC

05 March 2015

 

CLS Holdings plc

(the "Company")

Notification of Transaction of Directors, Persons Discharging Managerial Responsibility or Connected Person

The Company announces that, following the release of the Company's audited Final Results on 4 March 2015 and the satisfaction of certain performance targets, Mr Fredrik Widlund, Chief Executive Officer and Director of the Company, was awarded 15,000 Ordinary Shares of 25 pence each in the Company ("Ordinary Shares") on 4 March 2015.  The award forms part of his recruitment remuneration.

As a result of the above transaction, Mr Widlund's interest in the number of Ordinary Shares is 15,000 Ordinary Shares (0.03%).

The award will be satisfied by the transfer of Ordinary Shares held by the Company in treasury for nil consideration. 

A further 5,000 Ordinary Shares may be transferred to Mr Widlund for nil consideration in each of March 2016 and March 2017 subject to Mr Widlund's continuing employment and meeting the Group's performance targets.  Full details of the award relating to Mr Widlund's recruitment remuneration will be set out in the Company's 2014 Annual Report and Accounts, to be published on 13 March 2015 and available on the website (www.clsholdings.com) from this date.

Enquiries:

David Fuller

Company Secretary

CLS Holdings plc 

020 7582 7766

 

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