Directorate Change

RNS Number : 2537F

CLS Holdings PLC

23 April 2014

 

Release date:                23 April 2014

Embargoed until:            07:00

CLS Holdings plc

("CLS", the "Company")

Directorate Change

CLS Holdings plc is pleased to announce the appointment of Lennart Sten as an independent Non-Executive Director with effect from 1 August 2014.

Mr Sten, 55, has 15 years' experience in the international property industry having held senior positions at GE Capital and GE Real Estate Nordic, most recently Chief Executive Officer of GE Capital Real Estate Europe, from which he stepped down in March.  Prior to his time at GE Capital, he was a partner at Baker & McKenzie LLP, Stockholm, and an Assistant Judge in the District Court of Solna.  He is a non-executive director of Victoria Park AB, a company listed on the NASDAQ OMX Stock Exchange, Stockholm, and of a number of private companies, including Inter IKEA Holding SA.  Mr Sten does not have any beneficial interest in CLS's ordinary shares.

Sten Mortstedt, Executive Chairman of CLS, comments:

"I am delighted that Lennart has agreed to join the Board.  He has a wealth of international property, law and business experience and will enhance the Board's expertise in areas which are fundamental to the Group."

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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 and Acting CEO

John Whiteley, Chief Financial 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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