Holding(s) in Company

RNS Number : 3430B

CLS Holdings PLC

10 February 2022

 

CLS Holdings plc

(the "Company")

Holding(s) in Company

TR-1: S tandard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii :			CLS Holdings plc LEI: 213800A357TKB2TD9U78
1b. Please indicate if the issuer is a non-UK issuer   (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii:
3. Details of person subject to the notification obligation iv
Name			Creative Value Investment Group Limited, trading as: 1.  Creative Value Investment I Limited 2.  Creative Value Investment II Limited 3.  Creative Value Investment III Limited 4.  Creative Value Investment IV Limited 5.  Creative Value Investment V Limited 6.  Creative Value Invesment VII Limited 7.  Creative Value Invesment VIII Limited
City and country of registered office (if applicable)			St. Peter Port, United Kingdom
4. Full name of shareholder(s) (if different from 3.) v
Name			Lynchwood Nominees Limited as nominee for Creative Value Investment VIII Limited; HSBC Global Custody Nominee UK Limited as nominee for Creative Value III Limited; and Security Services Nominees Limited as nominee for Creative Value Investment I Limited, Creative Value Investment II Limited, and Creative Value Investment VII Limited.
City and country of registered office (if applicable)			London, UK
5. Date on which the threshold was crossed or reached vi :			07 February 2022
6. Date on which issuer notified (DD/MM/YYYY):			08 February 2022
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer (8.A + 8.B) vii
Resulting situation on the date on which threshold was crossed or reached	51.460706	0.0000000		51.460706	209,648,740
Position of previous notification (if applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights ix					% of voting rights
		Direct (DTR5.1)		Indirect  (DTR5.2.1)			Direct (DTR5.1)		Indirect (DTR5.2.1)
Ordinary Shares GB00BF044593 held by Creative Value Investment I Limited				32,352,960					7.941408
Ordinary Shares GB00BF044593 held by Creative Value Investment II Limited				30,603,460					7.511973
Ordinary Shares GB00BF044593 held by Creative Value Investment III Limited				34,191,390					8.392672
Ordinary Shares GB00BF044593 held by Creative Value Investment IV Limited		25,000,000					6.136539
Ordinary Shares GB00BF044593 held by Creative Value Investment V Limited		23,882,070					5.862130
Ordinary Shares GB00BF044593 held by Creative Value Investment VI Limited		3,618,860					0.888291
Ordinary Shares GB00BF044593 held by Creative Value Investment VII Limited				25,000,000					6.136539
Ordinary Shares GB00BF044593 held by Creative Value Investment VIII Limited				35,000,000					8.591154
SUBTOTAL 8. A		209,648,740					51.460706%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument		Expiration date x	Exercise/ Conversion Period xi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument	Expiration date x		Exercise/ Conversion Period xi		Physical or cash Settlement xii			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv				X
Name xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
The Trustees of the Sten and Karin Mortstedt Family & Charity Trust	Creative Value Investment Group Limited	51.460707	51.460707%
The Trustees of the Sten and Karin Mortstedt Family & Charity Trust	Creative Value Investment I Limited	7.941408	7.941408%
The Trustees of the Sten and Karin Mortstedt Family & Charity Trust	Creative Value Investment II Limited	7.511973	7.511973%
The Trustees of the Sten and Karin Mortstedt Family & Charity Trust	Creative Value Investment III Limited	8.392672	8.392672%
The Trustees of the Sten and Karin Mortstedt Family & Charity Trust	Creative Value Investment IV Limited	6.136539	6.136539%
The Trustees of the Sten and Karin Mortstedt Family & Charity Trust	Creative Value Investment V Limited	5.862130	5.862130%
The Trustees of the Sten and Karin Mortstedt Family & Charity Trust	Creative Value Investment VI Limited	0.888291	0.888291%
The Trustees of the Sten and Karin Mortstedt Family & Charity Trust	Creative Value Investment VII Limited	6.136539	6.136539%
The Trustees of the Sten and Karin Mortstedt Family & Charity Trust	Creative Value Investment VIII Limited	8.591154	8.591154%
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information xvi
Creative Value Investment Group Limited is the holding company of the interests in the issuer of The Sten and Karin Mortstedt Family & Charity Trust.  Creative Value Investment Group Limited holds the relevant interests in the issuer through various subsidiary entities. The transaction which is the subject of these disclosures is an internal re-structuring in connection with the issuer's conversion to REIT status. As a result of such transaction, the indirect interests of both Creative Value Investment Group Limited and The Trustees of the Sten and Karin Mortstedt Family & Charity Trust remain unchanged, such that no thresholds have been crossed on an aggregated basis. The shareholdings of Creative Value Investment Group Limited's subsidiary entities in the issuer have been reorganised such that eight subsidiary entities now hold the relevant interests in the issuer, rather than three (as previously). As a result, Creative Value Investment I Limited, Creative Value Investment II Limited and Creative Value Investment III Limited have decreased their holdings in relevant interests in the issuer and Creative Value Investment IV Limited, Creative Value Investment V Limited, Creative Value Investment VI Limited, Creative Value Investment VII Limited and Creative Value Investment VIII Limited have increased their holdings in relevant interests in the issuer.

Place of completion	London, UK
Date of completion	10 February 2022

 

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