Proposed early redemption of bonds due 2019

RNS Number : 0446W

CLS Holdings PLC

27 July 2018

 

Release date:                27 July 2018

Embargoed until:            Immediate release

CLS Holdings plc

("CLS")

Proposed early redemption of

£65 million 5.50 per cent. Bonds due 2019

(the "Bonds")

On 29 June 2018, CLS announced that it had exercised its option to redeem early all of the outstanding Bonds (ISIN: XS0820711215) pursuant to Condition 5(c) of the terms and conditions of the Bonds (the "Conditions").

CLS announces that the redemption price per Bond, which was calculated at 11.00 a.m. today in accordance with Condition 5(c) of the Conditions is £105.745977 per £100 in principal amount of the Bonds inclusive of accrued interest and the aggregate redemption price of the Bonds excluding any accrued interest is £68,442,385.05.  CLS will fully redeem all of the Bonds outstanding on 31 July 2018.

-ends-

For further information, please contact:

CLS Holdings plc

www.clsholdings.com

Fredrik Widlund, Chief Executive Officer

John Whiteley, Chief Financial Officer

[phone]

Liberum Capital Limited

Richard Crawley

Jamie Richards

[phone]

Whitman Howard

Hugh Rich

[phone]

Elm Square Advisers Limited

Jonathan Gray

[phone]

Smithfield Consultants (Financial PR)
Alex Simmons

[phone]

Disclaimer

The Bonds have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act").  Subject to certain exceptions, the Bonds may not be offered, sold or delivered in the US or to or for the account of US persons (as defined in Regulation S under the Securities Act).

This announcement is for information purposes only and is not a prospectus and does not constitute an offer to subscribe for or buy shares, the Bonds or other securities of CLS (the "Securities") in any jurisdiction.  This announcement and the fact of its distribution is not and should not be seen as an inducement in relation to a decision to purchase Securities.  Investors should not subscribe for or purchase any Bonds except on the basis of information contained in the Prospectus published by CLS, a copy of which can be found at http://www.clsholdings.com/en/ir/BondInformation/ukbond or on the London Stock Exchange website.

 

END

 

 

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