CLS Holdings plc
(the “Company”)
Share Subdivision Timetable
Following the approval by shareholders of the subdivision of the Company's existing Ordinary Shares of 25 pence each ("Existing Ordinary Shares") into new Ordinary Shares of 2.5 pence each ("New Ordinary Shares") at its Annual General Meeting held today, the Company confirms the timetable for the subdivision as set out below:
Subdivision timetable
Last dealing day of Existing Ordinary Shares: 5 May 2017
Record date for the subdivision 6pm on 5 May 2017
First dealing day of New Ordinary Shares: 8 May 2017
New Ordinary Shares credited to CREST accounts 8 May 2017
Certificates for New Ordinary Shares despatched by 22 May 2017
Information on shares
Existing Ordinary Shares
Shares expected to be in issue immediately prior to the subdivision 40,739,576
Number of shares held in treasury immediately prior to the subdivision 3,138,202
Existing Ordinary Shares ISIN: GB0001592475
Existing Ordinary Shares SEDOL: 0159247
New Ordinary Shares
Shares expected to be in issue immediately after the subdivision 407,395,760
Number of shares held in treasury immediately after the subdivision 31,382,020
New Ordinary Shares ISIN: GB00BF044593
New Ordinary Shares SEDOL: BF04459
It is expected that the share subdivision will become effective at 8.00 am on Monday 8 May 2017 (the "Effective Date"). On the Effective Date, the Official List of the UKLA will be amended to reflect the share subdivision.
The New Ordinary Shares will be in registered form and maybe held in certificated or uncertificated form. Following the subdivision becoming effective, share certificates in respect of the Existing Ordinary Shares will cease to be valid and will be cancelled.
New certificates in respect of the New Ordinary Shares will be issued to those shareholders who hold their Existing Ordinary Shares in certificated form, and are expected to be dispatched, at the risk of shareholders, within 10 Business Days from the Effective Date.
Share certificates in respect of Existing Ordinary Shares should be destroyed upon receipt of such new certificates. No temporary documents of title will be issued. Transfers of New Ordinary Shares after 5 May 2017 but before the dispatch of new certificates will be certified against the register of members of the Company.
Enquiries
David Fuller
Company Secretary
CLS Holdings plc
+44 (0)20 7582 7766
